BEIJING, Oct. 24 /PRNewswire-FirstCall/ -- The Company RMDM (http://www.rmdmgroup.com/) and its operating subsidiary Innotrek, Beijing today after the market closed, announced that during the 5th China-ASEAN Expo which was held in Nanning, Guangxi from Oct. 22 to 25, the business cooperation agreement between China Telecom Guangxi Branch and Beijing Innotrek was completed.
Mr. Wynn Wang the issuers CEO said, "The objective of this agreement is to use Innotrek's products for broadband Internet and accessing of residential areas in all Guangxi Zhuang Autonomous Region. Guangxi Zhuang Autonomous Region is one of the provinces in southwest China with a population of over 50 million people and consists of about 240,000 km(2) area. Guangxi also locate the upstream of Mekong River Basin and has frontiers with Burma and Vietnam.
Access to Innotrek's proprietary technology was provided to China Telecom Guangxi for further tests and technical preparations to assist both sides in the launch of this project. We expect and project revenues of this project to be in the area of 6 to 10 million USD within the next 12 to 18 months after full roll out is complete."
The China-ASEAN Expo, is the platform of economic and trade between China and ASEAN Member States. ASEAN States consist of: Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
Mr Wang concluded by saying "This is an annual event proposed by China and 10 ASEAN Member States since 2003. Mr. Wang Qishan, Vice Premier of the State Council of the People's Republic of China and Mr. Samdech Hun Sen, Prime Minister of the Kingdom of Cambodia attended the opening ceremony. The Kingdom of Cambodia rotates as Chairman of the Presidency of the China-ASEAN Expo this year. It is our privilege and honor to acknowledge that Beijing Innotrek was recommended by Beijing Science and Technology Commission to take part in this Expo."
The issuer intends to provide further updates shortly, through their Investment Relations Company only.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Get the Facts Right. The issuer works hard to continue to keep our shareholders informed, and news is updated frequently via Press Releases, Pink Sheet http://www.pinksheets.com/ filings, and updates to our websites. Other websites not sponsored, or recognized by the Company may provide misleading or disinformation to investors in order to manipulate trading patterns for a given stock. Always look for original content from trusted sources, rather than relying on 'excerpts' or discussion boards that may not give you the whole story. The Securities and Exchange Commission requires financial institutions or brokerage firms to provide their clients with documentation, describing the risks of investing in penny stocks.
CONTACT: http://www.minamargroup.com/helpdesk
