NEW YORK, LOS ANGELES, and LONDON, March 21, 2013 /PRNewswire/ -- RTG Ventures, Inc. (OTCQB: RTGV) updates shareholders today following the Company's recent restructuring to meet the requirements for a joint venture, investment or acquisition. The company is still in detailed talks and discussing various options with a variety of companies in the US, Europe and Southeast Asia.
Yesterday, March 20, 2013, the Company's name change to Digital Brand Media & Marketing Group, Inc. was finally effected with the coincident revision of the Cusip Number to: 25385H 104. The Company, having received the necessary documentation of the name change, will now file for the symbol change with FINRA.
The Company highlighted in the previous release, that it cannot divulge the names of the Company's with whom there are serious discussions taking place, but a description of one of the situations under consideration which could provide a very attractive opportunity to augment the current offering to our clients, should help to understand the complexity of the ventures being reviewed.
There are major discussions currently between the Company and a fast rising software development group. The company provides rich Social Media for consumers using a proprietary series of platforms that in turn allows for Social Media advertising campaigns.Reggie James, Senior Vice President of Marketing & Communications and Co-Chief Operating Officer commented, "This is an exciting phase of our development as the technology platform not only complements the advertising element of RTG agency Digital Clarity but also dovetails perfectly into the strategic Social Media offering." James added, "The company is based in India and thus providing a perfect gateway into the burgeoning Indian and Asian markets where the growth of Social and Digital Media is fulfilling a major need to a growing and wealthy middle class clientele." As the analysis of these various situations take place, the Company's Business Plan is being revised to reflect the outcomes expected to increase revenue streams from execution of these new relationships. The Board of Directors has designed a very stringent due diligence process for new partners to verify and document stated asset basses and revenues, in order to avoid having to rescind agreements in the future, as we had to do in 2010 and 2011. Even though due diligence and vetting of target candidates is a long process, the Management now has a more competitive structure to raise capital and fund the geographic expansion planned.