RTG Ventures, Inc Partners With MVI NOW Video to Deliver Streaming Video Content of Chinese Games of Skill to Mobile Telephones Worldwide.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 8, 2003 RTG RTG abbreviation for ready to go; used in medical records. Ventures, Inc. (RTGV: OB) has partnered with MVI MVI Multivitamin MVI Multi-Vendor Import MVI Melt-Volume Index MVI Motor Vehicle Incident MVI MODIS Vegetation Index MVI Multiple Variable Inversion MVI Microsoft Virus Initiative MVI Multi-Vitamin Injection MVI Motion Video Instructions NOW Limited, a London-based streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. specialty company. RTGV will access MVI's software to deliver video content of Ethnic Chinese games of skill to mobile telephone users with Internet access See how to access the Internet. within China and Chinese communities worldwide. The license will remain in place until August of 2006. The MVI NOW technology will provide live "buy now" coverage by mobile phone of all semi-finals and the finals of the Chinese Chess Championship (Xiangqi), Mah-jong and Chinese Poker, staged by RTG Ventures, Inc. Full games or highlights will be downloadable on request. Asian games of skill can now be accessed via mobile phone, television, as well as the Internet. "Mobile phone payment systems are very popular with Chinese Internet users," commented Linda Perry, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of RTG Ventures, Inc. "Consumers are more willing to pay for services this way rather than through credit cards." Perry further commented, "It is estimated that far fewer Chinese have credit cards than have mobile phones." About RTG Ventures Inc RTG Ventures is a multimedia gaming company that has acquired exclusive rights from the Sports Ministry of the Peoples Republic of China to stage a number of games of skill, including the Chinese Chess Championship (Xiangqi), Mah-jong, and Chinese Poker (Sheng-Ji). RTGV's technology is capable of accommodating up to 200,000 simultaneous players for each of these skill games concurrently. Skill games are played daily by hundreds of millions of people in China and have significant revenue opportunities. The Company plans to establish strategic alliances and joint ventures to maximize these revenue streams and to build a global image as a recognized brand. RTG Ventures expects to see significant revenue opportunities from gaming participation, sponsorship of events from western corporations, advertising, merchandising, satellite television rights to land based events, leading up to the 2008 Olympics in Beijing, and from database marketing. About MVI NOW Limited MVI NOW Limited is a leading streaming video specialty company. Based in London, United Kingdom, the company has the proprietary technology to deliver live streaming video and streaming video clips to 2.5G (GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. and CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. ) mobile devices. Content may include news, sports clips, music videos, film trailers, and advertisements. A "buy now" feature using SMIL (Synchronized Multimedia Integration Language) Pronounced "smile." A format for delivering and synchronizing multimedia content on the Web. Introduced in the summer of 1998 by the W3C, it is a document type (DTD) of XML and provides the timing commands that , a development of HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. , is available. This technology enables anyone to access streaming content to any video-capable device on any network worldwide, and is scaleable to 3G networks where installed. Advanced bandwidth management technology enables TV quality streamed video at bandwidths of as low as 28 kbps, significantly lower than competitors. The MVI technology does not require a network agreement and can if necessary work over premium rate phone lines, enabling content owners to deliver direct to customers with minimal set-up costs and lead times. Legal Notes and Disclosures: RTG Ventures Inc. may make certain forward-looking statements that relate to future events or future business and financial performance. Such statements can be only predictions and the actual events or results may differ from those discussed due to, among other things, those risks described in RTGV's reports or evident on Forms 10-QSB and 10-KSB. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any state. Past performance does not guarantee future performance. The Investor Relations Investor relations The process by which the corporation communicates with its investors. Group, Inc. is serving as a paid consultant to the Company. Additional information is available upon request. |
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