The RTGV management is putting together a letter to shareholders to explain the financial structure of the transaction which is based on performance and similar to the recent buy of Digital Clarity, it said.
Under the agreement from April, RTGV planned to change its name and trading symbol after the completion of the deal.
On December 7, 2007, RTGV
announced an enhancement to the original agreement to include Ecommercenet Limited, a payment system which includes two brands, epaypoint and Web-Pay.
As the deal moves toward completion by both parties completing its Conditions of Closing, RTGV
will issue frequent press releases to update its shareholders on progress, additional events, and the announcement of a final closing date anticipated this month.
The share structure will not change, with RTGV
shareholders receiving 42,435,315 shares of NMTV at closing.
Linda Perry, RTGV
's CEO said: "We are gratified to know that the SEC has completed its review and RTGV
has been reinstated to trade again on the BB.
After the Share Exchange Agreement closes, with all closing conditions met, RTGV
is also in the process of providing all of the documentation required for a 15c-211 submission requesting reinstatement to the Bulletin Board, where the company traded previously.
, as a fully compliant, transparent public entity, will continue to keep its shareholders and the public apprised on the progress of the Share Exchange Agreement Conditions of Closing as they are completed.
is currently in the process of bringing its filings up to date, including audited financials and application for reinstatement to the Bulletin Board thereafter;
will access MVI's software to deliver video content of Ethnic Chinese games of skill to mobile telephone users with Internet access within China and Chinese communities worldwide.
An exclusive agreement between RTGV
and the Sports Ministry puts the company in a very strong position to build shareholder value both now and in the future.