Eagle Ventures International Inc. (fka EGVIQ)

[JJSeabrook]

EGVI Seeks Chapter 11 Reorganization

PR Newswire "US Press Releases "

EAGLE, Idaho, Sept. 30 /PRNewswire-FirstCall/ -- (Pink Sheets: EGVI) Eagle
Ventures International, Inc. ("the Company") is a holding company parent to
various subsidiaries, including TelExtreme International, Inc. and Hydrate2O,
Inc.

Eagle Ventures International, Inc. has filed for reorganization, pursuant
to Chapter 11 of the U.S. Bankruptcy Code, in U.S. Bankruptcy Court, Boise,
Idaho. The Company is in the process of reorganizing its business and is
scheduled to file a plan for reorganization sometime in the fourth quarter of
2008.

Paul Peterson, the Company's Chief Executive Officer, said, "During the
past several months it has become apparent to us that prospective investors
were unwilling to fund payments to persons or entities who drain the Company's
resources without contributing to meaningful development and growth of the
Company. And without funding at this stage of our development, we cannot
effectively execute against our business plan and best serve our customers,
shareholders and vendor-partners."

Forward Looking Statements

This press release contains forward-looking statements regarding the
future results and performance of Eagle Ventures International, Inc. and its
subsidiaries, including statements regarding revenue, growth and market
development. These forward-looking statements involve risks and uncertainties
and actual results could differ materially from those predicted in any such
forward-looking statements. Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing are
forward-looking statements. The realization of any or all of these
expectations is subject to a number of risks and uncertainties and it is
possible that the assumptions made by management may not materialize.
Statements in this press release may involve risks and uncertainties; actual
results may differ from the forward-looking statements. Sentences or phrases
that use such words as "believes," "anticipates," "plans," "may," "hopes,"
"can," "will," "expects," "is designed to," "with the intent," "potential" and
others indicate forward-looking statements, but their absence does not mean
that a statement is not forward-looking. The Company undertakes no obligation
to publicly release any revisions to forward-looking statements.

SOURCE Eagle Ventures International, Inc.