ONMC OMNINET MEDIA.COM (OTC: ONMC), Soon to Be AQUAGOLD International, Inc., Announces Merger Documents Completed and Will Be Filed Today
Dec 19, 2007 11:43:00 AM
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SANTA ANA, CA -- (MARKET WIRE) -- 12/19/07 -- OMNINET MEDIA.COM, INC. (PINKSHEETS: ONMC), soon to be AQUAGOLD International, Inc., announces today that the merger between the two companies is now completed with all contracts signed and the merger documents being filed today with both the State of Nevada and NASDAQ.
Upon completion of the filing of the final merger documents with both the State of Nevada and NASDAQ, OMNINET MEDIA.COM, INC. will immediately file the official name change to AQUAGOLD International, Inc. and apply for a new CUSIP number. This entire process should take about 2 weeks to be completed.
Mr. Manuel Da Silva, President & CEO of AQUAGOLD International, Inc., commented: "With the finalization of the merger, AQUAGOLD is now one step closer to becoming a fully reporting public company, as shipments of our premium spring water continue to arrive in China. Now we are able to begin releasing details of our contracts and recent material events to the investment community."
Mr. Da Silva continued, "Within the next 10 to 14 days, we will finally be one company, operating with one goal and realizing one dream to successfully launch the AQUAGOLD-branded premium Spring Water into the China Market, satisfying the Chinese consumers' demands and meeting or exceeding our shareholders' investment expectations of share value and ROI."
About AQUAGOLD International, Inc.
"AQUAGOLD" branded premium Canadian Spring Water is presently being shipped into China. In 2005, sales of bottled water in China experienced strong growth of 16% (liters) and 15% (RMB/$) to reach 11.2 billion liters and RMB24.1 billion or $3.17 Billion in volume and current value terms. The estimates on AQUAGOLD's China contract alone exceed $500 Million in revenues, however how much in excess will follow in the near future resulting from ongoing marketing activities such as the upcoming trade show in Shanghai, China over the coming few weeks.
Forward-Looking Statements
This news release contains forward-looking statements made by OMNINET MEDIA.COM, INC. in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.
Company Contact:
Marc-Olivier Hassoun
AQUAGOLD International, Inc.
514-886-9079
