SOURCE: Aquagold International, Inc.

January 22, 2008 14:03 ET

AQUAGOLD INTERNATIONAL, INC. (OTC: ONMC) Announces Completion of Merger Process and All Necessary State Filings

SANTA ANA, CA--(Marketwire - January 22, 2008) - AQUAGOLD INTERNATIONAL, INC. (PINKSHEETS: ONMC) is pleased to announce the completion of filing of final merger documents with both the State of Nevada and NASDAQ. In addition to the filing of final merger documents AQUAGOLD USA INC. has filed for the official name change and applied for a new CUSIP number with the respective legal entities. Manuel Da Silva (CEO, AQUAGOLD INTERNATIONAL, INC.) thanks shareholders for their patience through this process and anticipates a successful and profitable relationship at the onset of this new phase for AQUAGOLD INTERNATIONAL, INC.

Jesse Rodriguez, now former Interim President & CEO of Omninet, Inc., says, "It has been an honor serving you, the shareholders, for the past year. At this point I feel that I have achieved my goals and objectives of finding a merger partner with excellent short and long term vision and market potential for strong shareholder equity in 2008 and beyond. I have now officially resigned as an officer and director and turn the operations of our company over into the control of the competent management team and Board of Directors headed up by Mr. Manuel Da Silva, your new Chairman, President and CEO. Please forward all future correspondence and phone calls to 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 USD in volume and current value terms. The estimates on AQUAGOLD'S China contract alone exceed $500 million in revenues.

AQUAGOLD is actively pursuing additional growth and is focused on growing market share in China as well as the rest of Asia, and the Company anticipates even more substantial opportunities in the near future as the Chinese capital city of Beijing hosts the 2008 Olympic Summer Games.

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.

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