SOURCE: Omninet Media.com, Inc.

January 10, 2008 09:15 ET

OMNINET MEDIA.COM (OTC: ONMC), Soon to Be AQUAGOLD International, Inc., Issues Corrective Timeline to Previously Announced Merger Completion

SANTA ANA, CA--(Marketwire - January 10, 2008) - OMNINET MEDIA.COM, INC. (PINKSHEETS: ONMC), soon to be AQUAGOLD International, Inc., stated on December 19th 2007, "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." Manuel DaSilva (CEO AQUAGOLD International, Inc.) takes this opportunity to legitimate the delay in filing. "Unforeseeable difficulties in reuniting all five directors of our company most of which were overseas during this past holiday period did extend our timeline for this most important filing." DaSilva continued, "I would like to confirm at this point in time that in fact all documents have been signed and that in order to speed up this much anticipated process a proper delegation of AQUAGOLD Directors will be proceeding to the United States this Tuesday 15th of January 2008 in order to be on location to file the official name change and CUSIP number application. Augmenting shareholder value is and has always been our first priority and I would like to take this opportunity to thank shareholders for their patience during this unexpected delay."

About OMNINET MEDIA.COM, INC.

OMNINET MEDIA.COM, INC. is a development stage corporation mandated by its shareholders to seek out business opportunities to acquire or merge with to create value for its shareholders.

For more information available to the public, contact the investor relations dept. at 949-666-5141.

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.

China and the rest of Asia but also through growing market share in each of these markets with a huge opportunity coming when the Chinese Capital City of Beijing will be hosting the 2008 Summer Olympic 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.

Contact Information

  • Company Contact:
    Marc-Olivier Hassoun for AQUAGOLD International, Inc.
    514-886-9079