SOURCE: Omninet Media, Inc.

February 22, 2008 14:40 ET

AQUAGOLD International, Inc. (OTC: ONMC) Announces That the Official CUSIP and Name Changes Have Been Filed With State of Nevada and NASDAQ

OMNINETMEDIA.COM Name Change to AQUAGOLD International, Inc. and CUSIP Change Completed

LAS VEGAS, NV and MONTREAL--(Marketwire - February 22, 2008) - Manuel Da Silva, CEO of AQUAGOLD International, Inc. (PINKSHEETS: ONMC) announced today that OMNINETMEDIA.COM (PINKSHEETS: ONMC) name and CUSIP change from OMNINETMEDIA.COM to AQUAGOLD International, Inc. has been completed and will be effective within 10 business days. "At that time NASDAQ will also assign the new trading symbol which will be announced as soon as we receive it. Today our Transfer Agent has completed and filed for our new CUSIP and has also filed his TA-1 Form officially notifying NASDAQ of our new official corporate name AQUAGOLD International, Inc. and our new CUSIP number. Further, all State of Nevada filings have already been updated to reflect these changes," Mr. Da Silva stated.

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 USD 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.

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.

About EricDavid & Sons, Inc.

Specializing in investor relations, EricDavid & Sons, Inc. is a financial management, marketing and consulting firm that retains as clients only those who are perceived to offer unusual products or services with the potential to command a dominant position in their respective industry/marketplace and publicize companies with unique products services offerings whose stock is undervalued in relation to their long-term earnings potential.

Forward-Looking Statements

This news release contains forward-looking statements made by OMNINETMEDIA.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

  • Investor Contact:
    Steven Weiss
    EricDavid & Sons, Inc.

    Company Contact:
    Manuel Da Silva
    for AQUAGOLD International, Inc.