SOURCE: Omninet, Inc.

March 27, 2008 14:15 ET

AQUAGOLD International, Inc. (PINKSHEETS: ONMC) Announces the Final Name Change Completed and New Trading Symbol AQUI.PK.

LAS VEGAS, NV and MONTREAL--(Marketwire - March 27, 2008) - AQUAGOLD International (PINKSHEETS: ONMC) (PINKSHEETS: AQUI) announced today that NASDAQ has approved and finalized the official name change from Omninet, Inc. to AQUAGOLD International, Inc.

The new trading symbol for AQUAGOLD International, Inc. will be AQUI.PK and will have an effective date of March 28th, 2008.

About Mendoza Berger & Company LLP:

Mendoza Berger & Company is a Southern California-based Certified Public Accounting Firm. The practice has operated for over twenty-five years as a CPA consulting firm, specializing in providing auditing, accounting, management consulting and tax services to many types of corporations.

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 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:
    Investor Contact
    Steven Weiss
    EricDavid & Sons, Inc

    Daniel Sauve
    AQUAGOLD International, Inc.