SOURCE: Omninet, Inc.

December 07, 2007 14:00 ET

OMNINET MEDIA.COM, Soon to Be AQUAGOLD International, Inc., Issues Update on China Operations

"FHC 2007" Is a Huge Success

SANTA ANA, CA--(Marketwire - December 7, 2007) - OMNINET MEDIA.COM, INC. (PINKSHEETS: ONMC), soon to be AQUAGOLD International, Inc., today announced the FHC 2007 China Show was a huge success for the company, resulting in many new orders and inquiries. AQUAGOLD is busy filling the demand derived from this trade show and the first shipments of AQUAGOLD premium Canadian spring water have arrived in China to begin filling this demand.

Mr. Manuel Da Silva, President & CEO of AQUAGOLD International, Inc., commented: "This is an exciting time for AQUAGOLD and its shareholders. The trade show went better than we could have hoped for and we are very excited about the huge potential for AQUAGOLD in China. This is yet another step ahead for us in our plans to make AQUAGOLD the #1 premium Canadian spring water in China."

Mr. Da Silva continued, "Within the next 10 days we expect to have the merger finalized and immediately file for the corporate name and symbol change, as well as the details of the contracts we are currently filling immediately thereafter. This is an exciting time for our company and I look forward to keeping our shareholders updated as events unfold."

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.

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
    AQUAGOLD International, Inc.

    Jesse Rodriguez