Vitavea Inc.
OTC Bulletin Board : VVEA

December 11, 2006 14:42 ET

Vitavea Inc. Announces Private Placement

BELLINGHAM, WASHINGTON--(CCNMatthews - Dec. 11, 2006) - Vitavea Inc. (OTCBB:VVEA) (the "Company") announces that it has completed a private placement with a corporate investor, of 500,000 shares at a price of EUR 1.00 (US $1.33) per Share for total proceeds of EUR 500,000.

The proceeds of the private placement will be used for general corporate purposes.

VITAVEA INC.

JOHN BOSCHERT, Director

This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. In particular, in the event the private placement is not completed as contemplated, it may have a significant adverse effect on the liquidity, financial position and assets of the Company, which may affect its ability to complete its business plan.

Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

Contact Information

  • Vitavea Inc.
    John Boschert
    (360) 483-8248
    (360) 925-3022 (FAX)