TEMECULA, Calif., Jan. 14, 2003 (PRIMEZONE) -- VentureNet Capital Group, Inc. (Pink Sheets:VNTN) announces negotiations to open a bottled water facility in Houston, Texas.
VentureNet Capital Group, Inc. and its partners are in the planning stages of opening a 40,000 sq. ft. bottling facility in Houston, Texas. If all negotiations go well, the facility should be opened in April 2003 and will private label bottled water for Wal-Mart and 99 cent stores.
VentureNet Capital Group, Inc. will own a third of this facility.
VentureNet Capital Group, Inc. specializes in providing financing and management expertise to private and public emerging growth companies demonstrating current revenues and a high growth potential.
FORWARD-LOOKING STATEMENTS
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
More information on this company can be found on eWorldWire's Online Newsroom at HTML: http://www.eworldwire.com/wr/011403/venturenet-houston.htm, ONLINE NEWSROOM: http://www.eworldwire.com/profile/venturenet.htm