TEMECULA, Calif., June 10, 2003 (PRIMEZONE) -- VentureNet Capital Group, Inc. (Pink Sheets:VNTN) announced today that its northern California bottle water facility will be the primary producer for NICO International, Inc. on the West Coast.
NICO International, Inc. is a public company trading under the symbol QTFV (Quick Test5) and sells bottled water to a variety of retail customers.
SevenFold, Inc. is a 65,000 sq. ft. bottling facility with 20,000 sq. ft. of shipping and warehouse capacity. SevenFold, Inc. private labels bottle water for a variety of customers.
VentureNet Capital Group, Inc. owns 23% of SevenFold and is completing negotiations to acquire controlling interest.
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.