ORLANDO, Fla., July 20, 2004 (PRIMEZONE) -- The Board of Directors of Omni Alliance Group Inc. (Pink Sheets:OMNA) announces that the Company will be re-positioning its business direction and focusing on niche leisure life-style consumer markets.
The Board of Directors has assembled a new management/operations team, led by Scott Spor, who will serve as Chief Operating Officer. Mr. Spor is a seasoned executive with a diverse industry background., most recently having co-founded the first non-realty-based time share enterprise in the Luxury Motor Coach industry, and is leading this Company's effort to add synergistic products and services to maximize the company's long-term value, resources and expertise.
According to Mr. Spor, "Leisure life style industries are overlooked and often under-valued in today's marketplace. We are preparing to build an experienced management team, with a product/service base that will facilitate unique marketing techniques to maximize the opportunities in what is now, fragmented leisure life-style industries."
Management is currently reviewing acquisition candidates and strategic relationships to facilitate its plans moving forward.
Omni Alliance Group, Inc. is a development stage company preparing to engage in Leisure Lifestyle industries. The Company identifies opportunities currently in the following industries: Luxury Motor Coaches (sales, rental & leasing programs), and the Personal Electric Vehicle (PEV) industry, including manufacturing, distribution and sales.
This press release discusses certain matters that may be considered "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, including statements regarding the intent, belief or current expectations of Omni Alliance Group, Inc. ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; the lack of viable commercial applications or the failure of third-party contractors to perform their contractual obligations. Prospective investors are also referred to the other risks identified from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.