NEW YORK, June 29, 2011 (GLOBE NEWSWIRE) -- Omni Ventures, Inc. (OTCQB:OMVE) announced today that in an effort to increase transparency to shareholders and potential new investors it will start regularly publishing the summaries of its Depository Trust Company Security Position Reports on the Company's corporate website at www.omve.net. We will commence this reporting on or about July 11, 2011. We believe that this will provide the general public with full disclosure of the number of shares, which may be traded via various electronic trading systems on OTC markets.
"Recently, we have received a number of calls from our shareholders worrying about what seems to be predatory 'naked' short-selling in our stock as well as inquiries about the number of shares in the public float. We researched this issue and discovered that the latest FINRA website report indicated that hundreds of thousands of shares of OMVE have indeed been shorted within the last several days," says Dan Reardon, Chairman of the Board of Omni Ventures, Inc. Reardon continued, "Needless to say, we are a fully-reporting company and as required by the regulators all the vital information about our company is fully disclosed in our filings with the SEC. However in an unprecedented effort to further increase shareholder transparency, we instructed our IT department to add a new feature to our website whereby anyone would be able to access the information about the number of shares in the public float available for electronic trading. That information will be updated from time to time to provide access to the most current records. We are anticipating that this feature will go live on our website in less than two weeks. In the meantime, I am pleased to announce that today the amount of shares in the public float available for any electronic trading is less than 2.1% of the total amount of issued and outstanding shares, which equals to approximately 2.2 million shares. Further, about 88.5% of the company's stock is restricted and owned by affiliates."
About Omni Ventures
Omni Ventures, Inc. is a development stage company working on a versatile portfolio of projects in premium consumer brands development and merchandising as well as consumer services. The Company is working to position itself as a strategic management holding company for several subsidiaries including the ones to be established or acquired. Currently the Company wholly owns PRVCY Couture, Inc., the casual couture apparel and accessories design, manufacturing and distribution company (www.globenewswire.com/newsroom/ctr%3Fd=223072%26l=5%26a=www.prvcypremium.com%26u=http%253A%252F%252Fwww.prvcypremium.com" target="_top" rel="nofollow">www.prvcypremium.com). Management is negotiating several joint ventures with established operating companies in the fields of consumer goods design, manufacturing and distribution as well as consumer services. For more info, please visit www.omve.net/" target="_top" rel="nofollow">www.omve.net.
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The statements contained in this press release contain certain forward-looking statements, including statements regarding the company's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.