AQUAGOLD INTERNATIONAL, INC. (OTC: ONMC) Announces Completion of Merger Process and All Necessary State Filings

* Reuters is not responsible for the content in this press release.

Tue Jan 22, 2008 2:03pm EST

  SANTA ANA, CA, Jan 22 (MARKET WIRE) -- 
 AQUAGOLD INTERNATIONAL, INC. (PINKSHEETS: ONMC) is pleased to announce
the completion of filing of final merger documents with both the State of Nevada
and NASDAQ. In addition to the filing of final merger documents AQUAGOLD USA
INC. has filed for the official name change and applied for a new CUSIP
number with the respective legal entities. Manuel Da Silva (CEO, AQUAGOLD
INTERNATIONAL, INC.) thanks shareholders for their patience through this process
and anticipates a successful and profitable relationship at the onset of
this new phase for AQUAGOLD INTERNATIONAL, INC.

    Jesse Rodriguez, now former Interim President & CEO of Omninet Media.com,
Inc.,
says, "It has been an honor serving you, the shareholders, for the past year.
 At this point I feel that I have achieved my goals and objectives of finding
a merger partner with excellent short and long term vision and market
potential for strong shareholder equity in 2008 and beyond.  I have now
officially resigned as an officer and director and turn the operations of our
company over into the control of the competent management team and Board of
Directors headed up by Mr. Manuel Da Silva, your new Chairman, President and
CEO.  Please forward all future correspondence and phone calls to AQUAGOLD
INTERNATIONAL, INC."

    About AQUAGOLD INTERNATIONAL, INC.

    "AQUAGOLD" branded premium Canadian Spring Water is presently being
shippedinto China.  In 2005, sales of bottled water in China experienced strong
growth
of 16% (liters) and 15% (RMB/$) to reach 11.2 billion liters and RMB24.1
billion or $3.17 billion USD in volume and current value terms. The estimates
on AQUAGOLD'S China contract alone exceed $500 million in revenues.

    AQUAGOLD is actively pursuing additional growth and is focused on growing
market
share in China as well as the rest of Asia, and the Company anticipates even
more
substantial opportunities in the near future as the Chinese capital city of
Beijing hosts the 2008 Olympic Summer Games.

    Forward-Looking Statements

    This news release contains forward-looking statements made by OMNINET
MEDIA.COM,
INC. in reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
All
such statements included in this press release, other than statements of
historical fact, are forward-looking statements. Although Management believes
that
the expectations reflected in such forward-looking statements are reasonable, it
can give
no assurance that such expectations will prove to have been correct. Actual
results
may differ materially from those indicated by these statements. The following
risk factors, among others, could cause actual results to differ materially
from those described in any forward-looking statements. These risks and
uncertaintiesinclude, but are not limited to, economic conditions, changes in
the law
orregulations, demand for products and services of the company, the effects of
competition and other factors that could cause actual results to differ
materially from those projected or represented in the forward-looking
statements.
Forward-looking statements are typically identified by the words: believe,
expect, anticipate, intend, estimate, and similar expressions or which by their
nature refer to future events.

    

Company Contact:
Manuel Da Silva for AQUAGOLD INTERNATIONAL, INC.
514-886-9079

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