Newmark Enters into Negotiations with IVONDI


VANCOUVER, British Columbia, Aug. 31, 2004 (PRIMEZONE) -- Kent Carasquero of Newmark Ventures, Inc. (OTCBB:NMVN) reports that the company has begun negotiations with the principals of IVONDI with a view to a merger.

IVONDI provides a direct distribution channel for the hospitality industry worldwide through its Website www.ivondi.com.

About Newmark Ventures, Inc.

Newmark Ventures, Inc. is a diversified holding company focused on creating a network of strategic business alliances and corporate partnerships in order to identify and capitalize on emerging market opportunities. Newmark Ventures, Inc.'s business plan involves acquiring both majority and minority interests in various business operations that will continue to prove beneficial to the Company's bottom line.

Cautionary Statement: This news release may include certain "Forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act, as amended. All statements, other than statements of historical fact, included in this release are forward-looking statements that involve various 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. All forward-looking statements in this release are expressly qualified by this notice.



            

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