TEMECULA, Calif., May 8, 2003 (PRIMEZONE) -- VentureNet Capital Group, Inc. (Pink Sheets:VNTN) announced today that its Spa-Tacular living division, which produces high quality hot tubs under the trade name Beach Bay Hot Tubs, has geared up to produce 4 hot tubs per month for the next 7 months.
Beach Bay Hot Tubs are built to order and sold direct to the customer in 3 models, with a standard version and a fully loaded version of each model. Depending on the model and features requested by the customers, prices range from $3,500 to $5,000 per hot tub.
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.