TEMECULA, Calif., Feb. 17, 2005 (PRIMEZONE) -- Venture Net Capital Group, Inc. (Pink Sheets:VNTN) (http://www.vntrnet.com) announced the completion of negotiations for a Joint Venture Financing agreement with Ashlin Capital, LLC ("Ashlin").
"This alliance with Ashlin will allow us access to additional capital to expand our core business of creating value for emerging growth companies in high technology, Internet, healthcare and consumer goods industries," said Mike Brett, Venture Net CEO. "Over the past few weeks, we have used working capital financing from Ashlin to increase production of our wholly-owned subsidiary, Buzzy's Coffee."
"We are pleased by the obvious possibilities of working with Venture Net in providing financing not only for its own subsidiaries and exclusive distributorships, but also in joint-venturing with Mike Brett to assist some of his promising client companies to reach their next level of performance," said Ashlin CEO, Charles Flemming.
About Venture Net
Venture Net Capital Group, Inc. is a management company that provides marketing and consulting services. Our clients are offered expertise in areas such as accounting, investment and financial services, legal representation, promotional, publicity, sales and management consulting. We specialize in helping with funding pre-public businesses that represent emerging growth opportunities as well as established companies that demonstrate potential for long-term capital growth.
About Ashlin Capital
Ashlin Capital is a Wall St. Investment Banking firm that finances small, medium and large companies, governments and entrepreneurs, nationally and internationally. Among the services offered by Ashlin Capital are Investment Banking, business loans, working capital loans for doctors and other professionals, accounts receivable financing, equipment lease financing, aviation financing, marine financing, commercial and residential real estate loans, mergers and acquisition financing, domestic and international project financing, government projects financing and business consulting.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the securities Act of 1933, and are subject to 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 other results and further events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, further events or otherwise.