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V-Net Increases Ownership of Meritage Wines 3/30/2005 1:57:03 PM
BLUE ISLAND, Ill. & RANCHO CORDOVA, Calif., Mar 30, 2005 (BUSINESS WIRE) -- V-Net Beverage, Inc (Pink Sheets:VNTB.PK) and Meritage Wine Brokerage announced today that V-Net is exercising its option to further its ownership in Meritage. V-Net's increased equity position in the company provides V-Net a definitive development and distribution role of Meritage's new organic herbal infused line of wines.
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Robert Corr, President of V-Net stated: "We have seen first hand at the EXPO-WEST trade show earlier this March increased use of botanicals in beverages, which continues growing every year. Herbal infused wines are the emerging wine trend, with huge revenue potential proven by the major's interest in producing these product types. Herbal infused wines is V-Nets natural product extension. This opportunity is the next trend. All our information indicates that herbal infused wine is the niche category we can capitalize on."
Meritage's President/CEO James Clements states, "We are thrilled that V-Net chooses to continue to exercise its acquisition option to take advantage of the herbal wine opportunity. V-Net and Meritage's individual expertise form the perfect alliance to service the scale that is on the horizon."
Increased ownership allows V-Net to utilize Meritage's expertise in sourcing, distribution and marketing of domestic & imported wines. Both companies are pleased with the increased commitment and view this agreement as the catalyst to move the development of the new organic herbal wines to the forefront.
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
SOURCE: V-Net Beverage, Inc.
V-Net Beverage, Inc. Robert Corr, 708-389-6625 or Meritage Wine Brokerage James R. Clements, 916-390-9730 jimclements@meritagewinebrokerage. net
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V-Net Beverage, Inc. Doubles Royalty Income and Announces West Coast Bottling of e-Water 5/26/2005 2:44:01 PM
V-Net Beverage, Inc. (Pink Sheets:VNTB.PK) has announced that it is ending its agreement with its master distributor Modern Products. V-Net has opted not to renew its agreement with Modern. Handling its own sales and marketing efforts for Ginseng Rush, Ginseng Rush XXX and Rush Cola, will double V-Net's licensing revenue on these products. In addition direct communication with the distributors will simplify its new product authorization.
V-Net has also announced a bottling agreement with Nationwide Beverage Bottling Inc. (NBVB.PK), Corona, CA to produce its new e-Water(TM) in 16.9 oz and 12 oz sizes. This new location will handle its ever-increasing West Coast distribution, by becoming a central distribution point for all its products. Utilizing this facility, V-Net will realize increased profitability by reducing its freight and production costs.
Robert Corr, President of V-Net was quoted, "Having all of our beverage products available at one location will eliminate the out of stock problems that have arisen at the retail outlets. Giving us more control of our product availability on the West Coast to keep our wholesalers and retailers fully stocked."
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent belief or current expectations of V-Net Beverages Inc., and members of their management as well as the assumptions of which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risk and uncertainties, and the actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operation results, the ability to compete successfully and the ability to compete before-mentioned transactions.
The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: V-Net Beverages, Inc.
V-Net Beverages, Inc., Blue Island Robert Corr, 708-389-6625
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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Up Up and away. patience will pay off in this one I believe 1,000,000 long and strong or until I reach my profit margin. Ha
Posts: 598 | From: San Jose, CA USA | Registered: Nov 2003
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I just read a disturbing article about V-Net and Mr Corr. Although it was written in January of 2004 it helped me make a decision I have been pondering for a while. Please read www.
I don't know what's your motive in posting that news. Old news, almost 2 years old. Now Corr is building a strong company. I am willing to take a risk to give him a chance. I will be adding strongly on any dip. Long and strong.
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The Ginseng Rush taste great and it help me get rid of the flu a lot quicker. Don't worry guys you have a great stock here. Hang in there.
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Well I was going to get out due to the fact this thing is stagnating and the CEO won't speak to investors but since some unkown person says not to worry guess I should stay LOL
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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I don't know what's your motive in posting that news. Old news, almost 2 years old. Now Corr is building a strong company. I am willing to take a risk to give him a chance. I will be adding strongly on any dip. Long and strong.
glta
Chart looks strong and stable.
Joe
Joe what happened here?? Seems Corr has skipped town on everyone. Just where is he building this strong company you speak of.
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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