Jimi UVGI, due to anticipation of the web opening
day MAY 5th. (COMTEX) B: UVGI Secures Rare Provider of Platinum for Its Line www.E
B: UVGI Secures Rare Provider of Platinum for Its Line www.ElegantChoice.Com To
Be unveiled May 5, 2000
NEW YORK, May 1, 2000 /PRNewswire via COMTEX/ -- Isaac Nussen, President of
United Ventures Group, Inc. (OTC Bulletin Board: UVGI), announced today the
addition of platinum rope chains to its current line of gold, pearl and diamond
jewelry. Rope chains are and have always been one of the popular mainstays of
the jewelry industry being the number-one choice for bracelets and necklaces,
for both men and women, for nearly two decades. Platinum rope chains, however,
were not produced because of the difficulty of processing the chains in this
metal. UVGI has secured a source with the ability to produce platinum chains to
same high standards as the "Empress Chain," a recognized premium rope chain in
the industry.
Mr. Nussen, Chief Executive Officer of UVGI, stated, "The addition of platinum
to our line is one more major component that we have added to round out our line
for our upcoming web site ElegantChoice.Com which is on schedule to open on May
5, 2000."
About platinum
Platinum was discovered approximately 2000 years ago and was recognized as a
precious metal by King Louis XVI who named it the "metal of kings." Platinum's
availability is substantially more limited than that of gold. Worldwide
production of platinum is only about 10% the production of gold. This is one of
the reasons platinum has generally been more expensive than gold. Currently at
about $460 per ounce, it is approximately 60% higher in value than gold. It is
also one of the heaviest and strongest metals, making it very difficult to work
with.
Platinum jewelry is unique in that it is the only metal used in jewelry in
purity levels of 90 to 95% compared to 18 karat gold which is only 75% pure or
14 karat gold which is only 58% pure. Platinum has been the elite choice of
jewelry for many buyers because of its unique cool white shine that highlights
diamonds and other jewelry in a very elegant way.
About United Ventures Group Incorporated
UVGI, a Delaware corporation, through its wholly owned subsidiaries, is a
jewelry designer, manufacturer, and distributor. The Company's product line
includes a wide assortment of 14-karat gold jewelry along with the newly added
diamond pearl and the newly added platinum jewelry lines. The Company is
currently seeking to align itself with major Internet marketing and advertising
entities to increase the brand awareness and drive traffic to its site.
About www.ElegantChoice.Com
www.ElegantChoice.com is a comprehensive jewelry portal that will offer for sale
numerous styles of jewelry at many price levels. The site will include a series
of channels with information on Jewelry Design, a Diamond Buying Guide, Fashion
Tips, Jewelry Do's and Don'ts, Ask the Experts Section, Jewelry Repair, and
Jewelry Auctions. The site will eventually showcase over 1,500 different jewelry
items, including 14-karat gold, platinum and precious colored gemstone earrings,
rings, bracelets, and charms. The site will also offer GIA-certified diamonds
and new pearl products. These items have recently been added to the growing UVGI
line of products by various other vendors considered industry leaders in their
respective product categories.
This press release contains forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Expression of future goals and similar expressions reflecting something other
than historical fact involve risks and uncertainties. The actual results the
company achieves may differ materially from any forward-looking statements due
to such risks and uncertainties.
Contact Information:
Isaac Nussen, CEO
United Ventures Group, Inc
(718) 361-0400 phone
Email: uvgi2000@aol.com
www.AmericanCharm.com
Patrick M. Rost, Investor Relations
PMR & Associates, LLC
(760) 942-0015 phone
Email: pmrandco@aol.com
SOURCE United Ventures Group, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
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CONTACT: Isaac Nussen, CEO, United Ventures Group, 718-361-0400, or
uvgi2000@aol.com; or Patrick M. Rost, Investor Relations, PMR
760-942-0015, or pmrandco@aol.com, for United Ventures Group
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