VentureNet, Inc. in Negotiations to Acquire Stock of Human Services Technologies, Inc.
TEMECULA, Calif., Aug. 8 /PRNewswire/ -- VentureNet, Inc. (www.vntrnet.com, a Delaware Corporation) (OTC Bulletin Board: VNTN) announced today that it is pursuing negotiations with Human Services Technologies, Inc. ("HST") to obtain a substantial stock position within the company.
Founded in 1997, Human Services Technologies, Inc. nationally distributes software products enabling public and privately funded Human Services Agencies to automate their record keeping and interagency communication processes. HST has been developing this innovative software product since 1992, to support the Human Services Industry.
HST is poised for leadership by pioneering the use of the World Wide Web (the Internet) for the Human Services Industry as a provider of cutting-edge technology software of information application products. In March 2000, HST acquired Benchmark Enterprises; the creator of "IRis", a referral software product used worldwide by the human service agencies, hospitals, military family support, hotlines, nonprofit and service centers, municipal and federal departments of social services. Benchmark Enterprises brings to HST more than 1,000 worldwide agencies utilizing "IRis" software. This combination substantially expands HST's scope and new opportunities for growth.
HST enables those in the social services sector to serve more people, increase service quality and efficiency, decrease duplication, qualify results and gain funding. Current revenue for HST is approximately $100,000 per month, with a 40% profit margin.
VentureNet, Inc. specializes in providing financing and management expertise to pre-public and public emerging growth companies, demonstrating a high growth potential. The core of our business to provide companies and value seeking investors an opportunity for substantial returns, while helping the most promising companies realize their visions for the future.
VentureNet, Inc. is a venture capital firm that specializes in funding early stage and first round financing for consumer and technology based companies.
For further information, contact Tammy Billington in Shareholder Relations at 909-296-9945.
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The foregoing press release may include numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The Federal securities laws provide a limited "safe harbor" for certain forward-looking statements. Forward-looking statements in this press release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.
SOURCE VentureNet, Inc.
/CONTACT: Tammy Billington, Shareholder Relations of VentureNet, Inc.,
909-296-9945/
/Web site: vntrnet.com |
