To: Jim Bishop who wrote (38271 ) 3/21/2000 10:44:00 AM From: Taki Respond to of 150070
Good news on UVGI.Earnings.(PR NEWSWIRE) United Ventures Group Announces Profits on 1999 Revenues of $10 United Ventures Group Announces Profits on 1999 Revenues of $10.6 Million NEW YORK, March 21 /PRNewswire/ -- Isaac Nussen, CEO of United Ventures Group, Inc. (OTC Bulletin Board: UVGI), announced today the release of preliminary financial performance for the year ended December 31, 1999. The Company has posted revenues in excess of $10.6 million dollars from its core business of jewelry manufacturing and distribution. Based upon the preliminary result subject to the final audit, United Ventures Group, Inc. showed a moderate gain from fiscal year 1998 financial results. More financial information on profitability will be released when the final audited financials are completed. "We are extremely pleased with the Company's performance in 1999 and look forward to the coming year as we expand into the e-commerce marketplace. The unveiling of www.ElegantChoice.com is on schedule for late April, 2000," stated Isaac Nussen, CEO, United Ventures Group, Inc. About United Ventures Group Incorporated United Ventures Group, Inc., 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 and pearl 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. This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation 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: jarnow2000@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. -0- 03/21/2000 /CONTACT: Isaac Nussen, CEO, United Ventures Group, 718-361-0400, or jarnow2000@aol.com; or Patrick M. Rost, Investor Relations, PMR & Associates, LLC, 760-942-0015, or pmrandco@aol.com, for United Ventures Group/ /Web site: elegantchoice.com / (UVGI) CO: United Ventures Group, Inc. ST: New York, Delaware IN: HOU MLM SU: ERN