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Non-Tech : VNTN - VentureNet, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: SCOOBEY-DO who wrote (9)	11/7/2000 10:36:14 AM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 19

VentureNet Capital Group, Inc. Signs a Joint Venture Agreement with MP Digital TEMECULA, Calif., Nov. 7 /PRNewswire/ -- VentureNet Capital Group, Inc. (OTC Bulletin Board: VNTN) (www.vntrnet.com, a Delaware Corporation) announced today that it has signed a joint venture agreement with MP Digital with respect to the production and revenue sharing rights for the National Collegiate Tennis Classic Tournament scheduled to be held at The Woodlands Resort & Conference Center located in The Woodlands (near Houston, Texas) on Sunday, January 14, 2001. MP Digital has broken ground on an exclusive agreement to provide online community services, news, e-mail, chat, music, movies and entertainment to more than fifty-two million students in the United States. MP Digital will collaborate with IAD/Nettext to develop a new wireless network designed to replace books in the classroom. This network uses Ultra Wideband Technology to allow students and teachers to communicate wirelessly between specially designed PDAs and a central server. MP Digital is finalizing a contract with a major player in the record industry to provide marketing, distribution and operations support. Currently MP Digital is under a confidentiality agreement with this individual while negotiations are finalized. MP Digital will have direct access to 3,000 street teams across the U.S. and Canada. This network has sold as many as 1.8 million CD units within a five day time period. MP Digital will also have access to a constant stream of "A" quality artists to sign. The highly successful track record of this resource includes Eminem, Sting, and the Rough Riders. The same power that launched these hugely successful groups will be available to MP Digital and its affiliates. This resource will also give MP Digital prime access to every college campus in North America. As well as prime sponsorship positions at several major concerts and events. VentureNet Capital Group, Inc. specializes in providing financing and management expertise to private and public emerging growth companies demonstrating current revenues and a high growth potential. For further information please contact VentureNet Capital Group, Inc. at 909-296-9945. Safe Harbor Statement 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 and the possibility of private litigation. 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 Capital Group, Inc. /CONTACT: VenureNet Capital Group, Inc., 909-296-9945, info@vntrnet.com/ /Web site: vntrnet.com