VNTN Venturenet Capital Group Inc (CE)

VentureNet Capital Group, Inc. (Pink Sheets:VNTN) through its joint venture with Exploitation Engineers, Inc. of Houston, Texas has located its first heavy oil project in Texas. This possible acquisition so far has demonstrated considerable upside potential according to management of Exploitation Engineers, Inc. and is a perfect candidate for using EOR (Enhanced Oil Recovery). Enhanced Oil Recovery is a process by which the oil and gas industry uses additional technology to recover crude oil from formations that have been depleted of hydrocarbons by primary or secondary recovery. Exploitation Engineers, Inc. is currently evaluating this project to determine the viability of moving forward as a joint venture project. This evaluation is still in the preliminary stages and will take some time to complete. Exploitation Engineers, Inc. has 25 years of experience in the petroleum consulting industry and has provided planning, evaluation, and implementation of Enhanced Oil Recovery projects for operators and investment groups. About VNTN VentureNet Capital Group, Inc. is a management company that provides marketing and consulting services to public companies. Our clients are offered expertise in areas such as promotional, publicity, sales promotions and management consulting. We specialize in helping with funding public businesses that represent emerging growth opportunities as well as established companies that demonstrate potential for long-term capital growth. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, further events or otherwise.