Tuesday, November 8, 2011

Yesterday’s Action on “Stock Pick” Update VIASPACE, Inc. (OTCBB: VSPC) – VSPC rallied on news yesterday after our new profile from .007 to hit a high of .0099 up as much as 41.42%.  VSPC closed at .009 up 28.57% on active volume of 4,699,645 shares.  We maintain that VIASPACE has turned the corner and should continue to rally.

 

 

“Stock Pick” Update

Omni Ventures, Inc.

(OTCQB: OMVE)

www.OMVE.net

www.prvcypremium.com  

News Just Issued: Omni Ventures Announces LOI to Acquire a Production Company in Los Angeles

See new Green Baron profile on OMVE released today at TheGreenBaron.com

The Green Baron Believes New Management will Guide Successful Label to Profits for Omni Ventures and we Predict OMVE Rallies to Over $1.00 by Year-End

News was announced shortly after we began sending our new “Stock Pick” report to members.  The announcement is a key development to ensure the success of the Company’s plans to re-launch the PRVCY label. 

NEW YORK, Nov. 8, 2011 (GLOBE NEWSWIRE) - Omni Ventures, Inc. (OTCQB: OMVE) announced today that it has entered into a Letter of Intent to acquire the controlling stake in Jean Genie Studio, Inc., a Los Angeles-based company involved in various stages of design and production of denim and non-denim apparel. Pending successful completion of the detailed due diligence including the audit of the financials and other contractual matters, the acquisition is anticipated to close within forty five days from the effective date of the Letter of Intent.

"We are very pleased to announce the next step of our cooperation with Jean Genie, who have been our preferred wash and dye vendors from the moment we re-launched the design and production of PRVCY Premium apparel earlier this year. Forging a closer partnership with Jean Genie as our future subsidiary may increase the overall efficiency and quality control of our production cycle as well as provide for a lower cost of several of the most capital intensive post-production garment treatment procedures," stated Christian Wicks, President of Omni's Apparel and Accessories division. Wicks continued, "We are also very optimistic about the prospect of further developing our design studios as well as sample-making facilities in cooperation with Jean Genie, whose experienced staff will be available to work directly on-site with our creative and production teams. Needless to say, Jean Genie is an established and successful business with its own revenue streams and a stellar customer list. We anticipate that to reflect well on enhancing the overall revenue of Omni Ventures as its holding company once the acquisition has been successfully completed."

Kendrick Kim, President of Jean Genie Studio, Inc. stated, "We believe that our strategic partnership with Omni and joint work on further development of its PRVCY brands may allow Jean Genie to evolve into a full-scale denim and other casual apparel production house more efficiently than if we were to do that on our own. Our downtown Los Angeles facilities are ready to deploy additional machinery and equipment for that purpose and add much-needed jobs."

About Omni Ventures

Omni Ventures, Inc. is a versatile holding company operating in premium consumer brands development, merchandising and consumer services. The Company is working to position itself as a strategic management holding company for several subsidiaries including the ones to be established or acquired. Currently, the Company wholly owns PRVCY Couture, Inc., the casual couture apparel and accessories design, manufacturing and distribution company (www.prvcypremium.com). Management is developing several related projects in the fields of consumer goods design, manufacturing and distribution as well as consumer services. For more info, please visit www.omve.net.

About Jean Genie Studio, Inc.

Jean Genie Studio, Inc. has been in business of design and various stages of manufacturing of high-end apparel since 2005. Located in downtown Los Angeles it specializes on serving a variety of premium denim and casual couture brands, primarily in creation of fashion-forward washes and other types of postproduction treatment of various garments.

Legal Disclaimer

The statements contained in this press release contain certain forward-looking statements, including statements regarding the company's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.

CONTACT: Investor Relations

Pivo Associates

212.924.3548

info@pivoassoc.com