SOURCE: Xynergy Corporation

January 02, 2008 17:52 ET

Balseiro Resigns Post to Pursue Pro Football Opportunity

CARSON CITY, NV--(Marketwire - January 2, 2008) - Energy Upstart Xynergy Corporation (PINKSHEETS: XYNG) announced today the resignation of its CEO Chris Balseiro, who has served as the company CEO since its inception. Balseiro has played Arena Football and now has his sights set on the new All American Football Conference and hopes to be drafted this January.

Recently the company announced that it retained the services of Joseph Emas to handle the filings for the company's Form 10, and the hiring of Kevin Brinkworth to run the company operations. Mr. Brinkworth will maintain his position while the search for a new CEO takes place. The company also announced recently that it had no intentions of optioning the properties in Oklahoma and Montana, as it has changed its course in recent months to pursue more eco-friendly solutions to alternative energy development.


Xynergy Corporation is a Nevada corporation engaged in oil and gas exploration and production, the investment and development of new domestic energy saving technology along with the development of alternative energy solutions. The Company was formed with the mission of investing in producing, working wells in the hot bed regions of the US as well as natural gas drilling operations that produce rapid, low risk, solid revenue growth. Additionally the Company will invest in high probability, innovative technologies that have the potential to produce explosive growth, in order to impact its market capitalization and stock price. The Company intends to balance the need to produce profitable and sustained growth, against investing in unique, cutting edge technologies that have the potential to change the way in which the world relies on and utilizes its resources to produce energy. Currently the Company is working in both arenas to establish short term profitability and long term potential for explosive growth. The mission of Xynergy Corporation is to be a responsible, eco-friendly, global citizen that seeks to market and develop green and environmentally friendly product solutions to ensure the long term health and well being of our planet.

Cautionary note This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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