SOURCE: Xynergy Corporation

November 06, 2007 08:00 ET

Xynergy Corporation Announces DEBT FREE Status, Tightly Held Share Structure, Becoming Fully Reporting

Announcement Comes on Heels of Solid Market Debut

CARSON CITY, NV--(Marketwire - November 6, 2007) - Xynergy Corporation (PINKSHEETS: XYNG) announces debt free status and plans of becoming a fully reporting company. The announcement comes on the heels of a 6% increase in stock price on 227,000 shares of trading Monday.

With an ambitious agenda for 2007-08 and beyond, the energy company believes OTC Bulletin Board status will assist its ability to achieve short term and long term goals more quickly and effectively. XYNG is working diligently toward completing the necessary audits and will move expeditiously to file the appropriate documents with the SEC to achieve this important milestone.

"Xynergy is pleased to reveal that our company is completely debt free and expects to remain so," says CEO Christopher Balseiro. "The tradable float of XYNG is currently 1,400,000 shares and there are no immediate plans of dilution. We're expecting momentum resulting from dramatically increased revenues projections in our core divisions over the next 12 - 24 months."

"Based on projected revenues and numerous projects currently in development we feel our stock is undervalued. More announcements and updates will be forthcoming in short order," continued Balseiro.


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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