SOURCE: Kenergy Scientific, Inc.

February 28, 2011 10:00 ET

Kenergy Scientific, Inc. (Formerly SpeechSwitch, Inc.) (PINKSHEETS: KNSC) New Name; First Franchise Store Letter of Intent; Call for Additional Franchisees

FLEMINGTON, NJ--(Marketwire - February 28, 2011) - Ken Glynn, President of Kenergy Scientific, Inc. (PINKSHEETS: KNSC), today announced that the company has completed the transition to the new name, Kenergy Scientific, Inc. The new CUSIP number, SEC filings, FINRA requirements, state requirements and ticker symbol (knsc) requirements have been completed.

In other news, Ken was pleased to announce that the company has signed a Letter of Intent for the first franchise store in the United States. The LOI, with CMB Enterprises of New Hampshire, indicates that CMB has agreed in concept to open a GreenSmart™ Store in southern New Hampshire close to the Massachusetts border area. CMB indicated that it hopes to open a second store in the New Hampshire Atlantic Beach area and has asked for an option for the City of Boston and a five year Right of First refusal for the remaining territories of New Hampshire. This LOI is subject to the Offering Statement, a full franchise agreement, and attorney review. Ken stated that he has had more than 15 discussions with as many parties interested in franchising one or more GreenSmart™ Stores and that CMB is the first to move forward. There is a call at the present time for all interested potential franchisees to contact Ken, because the company is waiving the initial $ 20,000 franchise for all franchisees who sign up in the next couple of months, as an incentive to get at as many stores as possible opened this year. 

Ken also re-announced that the company has purchased an oversized GreenSmart Store booth at the Garden State GreenFest show next month and has been authorized to sell products directly to attendees. See www.gardenstategreenfest.com. The show dates are March 18, 19 and 20th at Kean University, Union, NJ, and all shareholders are welcome to attend and meet Ken.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Contact:
    Kenergy Scientific, Inc. (formerly SpeechSwitch, Inc.)
    Ken Glynn
    CEO and President
    908 788 0077

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