SOURCE: Kenergy Scientific, Inc.

March 29, 2011 10:30 ET

Kenergy Scientific, Inc. (Formerly SpeechSwitch, Inc.) (PINKSHEETS: KNSC) Progress Report

FLEMINGTON, NJ--(Marketwire - March 29, 2011) -  Ken Glynn, President and CEO of GreenSmart Stores and Kenergy Scientific, Inc. (PINKSHEETS: KNSC), today reported the following progress for the past month:

Garden State GreenFest at Kean University was a great success. Ken received the Garden State Green Award of 2011 for Private Citizen based on his alternative energy inventions and his creation of GreenSmart Store concepts). He also lectured on "Inventing Green" to college students and professors, and co-hosted the Solar Car Races. Sales from the triple booth were very favorable. About 70% of attendees were wowed by at least one product, sales buy-rate exceeded expectations and the experience revealed surprising consumer preferences, data that will influence future shows and the new store layout. GreenSmart Store will attend at least four new Green Expos in the next two months.

GreenSmart Store of Flemington, New Jersey continues to progress. Architectural submissions are completed and store shelving has been purchased, as well as thousands of product units now in inventory. Outdoor signage is being planned as is billboard advertising. The Grand Opening is scheduled for July 7th, with promotions on July 8th, 9th and 10th. A number of non-competing businesses have requested in-store commissioned promotions and/or a Grand Opening Co-Promotion.

Franchising is moving forward, as the New Hampshire and Boston franchise discussions continue. Ken was approached by newly interested potential franchisees after the GreenFest exposure, and preliminary discussions are under way for Red Bank, New Jersey; Morris County, New Jersey and Atlantic City, New Jersey. Ken will meet with a group of Atlantic City investors on Friday and will then attend the International Franchising Expo this weekend in Washington, DC.

Completion of the I Won It Live Agreement is expected shortly and co-marketing plans are in progress.

The 2010 annual 10K is filed today with the SEC. This keeps the company totally current, with no caveat emptor on the horizon.

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