SOURCE: Kenergy Scientific, Inc.

May 23, 2011 14:15 ET

Kenergy Scientific, Inc. (Formerly SpeechSwitch, Inc.) (PINKSHEETS: KNSC) Reverse Split in Progress

FLEMINGTON, NJ--(Marketwire - May 23, 2011) - Ken Glynn, President and CEO of GreenSmart Stores and Kenergy Scientific, Inc. (PINKSHEETS: KNSC), today reported that a Form 8K Report to the SEC will be filed tomorrow to report the reverse split of the Company's Class A stock in the ratio of one new share for every 800 shares currently authorized, including issued and unissued. Pending review by FINRA, the Company anticipates an effective date of May 31, 2011. Contrary to some speculation, Ken assured the shareholders that he has not sold a single share of Company stock owned by him since he has become an officer and that none will be sold in anticipation of the reverse split. Ken further indicated that with renewed GreenSmart Store franchising interest from a number of diverse parties for possible franchise stores around the country, the imminent opening of the first company store, the success of product sales at various greenfair forums, the approval of three new dealerships for the Company over the past two weeks and the recent linking arrangements for the expanded website, the future for the company appears to be very bright.

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