SOURCE: Xynergy Corp.

May 12, 2006 10:00 ET

Raquel of Beverly Hills Set to Tap Hispanic Market

BEVERLY HILLS, CA -- (MARKET WIRE) -- May 12, 2006 -- Xynergy Corp. (OTC: XYNY) subsidiary Raquel of Beverly Hills (www.raquelofbeverlyhills.com) announced today that it has set its priority to complete financing for its cosmetics product line that targets Hispanic consumers.

"Current market trends are creating an awareness of the enormity of this market within the financial communities, and we are well positioned to reap benefits from these conditions," stated CEO Raquel Zepeda. According to recent articles, some venture funds now even employ Hispanic managers who are familiar with this culture. "It would be a great personal joy for me not to have to explain to another 'suit' what a great name 'Sabor A Mi' is for a fragrance," further commented Ms. Zepeda. "Treading from $700 billion to $1 trillion in spending power within the next two years, it's no wonder Wall Street is finally turning its pretty little head toward the Hispanic market."

The Company is also announcing that its acquisition of Fitness Web has been canceled. Completion of the due diligence process ascertained that the acquisition would not be in the best interests of the Company and its shareholders. Further, a feasibility study revealed that investment in its cosmetics subsidiary, Raquel of Beverly Hills, would produce a superior return on investment.

Xynergy Corporation (www.xynergycorp.com) is a holding company for: Raquel of Beverly Hills cosmetics (www.raquelofbeverlyhills.com), and Machinations, Inc., producer of Shrink Blotz greeting cards and related products (www.dementeddiagnosis.com).

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements.

Contact Information

  • Contact:
    Raquel Zepeda
    Xynergy Corporation
    18851 NE 29th Ave., Suite 700
    Aventura, FL 33180
    Telephone: (305) 749-2525
    (Email Contact)