Sync2 Entertainment Corporation
OTC Bulletin Board : SYTO

May 05, 2009 09:00 ET

Sync2 Entertainment Terminates Agreement and Refocuses

LAS VEGAS, NEVADA--(Marketwire - May 5, 2009) - Sync2 Entertainment Corporation ("Sync2" or the "Company") (OTCBB:SYTO) has announced that earlier this month, as reflected in its filings, has cancelled its agreement to buy Sync2 Agency. Sync2 Agency had previously made an agreement to purchase certain property, assets and undertakings of a Canadian web development firm.

"In our plan to build an online entertainment company, we were under the belief that there was a need for in house strategic and creative web development services," commented John Moore, Board Member. "In the end we realized that this was not the most strategic way to grow our digital entertainment company and we will soon re-launch our company and our brand as a pure content company," adds Moore.

Sync2 Entertainment is also announcing that subject to Nasdaq and regulatory approval the company will be changing its name to iGen Networks.

About Sync2 Entertainment Corporation

Sync2 Entertainment Corporation (SYTO) is positioning itself to become a significant market player in the popular digital entertainment sector by pursuing a plan to build a global online entertainment company.

Legal Notice Regarding Forward Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

Contact Information

  • Sync2 Entertainment Corporation
    Ms. Niki Liapis
    Investor Relations Contact
    702.308.9502