SOURCE: Pink OTC Markets Inc.

October 14, 2008 09:24 ET

Synergy Brands, Inc. Joins OTCQX

NEW YORK, NY--(Marketwire - October 14, 2008) - Pink OTC Markets Inc., the leading electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities, today announced that Synergy Brands, Inc. (PINKSHEETS: SYBR) (OTCQX: SYBR), a grocery distributor and manufacturer of baking mixes, spices, dinner kits, and stuffing mixes has joined OTCQX.

Investors can find real-time quotes, disclosure, and financial information about Synergy Brands at www.otcqx.com and www.pinksheets.com under the ticker "SYBR."

"We are pleased to add Synergy Brands to OTCQX," said Cromwell Coulson, Chairman and CEO of Pink OTC Markets Inc. "With OTCQX, Synergy Brands can continue to trade on a respected market tier while providing credible disclosure through a process customized for smaller companies. We are proud to add Synergy Brands to our growing list of OTCQX issuers."

Synergy brands had indicated in a prior news release that it expects that as a result of the move to OTCQX from the Nasdaq, it will save approximately $500,000 annually while continuing to provide transparency and full disclosure to its public shareholders. The Law Offices of Randall J. Perry, in Rutherford, NJ, will act as Synergy Brand's Attorney Designated Advisor for Disclosure (DAD).

About Synergy Brands, Inc.

The core operations of Synergy Brands include the baking mix manufacturing operation in Michigan, operated by Quality Food Brands, which is owned by PHS Group and the grocery and HBA business located in NY. The Company's spice business is also nationally distributed through its Michigan facilities and manufactured for PHS group through a co-packing arrangement in China. The Company's packaged meal business is also distributed through the Company's Michigan distribution center and manufactured under a co-packing arrangement in North Dakota. The Company expanded its Michigan operations to 110,000 square feet in two facilities located in Monroe, Michigan. The Company combines the distribution of nationally recognized brands together with private label brands and proprietary products. For more information visit the company's website at www.sybr.com

About OTCQX

OTCQX offers a highly visible and efficient market tier for reputable companies trading over-the-counter. OTCQX closes the credibility gap by creating the only listing process on the OTC, but also offers companies a choice to be SEC reporting or meet OTCQX's alternative disclosure process, which is typically less expensive and onerous than full SEC reporting.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. provides the leading inter-dealer electronic quotation and trading system in the over-the-counter (OTC) securities market, with innovative technology and data solutions to efficiently connect market participants, improve price discovery, increase issuer disclosure, and better inform investors. Pink OTC Markets operates the third largest U.S. equity trading venue which includes both the elite OTCQX market tiers for strong OTC-traded companies that can satisfy financial and disclosure listing standards and Pink Sheets for all other OTC quoted securities.

Over 230 financial service firms, including the ten largest U.S. investment banks, actively make markets in OTCQX, Pink Sheets quoted securities, and in 2007, these firms traded over $160 billion of OTCQX and Pink Sheets securities. Pink OTC Markets offers widespread access to all U.S. broker-dealers, enabling investors to seamlessly trade these securities through their institutional, online, or full service brokers.

Pink OTC Markets is headquartered in New York City.

To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.pinksheets.com and www.otcqx.com or contact us at info@pinkotc.com.

Contact Information

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