SOURCE: Xnergy, LLC

March 16, 2006 14:35 ET

Xnergy, LLC Acquires and Merges the Stonecutter Group, LLC

LOS ANGELES, CA -- (MARKET WIRE) -- March 16, 2006 -- Xnergy, a Century City based boutique investment banking firm, announced today that it has acquired the Stonecutter Group, a Santa Clarita Valley based management and finance consulting firm. The acquisition and merger combines the resources of two growing firms and establishes a presence for Xnergy in the Santa Clarita Valley.

Resulting from the acquisition and merger, Xnergy has added Mr. Alan D. Lewis II to its management team as a Partner. Mr. Lewis specializes in strategic planning and capital formation. The firms Managing Partner is Ms. Nia Stefany, who specializes in corporate finance, mergers and acquisitions, and public offerings.

Mr. Lewis compliments Xnergy's team as he has extensive experience in entrepreneurship and corporate finance. Prior to joining Xnergy, Mr. Lewis served as an executive of CorpHQ, Inc., a publicly traded (pk) business incubator. Prior to joining CorpHQ, Mr. Lewis founded Native Holdings, LLC, a Los Angeles based residential real estate investment and development firm. Mr. Lewis began his career in corporate finance when he founded DotCom Ventures, LLC; subsequently sold it to Peacock Financial Corporation, a smaller publicly traded (otcbb) business development corporation; restructured DotCom into a technology investment banking firm, and served as its CEO.

"The Stonecutter Group's principal, Mr. Lewis, has an impressive track record, client base, and network. Mr. Lewis and I have worked together for almost a decade, and when we met to discuss our merger, knew it was long overdue," comments Ms. Stefany, who continued by saying, "Our merger provides a valuable proposition, as our combined reach, knowledge base, and resources will further enhance our ability to assist our clients with growing their businesses."

About Xnergy LLC

Xnergy LLC is a boutique investment banking firm specializing in raising capital, facilitating public offerings and mergers and acquisitions for early stage and growth companies. Xnergy services both private and public companies, but particularly specializes in filling the gap between early stage and middle market companies by providing expert business and financial advisory services for these typically under-serviced businesses. The firm provides business services to several foreign corporations assisting them with breaking into the US market. This worldwide network, coupled with our personalized approach to service delivery, ensures that we intimately understand each client's business and industry and provide optimal results. For more information, please visit our Web site at www.xnergy.biz.

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