SOURCE: Xynergy Corporation

March 11, 2008 08:00 ET

Xynergy Corp. Completes 2 Year Audit, Prepares to File Form 10

As Major Phase Completes, Company Focuses on Form 10 Filing by End of Week

CARSON CITY, NV--(Marketwire - March 11, 2008) - Xynergy Corporation, Inc. (PINKSHEETS: XYNG) announced today that its two year audit, necessary for the filing of a Form 10, has been completed by an independent auditing firm. The news sets the stage for the Company to file its Form 10 with the SEC, which the Company intends on doing this week in order to become a full reporting 1934 Act company.

The Company had most recently announced it was on a fast track to filing for Bulletin Board status and the completion of the audits evidences the Company's seriousness in going to the next level as an emerging public company engaged in the development of alternative energy solutions. The Company also recently announced it had acquired the intellectual property rights to several prototypes and technologies relating to the use of hydrogen power in several applications, as well as refrigeration and air conditioning technology. The Company plans on demonstrating the technology to the public in the near future and will announce specific dates in the coming weeks.

ABOUT XYNERGY CORPORATION

The Company is engaged in the development and investment of alternative energy technology and the identification, marketing and utilization of applications for such technologies. The Company has identified several business sectors that these technologies can serve, including restaurants, commercial bakeries, gas stations, and all small businesses, as well as gas engines for automobiles and boats. This technology has the potential to revolutionize the energy industry because it is believed that this technology, which uses water as a power source, is the only one in the world that can turn hydrogen into real power in a cost efficient manner, making it truly an alternative energy solution.

Cautionary Note -- This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors.

Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

Contact Information

  • For more information contact:
    Xynergy Corporation
    info@xynergyusa.com
    305-573-0836
    Mark Balbirer
    Investor Relations