SOURCE: Xynergy Corp.

July 06, 2006 08:00 ET

Xynergy Corporation Announces Board & Stockholder Approval of Reverse Stock Split

AVENTURA, FL -- (MARKET WIRE) -- July 6, 2006 -- Xynergy Corp. (PINKSHEETS: XYNC) announced today that through approval of the Board of Directors and majority shareholders, it has filed a 14C Preliminary Statement with the Securities and Exchange Commission to affect a 100:1 reverse stock split of its common stock. Commencing on July 6, 2006, the Company will trade under the symbol XYNC, previously XYNY.

This action was taken to facilitate the Company's ability to restore a stable trading share price, improve the Company's ability to raise additional capital, and execute its business plan. For further information, go to www.xynergycorp.com/XYNSECFILINGS.htm.

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