SOURCE: Xynergy Corporation

February 26, 2008 08:07 ET

Xynergy Corporation Fast Tracks Form 10 Filing to Achieve Full Reporting Status

The Company Has Expedited Audits and Filings in Effort to File Its Form 10 Early Next Week; The Company Intends to Hire Special Outside SEC Counsel as Interim CEO to Oversee Process

CARSON CITY, NV--(Marketwire - February 26, 2008) - Xynergy Corporation (PINKSHEETS: XYNG) announced today it is on a fast track to becoming a fully reporting '34 act company by expediting its audits and filing its Form 10. The decision to rush this important filing with the Securities and Exchange Commission stems from the Company's acquisition of revolutionary technology in the alternative energy sector as reported last week. The Company recently announced it had acquired 100% of all intellectual property and marketing rights to revolutionary alternative energy technology that has proven to operate small gas powered engines with a small percentage of gasoline and water with a simple conversion apparatus the Company intends on marketing shortly. Also the Company acquired refrigeration and air conditioning technology that has proven to reduce the energy consumption required to operate current units by an astounding 30% thereby creating a true alternative to existing air conditioning and refrigeration energy costs.

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