Revolutionary Invention Will Eliminate Need For Mechanical Service, Has No Compressor, Reduces Energy Costs and Consumption By 30%, and Does Not Operate On Gas
CARSON CITY, NV--(MARKET WIRE)--Feb 13, 2008 -- Xynergy Corporation (Other OTC:XYNG.PK - News) announced today it has acquired the intellectual property, marketing and patent rights to a revolutionary prototype air conditioning system which eliminates the need for specialty technical service, operates without gas, reduces energy consumption by an estimated 30% and requires significantly less space than traditional air conditioning or refrigeration units in homes and industry. The deal was signed this afternoon and grants the Company 100% of all rights. The company has been in negotiations with the inventor for several months, which culminated with the signed deal giving the inventor a significant equity stake in the company. The terms of the deal were not disclosed.
"This development will go down in history as our flagship moment," says Chief Operating Officer Kevin Brinkworth. "This technology is perhaps the most advanced, ecologically and economically efficient ever invented for this purpose and has the potential to impact every phase of our lives. This should send a message to big business that true entrepreneurialism exists in the small business sector and they had better wake up. This is a great day for the planet."
The Company expects to have several working prototypes for several consumer applications in the coming months and will announce dates for public demonstration.
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.
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