XYNG came out with some news today. I bailed too and bought something else that I'm more happy with. Should I buy back in? Would you buy back in? If this goes through The stock will go on Fire and be
HOT Check out the news. Good buy in though G. Would be good for anyone with this news.
Xynergy Corporation Announces Successful Development of Hybrid Generator That Uses 75% Water and Only 25% Gas
8:01a ET March 26, 2008 (Market Wire)
Xynergy Corporation, Inc. (PINKSHEETS: XYNG) announced today it has developed a working generator that utilizes 75% water, and just 25% gas, thereby reducing the fossil fuel requirements of many engines. Company management believes this new technology will be able to retrofit a multitude of gas engines, including engines for the boating and automotive industry, as well as generators used to power business and households. By creating power supply with just a quarter of the gas used in typical engines, management anticipates that the end user will see a decrease in 75% of its fueling costs. The Company has not yet determined the retail price of the unit. It does expect to have several models available for a variety of uses and power requirements.
"This is a material development for Xynergy and as such, we will revise the upcoming Form 10 to encompass the business expectations and potentiality of our hybrid generator. This is potentially a globally impacting invention," says Interim CEO Joseph Emas.
The Company expects to announce the date in which it will demonstrate the generator to select investors and media in the coming days, and will video record the generator in action, working in several applications. The video will be streamed on its website for the public to witness.
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.
For more information contact: Xynergy Corporation
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305-573-0836 Mark Balbirer Investor Relations
SOURCE: Xynergy Corporation
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