Tuesday, February 05, 2008 5:23:11 PM
Acquisition of Revolutionary Technology Sets Stage for Massive Marketing Effort
Xynergy Corporation (PINKSHEETS: XYNG) announced today it has acquired all rights to a revolutionary hydrogen splitting generator. The generator is fuelled by water and has been proven to power small businesses, including restaurants located in South Florida. Use of the generator in retail applications reduces energy consumption by an astounding 70%. The company intends on creating a retail prototype by end of summer '08 wherein it can demonstrate the prowess of its revolutionary new technology.
The deal culminates several months of talks and negotiations with the inventor, a well-esteemed engineer who has several patents and designs on many appliances and power supply units that are powered by alternative energy. It was earlier announced that the deal involving the hydrogen generator would be strictly an exclusive marketing agreement, but the company wanted more. The deal goes into effect immediately.
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