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Friday, April 17, 2009 12:01:59 PM
"Contacts: Red Reef Laboratories International Inc. Marc Walther CEO 1-888-716-6668 mwalther@impactfusionintl.com www.impactfusionintl.com"
Marc Walther? This Marc Walther?
http://www.reuters.com/article/pressRelease/idUS195636+23-Jan-2009+GNW20090123
"Xynergy Holdings, Inc. Shareholders Terminate CEO Marc Walther For Cause"
MIAMI, Jan. 23, 2009 (GLOBE NEWSWIRE) -- Xynergy Holdings Inc. (Pink
Sheets:XYNH) announces that its common shareholders have by overwhelming
majority voted to remove former CEO Marc Walther for cause from all positions in
the company. Ronny Halperin has been elected as interim president, director and
CEO until a permanent officer is chosen."
http://www.tradingmarkets.com/.site/news/Stock%20News/2141066/
"HydroGenetics, Inc. Shareholders Terminate CEO Marc Walther For Cause"
MIAMI, Jan 23, 2009 (GlobeNewswire via COMTEX) -- HYGN -- HydroGenetics, Inc (Pink Sheets:GEAC) announced today that under majority consent of its common stock shareholders, it has terminated all services of Marc Walther, former CEO. Ronny Halperin was voted in as interim CEO, Director and President."
http://www.tradingmarkets.com/.site/news/Stock%20News/2233271/
"HYGN and Shareholders Prevail as Judge Imposes Injunction Against Fired CEO Marc Walther "
MIAMI, Mar 20, 2009 (GlobeNewswire via COMTEX) -- HYGN -- Hydrogenetics, Inc., (Pink Sheets:HGYN) announced today that a Florida State Court Judge in Miami, Florida on March 9th granted an emergency injunction against fired CEO Marc Walther, enjoining him from acting on behalf of the company as an officer and director or making representations to this effect. In the order, the judge ruled that Walther likely would cause irreparable harm to the Company if the injunction was not entered. Walther was fired for cause from both Hydrogenetics, Inc. and Xynergy Holdings, Inc., but refused to step down from the Companies.
The Company is still pursuing damages in Miami-Dade County Florida Circuit Court Against fired CEO Walther for Breach of Fiduciary Duty and intends to seek damages and other relief based on the claim that he fraudulently and improperly issued a massive number of Preferred Shares to himself and a personal friend, Rhonda Windsor, after he was terminated by a majority of the shareholders for cause. The Company deems the preferred shares that were issued by Walther in an attempt to gain control of the Company to be void for the failure of Walter to comply with applicable law. The Company is exploring additional claims related to his acting wrongfully as CEO after being fired. "
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