Hydrogenetics Inc (HYGN)

[Halada]

May 21, 2009, 12:32 p.m. EST

HydroGenetics, Inc. Takes First Step in Becoming Fully Reporting 34 Act Company
Retains JSW as Accounting Firm

MIAMI, FL, May 21, 2009 (MARKETWIRE via COMTEX) -- HydroGenetics, Inc. (PINKSHEETS: HYGN) is pleased to announce today that on May 21,2009 the company engaged Jewett Schwartz Wolf & Associates to handle all of the company's accounting and SEC filings. JSW is registered with the Public Company Accounting Oversight Board (PCAOB). The PCAOB provides oversight of auditors of public companies in order to protect the interest of investors and further the public interest in the preparation of informative, fair and independent audit reports.

About HydroGenetics, Inc.

HydroGenetics, Inc. is an alternative energy company. The company's mission is to acquire and develop alternative and "green" technology companies into revenue producing, profitable businesses, utilizing investment capital and other resources including management and strategic planning to increase shareholder value. HydroGenetics, Inc.'s wholly owned subsidiary, HydroAxis Technologies, Inc., is currently developing "green hydrogen generating technology systems for any internal combustion engine," which will significantly reduce gasoline consumption in existing and new vehicles.