Sunergy, Inc. (fka SNEY)

[tradersrule]

THIS EXPLAINS IT ALL:

In the interest of transparency the Company wishes to share this communication to clarify the situation in an open handed manner. Many shareholders have expressed fears of delisting and other actions and as all can see, that is not one of the options. The Company's PR dated December 14, 2010 is restated in part as follows: "Its Board of Directors has resolved to commence reporting on the Pink Sheets and has undertaken to complete and file its 10K for December 31, 2009 and the 10Q's for 2010 along with The 10K for December 31, 2010. Once all filings are complete, the Company will re-apply to list on the OTCBB. By way of explanation, Sunergy failed to file its 10K for December 31, 2009 in a timely manner because of a $40,000 debt with its auditor BDO in Vancouver, Canada. The Company was then downgraded to the Pink Sheets for a period of 1 year as of April 30, 2010. That debt was settled in August 2010 and the Company is in the process of completing its financial statements with the help of a new audit firm and a new accounting firm in the US. The Company is eligible to return to the OTCBB as of May 2011. In the interim, the Company will begin the reporting process with the Pink Sheets immediately to ensure a better level of transparency.

GOOD STUFF TO COME!!