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Company Expects to Announce Imminent Public Demonstration of Prototype, Form 10 Will Be Revised to Include Breaking Developments
CARSON CITY, NV--(Marketwire - March 26, 2008) - 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.