Xynergy Corp
OTCReporter.com: XYNG - " Featured Company " gains 1850% the last three trading sessions !!
2/20/2008
Feb 20, 2008 (M2 PRESSWIRE via COMTEX News Network) --
The OTCReporter.com's " Featured Company ", Xynergy Corp.(OTCPK:XYNG), has a pps gain of 1850% the last three trading sessions. Opening at .002 last Friday morning, shares of XYNG hit a trading high of .009 before closing at .008, a closing gain of 300%. On Tuesday, shares of XYNG closed at .015, a closing gain of 87.5%. As of 10:15 am on Wednesday, shares of XYNG have hit a trading high of .039, a gain of 160%. The pps move from .002 on Friday to .039 on Wednesday shows an accumulative gain of 1850%. Volume has been consistently strong the last three sessions. The move in XYNG has been driven by the latest news release. The following is an edited version of that news release.
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Xynergy Corporation (PINKSHEETS: XYNG) announced today it has acquired the intellectual property, marketing and patent rights to a revolutionary prototype air conditioning system which eliminates the need for specialty technical service, operates without gas, reduces energy consumption by an estimated 30% and requires significantly less space than traditional air conditioning or refrigeration units in homes and industry. The deal was signed this afternoon and grants the Company 100% of all rights. The company has been in negotiations with the inventor for several months, which culminated with the signed deal giving the inventor a significant equity stake in the company. The terms of the deal were not disclosed.
"This development will go down in history as our flagship moment," says Chief Operating Officer Kevin Brinkworth. "This technology is perhaps the most advanced, ecologically and economically efficient ever invented for this purpose and has the potential to impact every phase of our lives. This should send a message to big business that true entrepreneurialism exists in the small business sector and they had better wake up. This is a great day for the planet."
The Company expects to have several working prototypes for several consumer applications in the coming months and will announce dates for public demonstration.
ABOUT XYNERGY CORPORATION:
The company is engaged in the development and investment of alternative energy technology and the identification, marketing and utilization of applications for such technologies. The company has identified several business sectors that these technologies can serve, including restaurants, commercial bakeries, gas stations, and all small businesses, as well as gas engines for automobiles and boats. This technology has the potential to revolutionize the energy industry because it is believed that this technology, which uses water as a power source, is the only one in the world that can turn hydrogen into real power in a cost efficient manner, making it truly an alternative energy solution.
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