SOURCE: Xynergy Corporation
January 22, 2008 08:00 ET
Xynergy Corporation Selects Boulder, Colorado as Site for Flagship Hydrogen Powered Restaurant
Company Outlines Plan for Corporate Expansion of Restaurant Chain Powered by Hydrogen
CARSON CITY, NV--(Marketwire - January 22, 2008) - Xynergy Corporation (PINKSHEETS: XYNG)
announced today it has selected Boulder, Colorado as the site for its
flagship restaurant, anticipated to open sometime this summer. The
restaurants will have a "green" theme, and be powered by revolutionary
generators featuring hydrogen power. The company is planning on designing
the restaurant in such a way as to make the generators a focal point of the
interior of each restaurant so as to highlight the technology.
Boulder has long been associated with green, eco-friendly consumers and is
a natural launching site for the Xynergy flagship restaurant. Rock Bottom
Brewery, Old Chicago's Pizza, Spicy Pickle, and Noodles and Company are
examples of national restaurant chains originating in Boulder. Xynergy
Corporation is counting on its as yet un-named chain to enjoy the same
fate. "We will announce the name of our flagship restaurant in the coming
weeks. We can only say that it will be a water themed restaurant and it
will be powered by water. This is a truly revolutionary concept and as such
will be handled with the utmost sensitivity relative to the release of
information. Stay tuned," says Kevin Brinkworth, the company Chief
Operating Officer.
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. The company recently
announced that it has retained the services of Joseph Emas to file its form
10 for the purposes of becoming a fully reporting 1934 Act company.
Preparations for the audit of the company's books and records has begun,
and the company hopes to become fully reporting within 120 days.
Cautionary note This report contains forward-looking statements,
particularly those regarding cash flow, capital expenditures and investment
plans. Resource estimates, unless specifically noted, are considered
speculative. By their nature, forward-looking statements involve risk and
uncertainties because they relate to events and depend on factors that will
or may occur in the future. Actual results may vary depending upon
exploration activities, industry production, commodity demand and pricing,
currency exchange rates, and, but not limited to, general economic factors.
Cautionary Note to U.S. investors: The U.S. Securities and Exchange
Commission specifically prohibits the use of certain terms, such as
"reserves" unless such figures are based upon actual production or
formation tests and can be shown to be economically and legally producible
under existing economic and operating conditions.