Xynergy Holdings, Inc. Announces Acquisition of International Center of Commerce of the Americas (ICCA)
July 06 2009 - 5:35AM
Marketwired
Xynergy Holdings, Inc (PINKSHEETS: XYNH) is pleased to announce
that it has acquired ICCA, an emerging global brokerage and
consulting firm doing business in Central and South America, and
currently brokering a 16.2 Billion Dollar Timber and Lumber deal in
Nicaragua.
In an effort to expand its scope of business, and build
shareholder equity, Xynergy Holdings has been looking toward
establishing strategic alliances with companies that are focused on
establishing global commerce. As previously stated, Xynergy's CEO,
J. Carlos Ley will continue to focus on current R&D projects,
such as the Hydro X Assist(TM) Technology, while also taking the
company in a new direction; Xynergy's acquisition of ICCA provides
the company with such an opportunity.
"This deal marks a significant shift by Xynergy toward building
an international presence," says CEO J. Carlos Ley. "This deal in
particular, wherein we can leverage our interests in alternative
energy against traditional business transactions like the 16
billion dollar wood extraction and brokerage opportunity in
Nicaragua, is exactly how we intend on establishing our footprint
in global business." Continues Ley, "We see a lot more than just a
commission, we see a business going forward once the wood is
extracted and sold."
ICCA is a company focused on Global Commerce. They have
established brokerage contracts for the exclusive representation
and sale of exotic Tropical Hardwoods from Central America into the
USA, and Asia with two different entities. It is important to note
that these hardwoods were part of the devastation caused by
Hurricane Felix in 2007, and special permits and exceptions have
been made in order to salvage the large quantity and variety of
wood species devastated by the storm. It is estimated that there is
approximately $16.2 Billion worth of wood that requires extraction
from the forests.
ICCA plans on promoting the sale of the hardwoods to various
global markets, including the USA. Much of this wood can be used
for high end furniture manufacturing, as well as for construction
of high end homes. ICCA and Xynergy will look for manufacturers,
and contractors to partner with as vendors and grow this aspect of
the business to bring revenue into the company. Additionally ICCA
also has ties with Spain, and has plans to import / export consumer
retail products for distribution.
About Xynergy Holdings, Inc.
Xynergy Holdings, Inc. is committed to meeting the world's
growing energy needs while also promoting environmentally conscious
business practices and sustainability. Their focus is on promoting
global commerce within the realm of a global economy.
Safe Harbor Disclosure:
This press release includes "forward-looking statements" within
the meaning of the federal securities laws, commonly identified by
such terms as "believes," "looking ahead," "anticipates,"
"estimates" and other terms with similar meaning. Although the
Company believes that the assumptions upon which its
forward-looking statements are based are reasonable, it can give no
assurance that these assumptions will prove to be correct.
Important factors that could cause actual results to differ
materially from the Company's projections and expectations are
disclosed in the Company's filings with the Securities and Exchange
Commission. All forward-looking statements in this press release
are expressly qualified by such cautionary statements and by
reference to the underlying assumptions.
Contact: Xynergy Corporation Nicky Coachman-Robinson
305-573-0821
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