Xynergy Holdings, Inc. Acquires Simply Distribution, LLC
August 12 2010 - 8:00AM
Marketwired
Xynergy Holdings, Inc. (the "Company") (PINKSHEETS: XYNH) is
pleased to announce it has completed the transaction and acquired
Simply Distribution, LLC ("Simply"). Simply is licensed to import
and distribute food, beer, wine and distilled spirit products from
around the world. Simply is in the final stages of finalizing a
distribution agreement with a foreign company to distribute its
complete line of Organic Wines throughout the United States. It has
completed the design and manufacture of the display racks to place
throughout retailers upon the arrival of the first wine shipment.
JC Ley, Xynergy Holding's CEO states, "In addition to the
distribution agreement for the organic wines, the company has been
working on other distribution agreements and developing trademarks
that will be positive additions to the product mix, and create
revenues for the company."
About Xynergy Holdings, Inc.
Xynergy Holdings, Inc. is committed to meeting the world's
growing energy needs while also promoting environmentally conscious
business practices, sustainability and commerce. Xynergy Holdings,
Inc. is focused on promoting global commerce within the realm of a
global economy.
Safe Harbor
This press release includes statements that constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Reform Act").
Xynergy Holdings, Inc. claims the protection of the safe-harbor for
forward-looking statements contained in the Reform Act. These
forward-looking statements are often characterized by the terms
"may," "believes," "projects," "expects," or "anticipates," and do
not reflect historical facts. Specific forward-looking statements
contained in this press release include, but are not limited to:
our successful integration of diversified growth companies, impact
of the company's expansion plan, and new business development
success, future financial results, development and acquisition of
new product lines and services, the impact of competitive products
or pricing from technological changes, the effect of economic
conditions and other uncertainties. The forward-looking statements
contained herein involve risks and uncertainties that could cause
actual results to differ materially from the expectations contained
in any such, forward-looking statements. These risks include, but
are not limited to: failure to manage operating expenses or
integrate new companies and/or technologies, each of which could
have a material impact on our business, our financial results, and
the company's stock price. These risks and other factors are
detailed in the Company's filings with the U.S. Securities and
Exchange Commission and the Pink Sheets. Most of these factors are
difficult to predict accurately and are generally beyond the
Company's control. Forward-looking statements speak only as to the
date they are made and Xynergy Holdings, Inc. does not undertake to
update forward-looking statements to reflect circumstances or
events that occur after the date the forward-looking statements are
made.
Contact: Xynergy Holdings, Inc. 305-819-0452
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