/ CORRECTION - HydroGenetics, Inc.
May 22 2009 - 6:25PM
Marketwired
In the news release, "HydroGenetics, Inc. Takes First Step in
Becoming Fully Reporting 34 Act Company," issued Thursday, May 21,
2009, by HydroGenetics, Inc. (PINKSHEETS: HYGN), we are advised by
the company of the following three changes. First, the subheadline
should read "Selects JSW as Accounting Firm" rather than "Retains
JSW as Accounting Firm" as originally issued. Also, the first
sentence of the first paragraph should read "HydroGenetics, Inc.
(PINKSHEETS: HYGN) is pleased to announce today that on May 21,
2009 the company has selected Jewett Schwartz Wolfe &
Associates as their independent auditors" rather than
"HydroGenetics, Inc. (PINKSHEETS: HYGN) is pleased to announce
today that on May 21, 2009 the company engaged Jewett Schwartz Wolf
& Associates to handle all of the company's accounting and SEC
filings" as originally issued. Lastly, the first paragraph should
be split into two paragraphs after that first sentence rather than
written as one paragraph as originally issued. Complete corrected
text follows.
HydroGenetics, Inc. Takes First Step in Becoming Fully Reporting
34 Act Company
Selects JSW as Accounting Firm
MIAMI, FL -- May 21, 2009 -- HydroGenetics, Inc. (PINKSHEETS:
HYGN) is pleased to announce today that on May 21, 2009 the company
has selected Jewett Schwartz Wolfe & Associates as their
independent auditors. We are subject to the audit firm performing
their client acceptance procedures and finalizing a mutually
agreeable engagement letter.
JSW is registered with the Public Company Accounting Oversight
Board (PCAOB). The PCAOB provides oversight of auditors of public
companies in order to protect the interest of investors and further
the public interest in the preparation of informative, fair and
independent audit reports.
About HydroGenetics, Inc.
HydroGenetics, Inc. is an alternative energy company. The
company's mission is to acquire and develop alternative and "green"
technology companies into revenue producing, profitable businesses,
utilizing investment capital and other resources including
management and strategic planning to increase shareholder value.
HydroGenetics, Inc.'s wholly owned subsidiary, HydroAxis
Technologies, Inc., is currently developing "green hydrogen
generating technology systems for any internal combustion engine,"
which will significantly reduce gasoline consumption in existing
and new vehicles.
Forward-Looking Statements
Statements in this press release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments, and other statements that are not
descriptions of historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking information
is inherently subject to risks and uncertainties, and actual
results could differ materially from those currently anticipated
due to a number of factors, which include but are not limited to,
risk factors inherent in doing business. Forward-looking statements
may be identified by terms such as "may," "will," "should,"
"could," "expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "forecasts," "potential," or "continue,"
or similar terms or the negative of these terms. Although we
believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
levels of activity, performance or achievements. The company has no
obligation to update these forward-looking statements.
Contact: HydroGenetics, Inc. 305-576-5778
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