HydroGenetics, Inc. and Xynergy Holdings, Inc. Announce New CEO and Director; Marc Walther to Head Both Companies
September 23 2008 - 3:08PM
Marketwired
HydroGenetics, Inc. (PINKSHEETS: GEAC) and Xynergy Holdings, Inc.
(PINKSHEETS: XYNH), two emerging companies with similar alternative
energy development goals, announced today the appointment of Marc
A. Walther as Chief Executive Officer and Director. Mr. Walther
will coordinate the development of several projects currently
underway in both companies. This will include, but will not be
limited to, the recently announced joint venture between the two
companies in the development of a hydrogen reactor originally
developed by Xynergy Holdings.
The Companies announced yesterday that they have agreed to share
technology and developmental resources to perfect and bring to
market a hydrogen reactor closed loop system, HydroAxis, that has
been prototyped and installed in a 2003 Chevy Silverado truck for
base line testing.
"As the new CEO of both companies, I am extremely excited about
the vision and progress already in place. I am confident that I
will be able to lead them through the challenges that lie ahead in
bringing their respective technologies, ideas and prototypes to
market," says new CEO Marc Walther. "I am committed to leading both
HydroGenetics, Inc. and Xynergy Holdings to their respective
visions, objectives and goals."
Marc Walther is a recognized leader, innovator, engineer and
patent holder, including one that is currently licensed by Ford
Motor Company, and has served at the highest levels of management
for both private and public companies. Throughout the years, Mr.
Walther has held titles such as President, CEO, CFO & Chairman
of the Board. He has extensive experience in moving technologies
from proof in concept to commercial utilization. He also held the
title of President of the Abrasive Engineering Society of Detroit.
He has owned and operated manufacturing plants in both the United
States and Canada and has over 30 years of entrepreneurial
management experience in all aspects of the distribution and metal
machining industry. He is known for being an innovative leader who
is results oriented.
About HydroGenetics, Inc.
HydroGenetics, Inc. is in the business of acquiring and
operating emerging businesses both in the alternative energy
sector, as well as the entertainment field. It is the company's
mission to incubate these emerging companies into revenue
producing, profitable businesses utilizing investment capital and
other resources including management and strategic planning for the
benefit of its business units. HydroGenetics, Inc. owns HydroAxis
Technologies, Inc., a wholly owned technology development company
and also has an entertainment division which oversees and owns
Pacific Lights Entertainment Inc. and Hilarity Films.
About Xynergy Holdings, Inc.
Xynergy Holdings, Inc. is committed to changing the landscape of
power generation by unveiling several new technologies using
alternative energy sources for the use in consumer, retail and
small business applications. With its hydrogen splitting generator,
Xynergy intends on becoming a leader in green, economically
friendly energy production with a special eye on the consumer.
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 Security 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.
For more information or investor questions contact:
HydroGenetics, Inc. Mark Balbirer 1-305-572-9850
Info@hydrogeneticsusa.com http://www.hydrogeneticsusa.com Pacific
Lights Entertainment Inc. & Hilarity Films Jeffrey Ross
305-576-8007 Info@pacificlightsentertainment.com
http://www.pacificlightsentertainment.com
Xynergy (CE) (USOTC:XYNH)
Historical Stock Chart
From Jul 2024 to Aug 2024
Xynergy (CE) (USOTC:XYNH)
Historical Stock Chart
From Aug 2023 to Aug 2024