Xynergy Holdings, Inc. Subsidiary, Simply Distribution, LLC, Signs Distribution Agreement With Growing Durable Medical Equipment
October 28 2010 - 10:15AM
Marketwired
Xynergy Holdings, Inc. (the "Company") (PINKSHEETS: XYNHD)
announced today that its wholly owned subsidiary, Simply
Distribution, LLC ("Simply") signed a distribution agreement with
Medico Express, Inc ("Medico"). Medico is a fully accredited and
licensed Medicare mail order durable medical equipment provider,
with patients in all fifty states. Medico is committed to
identifying critical care products that improve its patients'
quality of life, and delivering these products directly to its
patients' home in a timely manner, as prescribed by their primary
care physician. Medico makes Medicare fully accessible to its
patients by eliminating bureaucratic roadblocks and upfront payment
barriers for obtaining benefits.
Simply president Evelio Ley comments, "As a young distribution
company we are looking for strategic relationships with business
partners that allow us to expand our reach across the country." The
contract with Medico allows for the shipping of all ancillary and
diabetic products sold by it through Simply. Simply is not required
to own the product, but to initially be a shipping partner. Medico,
also a young company in its first seven months of operation, has
billed Medicare over 1.2 million dollars for its shipped medical
equipment and has grown its patient base to over 3,100 Part B
eligible Medicare recipients. Evelio Ley furthers comments, "The
ability of Simply to expand its client base so quickly since its
acquisition demonstrates that the decision to acquire us because of
our revenue generating ability will allow Xynergy to move forward
with its other business objectives."
About Medico Express, Inc
Medico Express, Inc is a uniquely positioned provider of
direct-to-consumer Medicare reimbursed medical products, focused
exclusively on chronic diseases afflicting the rapidly growing
diabetic community. Medico serves the healthcare market as a
direct-to-consumer Medicare provider on a national level. The
Company's focus is the distribution of products for the treatment
of Type II diabetes specifically because of the disproportionate
impact and increasing diagnosis rate. It was also targeted because
of its unique status within the Medicare reimbursement regime and
diabetes high degree of correlation to other chronic conditions
such as high blood pressure and heart disease.
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 Holding's,
focus 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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