Xynergy Holdings, Inc. Looking for an Independent Facility to Test Fuel Economy (MPG)
February 22 2011 - 7:00AM
Marketwired
Xynergy Holdings, Inc. (the "Company") (PINKSHEETS: XYNH) announces
that it has painstakingly been looking for the right facility that
has the capabilities to test the "Second Generation Goliath Fuel
Cell." So far we have contacted the EPA's National Vehicle and Fuel
Emissions Laboratory as well as many other testing facilities
nationwide. It is important to note that many of these facilities
that have sophisticated reliable equipment and dynamometer testing
are not capable of completing the Mile per Gallon (MPG) test for
the Diesel powered engine with an on demand hydrogen fuel cell.
Such is the case for the last testing facility where they were only
capable of providing the emissions report. JC Ley comments, "The
test must be conducted to the appropriate standards and the results
be objectively provided by utilizing the proper equipment. It's not
like everyone that has a Dyno has the level of sophistication or
equipment that is needed to correctly test our unit/vehicle for
MPG. We have been working as diligently as possible to find the
suitable testing facility and there is no doubt that we will find
the right place, in time, that fits our needs. As soon as one is
identified and we are able to schedule a test with that facility,
we will communicate to our shareholders."
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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