MIAMI, FL -- 07/06/09 --
Xynergy Holdings, Inc (PINKSHEETS: XYNH) is
pleased to announce that it has acquired ICCA, an emerging global brokerage
and consulting firm doing business in Central and South America, and
currently brokering a 16.2 Billion Dollar Timber and Lumber deal in
Nicaragua.
In an effort to expand its scope of business, and build shareholder equity,
Xynergy Holdings has been looking toward establishing strategic alliances
with companies that are focused on
establishing global commerce. As previously stated, Xynergy's CEO, J.
Carlos Ley will continue to focus on current R&D projects, such as the
Hydro X Assist(TM) Technology, while also taking the company in a new
direction; Xynergy's acquisition of ICCA provides the company
with such an opportunity.
"This deal marks a significant shift by Xynergy toward building an
international presence," says CEO J. Carlos Ley. "This deal in particular,
wherein we can leverage our interests in alternative
energy against traditional business transactions like the 16 billion dollar
wood extraction and brokerage opportunity in Nicaragua, is exactly how we
intend on establishing our footprint in global business." Continues Ley,
"We see a lot more than just a commission, we see a business going forward
once the wood is extracted and sold."
ICCA is a company focused on Global Commerce. They have established
brokerage contracts for the exclusive representation and sale of exotic
Tropical Hardwoods from Central America into the USA, and Asia with two
different entities. It is important to note that these hardwoods were part
of the devastation caused by Hurricane Felix in 2007, and special permits
and exceptions have been made in order to salvage the large quantity and
variety of wood species devastated by
the storm. It is estimated that there is approximately $16.2 Billion worth
of wood that requires extraction from the forests.
ICCA plans on promoting the sale of the hardwoods to various global
markets, including the USA. Much of this wood can be used for high end
furniture manufacturing, as well as for construction of high end homes.
ICCA and Xynergy will look for manufacturers, and contractors to partner
with as vendors and grow this aspect of the business to bring revenue into
the company. Additionally ICCA also has ties with Spain, and has plans to
import / export consumer retail products for distribution.
About Xynergy Holdings, Inc.
Xynergy Holdings, Inc. is committed to meeting the world's growing energy
needs while also promoting environmentally conscious business practices and
sustainability. Their focus is on promoting global commerce within the
realm of a global economy.
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 Securities 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.
Contact:
Xynergy Corporation
Nicky Coachman-Robinson
305-573-0821
