XYNH Xynergy Holdings Inc (CE)

Xynergy Holdings, Inc. (the "Company") (PINKSHEETS: XYNH) announced today it has signed a Letter of Intent to acquire Simply Distribution, LLC ("Simply"). Simply has a license to import and distribute food and beer, wine and distilled spirit products from Central and South America and Europe. It will focus its distribution on Latin and ethnic stores throughout South Florida.

Under the terms of the Letter of Intent, Simply will become a wholly owned subsidiary of Xynergy Holdings. Simply will continue its ongoing operations under current management to expand its market distribution and product offerings over the next years to its target market in South Florida and beyond. Simply is currently negotiating additional product offering agreements that management of the Company believes will bring a wider variety of food, beverage and other products to its portfolio.

According to Xynergy Holdings CEO, J.C. Ley, "The acquisition fits within the Company's plans to expand its operations and scope of business beyond energy solutions, as it will create a revenue based business poised for growth and development." The company intends to continue testing the on demand hydrogen cell on diesel engines, and is currently testing the second-generation cell on a Ford diesel engine. Ley further comments, "R & D does not generate revenues. It is imperative that the business generates cash flow, so that we can continue funding the hydrogen project, and other business endeavors. Simply's infrastructure and possession of a Federal Importer / Wholesaler license for beer, wine, and distilled spirits should allow the company to build a substantial revenue stream over time."

In connection with its acquisition of Simply, the Company has retained an auditing firm and securities counsel to file a registration statement with the Securities and Exchange Commission and to become fully reporting. To that end, the Company is currently being audited and hopes to file with the SEC within the upcoming weeks.

Mr. Ley commented, "Retaining counsel and auditors is the first step in the Company becoming a fully reporting company." Mr. Ley continued, "We are pleased to have begun this process, which we believe will enhance shareholders' value."

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. Its focus is 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