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HydroGenetics, Inc. and Xynergy Holdings, Inc. Announce New CEO and Director; Marc Walther to Head Both Companies

New CEO to Lay Framework to Coordinate a Cooperative Development of an Alternative Energy Project as Well as Independent Efforts for Both Companies

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.