OTCReporter Featured Company: Xynergy Corporation (XYNG.PK) Announced Acquisition of Prototype Air Conditioning System
Xynergy Corporation (OTC:XYNG.PK) announced today that it has acquired the intellectual property, marketing and patent rights for a revolutionary prototype air conditioning system. The system eliminates the need for specialty technical service, doesn't require gas for operation, reduces energy consumption by 30%, and takes up less physical space. The signing of the deal took place yesterday afternoon, and grants Xynergy 100% of all rights. The negotiations have been going on for the past several months, and gave the inventor a significant equity stake in the company, but the terms of the deal have not been disclosed. The Company expects to…