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This one should see some action tomorrow. I'll post the news in the next spot. Here is some DD. Just under 300 Million OS acording to the last 10Q. Chart looks bottomed out to me. I expect anywhere from 50-250% with this letter of intent news mainly because of the low share price. I'm not sure how long I would hold it because the letter of intent is non binding. Definately great for a daytrade. On the other hand, if the deal goes through we could see a huge jump i the PPS. Might be woth holding a little. This doesn't trade much, only one sell today. I made bank on the last two aquisitions i played (ATEG, OXFV) and while this one probly won't gain like those did, it's still a money maker.
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October 19, 2005 01:04 PM US Pacific Timezone
Xynergy Signs Letter of Intent to Acquire Assets of Fitness Nutrition & Weight-Loss Company
AVENTURA, Fla.--(BUSINESS WIRE)--Oct. 19, 2005--Xynergy Corp. (OTC:XYNY) announced today that a non-binding letter of intent had been signed to acquire the assets of a fitness nutrition and weight-loss company based out of Pompano Beach, Florida.
Due to a confidentiality agreement, Xynergy cannot reveal the name of the company at this time. According to this fitness company's 2004 tax returns, it had revenues in excess of $3.4 million. With over 1,500 sku's, it offers an array of body building, weight-loss and nutritional products. Its client base includes U.S. government agencies and international health and nutrition retailers, with a substantial client base in Latin America.
Recent statistics reveal a growth of 14% in sales for 2004, at $15.6 billion for the Sports Nutrition and Weight-loss industry. Forecasts for this industry are looking at a continued growth rate of 5-7% annually, reaching a whopping $22.8 billion in sales by 2013 in the U.S. alone. (See www.npicenter.com for further information.)
"We are extremely excited about this acquisition," stated CEO Raquel Zepeda. "Not only will it work well with our core cosmetics business, but it will give us a clear portal to introduce Raquel of Beverly Hills products in Latin America."
Subject to due diligence and other government regulatory requirements, a definitive purchase agreement may not be consummated for several weeks.
Xynergy Corporation (www.xynergycorp.com.) is a holding company for: Raquel of Beverly Hills cosmetics (www.raquelofbeverlyhills.com) and Machinations, Inc., producer of Think Blots greeting cards and related products (www.dementeddiagnosis.com). Contact: Raquel Zepeda, Xynergy Corporation, 18851 NE 29th Ave., Suite 700, Aventura, FL 33180, telephone: (305) 749-2525. (info*xynergycorp.com).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements.
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The spread on it usually wide, .0005 / .0008, wider than most, anyway. Volume is usually in the 100's of thousands. It hasn't been doing much for a long while. I seem to remember a PR about going to the OTCBB maybe 6 months to year ago. Just haven't been following it much it's been pretty dormant. Sorry can't help much.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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Thanks's for the input. This news seems pretty good. I am expecting an AM gap up. If volume comes in she will run. My order is going in at 5 AM.
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