Xynergy Corporation Appoints New President, and Chief Technology Officer.Business Editors BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif.--(BUSINESS WIRE)--May 23, 2002 Xynergy Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : XYNY) announced today that the Board of Directors has elected Edward A Rose, Jr. as the new President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the parent company, as well as the Chief Operations Officer of Corporate Space Power & Electric, Inc. ("CSPIE"). Mr. Rose is a licensed attorney, as well as a licensed CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , and has a great deal of experience in Satellite Communications, as well as Operations Management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. . It should also be noted that he has served as the President of Border Motor Parts, Inc., which is a $3 million dollar per year warehouse distributor of automotive parts, located in Calexico, California. "I am very happy to be elected as the new President & CEO of Xynergy, as well as the COO of Corporate Space Power & Electric, Inc. My primary objective is to increase the profitability of the parent and all subsidiaries, while maximizing shareholder value", said Mr. Rose. The company also announced that Mr. Howard Foote has been appointed as Chief Technology Officer for Xynergy Corporation, and has been elected to Xynergy's Board of Directors. He will continue to serve as the President of "CSPIE". Mr. Foote, the creator of "CSPIE", and it's revolutionary solar power innovation, has been working in space energy transport systems and other innovative technologies since the late 1980's. Mr. Foote holds several patents in the fields of aircraft design and power transmission. A true pioneer in his field, Mr. Foote is considered to be one of the most visionary engineers in wireless power transmission. Xynergy Corporation is a holding company for the following companies: Corporate Space Power Industries, Inc., Raquel of Beverly Hills, Inc., Think Blots greeting cards (www.dementeddiagnosis.com), and Web Marketing Network, Inc. (www.TargetPlanet.com). Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. For Investor inquiries, please call or write to the company. Contact Christopher Dove Telephone 866-433-6944 Xynergy Corporation 269 So. Beverly Drive, Suite 938 Beverly Hills, Ca. 90212 |
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