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HydroGenetics, Inc.: HydroGenetics, Inc. Takes First Step in Becoming Fully Reporting 34 Act Company

^{Published on 2009-05-21 09:45:34, Last Modified on 2009-11-02 12:03:10 - Market Wire}
 

MIAMI, FL--(Marketwire - May 21, 2009) - HydroGenetics, Inc. (PINKSHEETS: [ HYGN ]) is pleased to announce today that on May 21,2009 the company engaged Jewett Schwartz Wolf & Associates to handle all of the company's accounting and SEC filings. JSW is registered with the Public Company Accounting Oversight Board (PCAOB). The PCAOB provides oversight of auditors of public companies in order to protect the interest of investors and further the public interest in the preparation of informative, fair and independent audit reports.

About HydroGenetics, Inc.

HydroGenetics, Inc. is an alternative energy company. The company's mission is to acquire and develop alternative and "green" technology companies into revenue producing, profitable businesses, utilizing investment capital and other resources including management and strategic planning to increase shareholder value. HydroGenetics, Inc.'s wholly owned subsidiary, HydroAxis Technologies, Inc., is currently developing "green hydrogen generating technology systems for any internal combustion engine," which will significantly reduce gasoline consumption in existing and new vehicles.

Forward-Looking Statements

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.