MIAMI, FL, May 22 (MARKET WIRE) --
In the news release, "HydroGenetics, Inc. Takes First Step in Becoming
Fully Reporting 34 Act Company," issued Thursday, May 21, 2009, by
HydroGenetics, Inc. (PINKSHEETS: HYGN), we are advised by the company of
the following three changes. First, the subheadline should read "Selects
JSW as Accounting Firm" rather than "Retains JSW as Accounting Firm" as
originally issued. Also, the first sentence of the first paragraph should
read "HydroGenetics, Inc. (PINKSHEETS: HYGN) is pleased to announce today
that on May 21, 2009 the company has selected Jewett Schwartz Wolfe &
Associates as their independent auditors" rather than "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" as originally issued. Lastly,
the first paragraph should be split into two paragraphs after that first
sentence rather than written as one paragraph as originally issued.
Complete corrected text follows.
HydroGenetics, Inc. Takes First Step
in Becoming Fully Reporting 34 Act Company
Selects JSW as Accounting Firm
MIAMI, FL -- May 21, 2009 -- HydroGenetics, Inc. (PINKSHEETS: HYGN) is
pleased to announce today that on May 21, 2009 the company has selected
Jewett Schwartz Wolfe & Associates as their independent auditors. We are
subject to the audit firm performing their client acceptance procedures
and finalizing a mutually agreeable engagement letter.
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.
Contact:
HydroGenetics, Inc.
305-576-5778
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