Hydrogenetics, Inc. Announces Plans To Move To The Over-The-Counter Bulletin Board

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HydroGenetics, Inc. (PINKSHEETS: HYGN) CEO, Marc Walther, announced today, the company intends to file its Form-10 registration statement with the Securities and Exchange Commission by the first week in January.

HydroGenetics, Inc. (PINKSHEETS: HYGN) CEO, Marc Walther, announced today, the company intends to file its Form-10 registration statement with the Securities and Exchange Commission by the first week in January. HydroGenetics also intends have a broker/dealer apply for an Over-the-Counter Bulletin Board, (OTCBB) listing subsequent to the filing of the Form-10 registration statement. Mr. Walther further states, "This is an exciting time for HydroGenetics and our shareholders as we are initiating our acquisition strategy in the alternative energy arena. We are currently looking at several acquisitions in the biodiesel industry of which are profitable and employ 'green' technology, turning waste products into 'green' biodiesel."

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:
Mark Balbirer, Investor Relations
305-572-9850

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