Synergetic Technologies Inc., (SYGG Pinksheets) Signs LOI to Purchase Marketing Firm

Synergetic Technologies Inc., (SYGG Pinksheets) Signs LOI to Purchase Marketing Firm

SALT LAKE CITY, Dec. 13 /PRNewswire-FirstCall/ -- SYGG is pleased to announce that a letter of Intent has been signed between SYGG and Cynergy Marketing Group.

Cynergy Marketing Group has been very active in acquiring contracts for SYGG and has expressed a desire to join forces with the company. SYGG, as part of their business plan has expressed and interest in acquiring the company and as a result the two are preparing contracts which would make Cynergy a wholly owned subsidiary of SYGG.

Upon completion of the agreement, Paul Hutchinson will become V.P. of Marketing and will join the Board of Directors. Closing scheduled for January 3rd, 2005.

ABOUT CYNERGY MARKETING GROUP

Cynergy Marketing Group has been responsible for the complete front and backend sales programs for several large companies and has been able, through it's aggressive approaches, to add tens of millions in sales to those companies. In the past Cynergy Marketing Group has offered services to it's clients that ranged from sales calls, appointment setting for both sales and installation teams, warranty reporting, fulfillment and shipping, customer satisfaction and follow-up calls. The integration of these services helps companies deliver a quality product, on time, to satisfied customers. Cynergy Marketing Group is currently developing these services for Advent Technologies Inc., and both parties to this release are pleased with the opportunities afforded them by this merger.

ABOUT SYGG

Synergetic Technologies Inc., has purchased 80% ownership of Advent Technologies Inc., a company in the business of providing technology and equipment to the DVR and Camera industries. The company owns proprietary software and firmware which allows the compression of digital information at rates as high as 2400 to 1. This allows users of the company's technology to record, store and retrieve large quantities of data in a very user friendly atmosphere. Clients consist of several large state and federal government agencies and several private sector companies that require surveillance, but in the past have had to keep extremely large quantities of video tape files, these files are now replaced with hard drive applications that are easy to store and access.

Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 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.


Source: Synergetic Technologies Inc.

CONTACT: Alexander Lindale L.L.C., +1-801-568-0336, for Synergetic
Technologies Inc.


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