Synergetic Technologies Inc. and Ad Systems, Inc. Announce The Signing of a Letter of Intent

Synergetic Technologies Inc. and Ad Systems, Inc. Announce The Signing of a Letter of Intent

SALT LAKE CITY, Jan. 24 /PRNewswire-FirstCall/ -- Synergetic Technologies Inc. and Ad Systems, Inc. announce the signing of a Letter of Intent under which the Board of Directors of Ad Systems agrees to sell Ad Systems to Synergetic Technologies in a tax free stock exchange agreement. Action is dependant on the formal approval of Ad Systems Stockholders.

Ad Systems, Inc. is a twenty year old privately held company engaged in the development and marketing of program automation and local ad insertion equipment for the cable television and broadcast markets. The merger will be a valuable step into the cable industry for SYGG. By combining the proprietary technologies and market positions of both companies, SYGG expects an additional $6,000,000 of profitable revenue in the first year of combined operations. This will increase projected revenue to $16,000,000 for 2005.

ABOUT SYNERGETIC TECHNOLOGIES INC. (SYGG)

Please go to the following web sites to view footage and information on SYGG:

http://www.adventdvr.com/, http://www.myotcbb.com/ or http://www.stockinformationsystems.com/

"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, or Paul Hutchinson,
Marketing Director, +1-801-514-5099, both for Synergetic Technologies Inc.

Web site: http://www.adventdvr.com/


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