Exergetic Energy, Inc. is Submitting Application for OTC Bulletin Board

DETROIT, July 27, 2011 /PRNewswire/ -- Exergetic Energy, Inc. (EEI) (Pinksheets: XNGR - News), an integrated energy supply company, announced that it is submitting an application for the OTC Bulletin Board® (OTCBB). In conjunction, EEI is withdrawing its current Securities and Exchange Commission (SEC) registration Form S-1 with the intention to resubmit at a future date.

"Exposure is critical to the company's growth," said Clarence McCollum, CEO of Exergetic Energy, Inc. "Being listed on the OTC Bulletin Board is a positive move towards significantly increasing EEI's exposure to investors and the public."

EEI recently signed a $10 million drawdown equity financing agreement with Auctus Private Equity Fund, LLC ("Auctus"), a Boston-based institutional investor, and still plans to use these funds to help underwrite the construction of a 1.5MW solar farm facility in Desoto County, Florida as well as complete the prototype development of the company's proprietary solar inverter technology.

Additionally, McCollum said, "Auctus has indicated that they continue to remain committed to EEI and are excited about the company's prospects. Auctus also feels that their Drawdown Equity Financing Facility could be very beneficial to EEI's growth going forward."

About Exergetic Energy, Inc.

Exergetic Energy, Inc. is a holistic energy company that is focused on reducing its customers Carbon Footprint. The company's strengths are core engineering and research within the renewable energy sector. With the acquisition of SSI, Exergetic Energy, Inc. is working on capitalizing on both the renewable and non-renewable energy supply business sectors. Located in Detroit's Tech Town, EEI develops, markets, and manufactures low cost components for energy systems, while providing clients with "Energy Solutions of Tomorrow, Today…"

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations include, but are not limited to revenues and earnings, technology efficacy, strategies, and plans are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Contact: Vanessa Newton
Exergetic Energy Investor Relations
[email protected]
(313) 309-4169

www.exergeticenergy.com
440 Burroughs Street, Suite 386
Detroit, MI 48202

SOURCE Exergetic Energy, Inc.