Miami Beach, FL, October 19, 2007 --(PR.com
)-- Synesi, Inc. (Pinksheets: SYNS) management announced that the Board of Directors unanimously decided to change the Company name to Carefree Group, Inc. to reflect the diversifying interests of the Company and the expansion of the Carefree Brand throughout the travel, aviation, automotive, yachting, entertainment, and real estate industries.
The Company name had previously been slated to change to Carefree Elite, Inc.. Upon executing a letter of intent to acquire Aviation Flight Services last week, the Board filed for the name change to Carefree Group, Inc. The name change is effective in the State of Delaware, and the Company awaits its new trading symbol from the NASDAQ.
“The name Carefree Group, Inc. better reflects our aggressive vision of branded growth throughout related industries. We are presented with many opportunities that we are exploring as we continue to fold profitable, industry-related assets into the Carefree Group,” commented Carefree Group, Inc. President Anthony Marotta.
About Carefree Group, Inc.: Carefree Group’s Carefree Elite® delivers an unsurpassed experience of luxury in accommodation, travel, entertainment, personal security, and premiere concierge services to its elite clientele. Members enjoy unrivaled privileges through the exclusive use of Carefree’s inventory of luxury properties, exotic cars, yachts, private aircrafts, and superior concierge services and amenities.
For more information visit www.carefreeelite.com, www.carefreelifestyle.com, and www.aviationfs.com.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.