KNSC Commences Major Management Directors And Busi

KNSC Commences Major Management Directors And Business Model Changes

Jul 02, 2013 (ACCESSWIRE via COMTEX) -- Flemington, NJ, (eTeligis via Accesswire) July 2, 2013 - Kenergy Scientific, Inc. (OTCQB: KNSC) is using this opportunity to bring attention to certain recent filings (8k) including this announcement that it secured certain complex financing via the sale of preferred shares. The new majority preferred shareholder, and stakeholder Mina Mar Group Inc, a Canadian based M&A and IR firm has provided significant support in terms of both personnel and resources.

- Effective June 30, 2013 Ken Glynn has resigned from his positions at Kenergy Scientific, Inc. (KNSC), including President and Chairman of the Board,

- Ken Moser has simultaneously resigned from the Board of Directors.

- KNSC had already divested itself of the GreenSmart Store, sold off inventory at a price slightly above costs, and had divested itself of the alternative energy and biobandage patents and applications, also for a price above costs.

These transactions cleared the way for new business model for KNSC, It also reduced the corporate debt and unburdened the company of efforts that were generating losses.

In other company news and events, shortly the company intends to release the names CV and accolades of the entire new management, and the entire new board of directors. In the following days and weeks the company also intends to unveil its new business model, revenues, assets, forward guidance and introduction of the new CEO and front office staff. A focus group is currently exploring various new corporate names to better reflect the company's future business model.