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From: jmhollen	10/17/2005 11:45:19 AM
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Nanergy Responds to Complaints Regarding Momentum Marketing 10/17/2005 7:30:01 AM NEW YORK, Oct 17, 2005 (BUSINESS WIRE) -- Nanergy Inc. ("Nanergy") (OTC Other: NNGY), announced today that it has been receiving complaints from recipients of faxes that were purportedly disseminated by Momentum Marketing. The fax purports to describe Nanergy's business and predicts future performance of the Company's stock. Management of the Company unequivocally disclaims authorship of the fax. The Company has no relationship with Momentum Marketing and has not authorized anyone to provide any such information to the public. The Company is actively and vigorously investigating this matter and is consulting with counsel to determine what legal actions and recourse are available to it to prevent renegade entities from engaging in further unauthorized and unsanctioned activities. About Nanergy Inc. Nanergy Inc. is a developmental stage company headquartered in New York City, with offices near Princeton, NJ at 4260 Rt 1, Suite 7, Monmouth Junction, NJ 08852 as well as in Hungary. Its focus is on developing exciting consumer products that harness nanotechnology, and especially photovoltaic nanofilms, while conducting ongoing research in storing hydrogen using carbon nanotubes. Its new corporate website is still being developed but is available for viewing at nanergyinc.com. SOURCE: Nanergy Inc. DeMonte Associates Cynthia DeMonte, 212-605-0525 cdemonte@aol.com .

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