Synergy Brands Provides Corporate Update

SYOSSET, N.Y., Jan. 30, 2011 (GLOBE NEWSWIRE) -- Synergy Brands Inc. (Pink Sheets:SYBR), (a Delaware corporation) (the "Company"), and two of its subsidiaries, PHS Group Inc. (a Pennsylvania corporation) and SYBR.com Inc. (a New Jersey corporation), filed on January 28, 2011 voluntary petitions for bankruptcy under Chapter 7 of Title 11 of the United States Bankruptcy Code ("Bankruptcy Code") in the United States Bankruptcy Court, Eastern District of New York, Central Islip.

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Under Chapter 7 of the Bankruptcy Code, the Court is expected to appoint one or more Trustees to liquidate the aforementioned entities. It is expected that the Company or its Trustee will issue another press release identifying the Trustee and the related contact information. All matters concerning the Company and each of the two subsidiaries named above should be directed to the appropriate appointed Trustee.

The Company also operates Quality Food Brands, Inc. (a Nevada corporation), in Monroe Michigan, which is currently operating as a going concern. The filings do not involve Quality Food Brands, Inc.

For Subscribers

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FOR SUBSCRIBERSCornell rape allegation spotlights stringent New York state laws that have long drawn criticism

FOR SUBSCRIBERSThe debate over AI’s future rages on both coasts

FOR SUBSCRIBERSDecades-old march dispute reignites in Northern Ireland, threatening political crisis

Forward Looking Statement/Legal Clause:

This release contains forward-looking statements with respect to the business operations and strategy of the Company and its subsidiaries, including the expected appointments and future public information concerning the Company and its subsidiaries. Such forward-looking statements are subject to inherent risks and uncertainties that may cause actual results or events to differ materially from those contemplated by such forward-looking statements.

CONTACT: Mitchell Gerstein 516-714-8200 ir@syber.com