dynaCERT Appoints Former President of Cummins Diesel Canada, Michael Christodoulou, as Business/Marketing Advisor
June 08 2017 - 7:30AM
dynaCERT Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) ("dynaCERT" or
the "Company") is pleased to announce that Michael Christodoulou,
the former President of Cummins Eastern Canada LP and Cummins
Diesel of Canada, is joining the Advisory Board as a
Business/Marketing Advisor.
Mr. Christodoulou has over 30 years of extensive
experience and vast knowledge working with major North American
trucking companies. He held the position of President and Principal
of Cummins Eastern Canada LP for 15 years, Executive Director of
PACCAR Business, Cummins Inc. and was President of Cummins Diesel
of Canada for over seven years. Mr. Christodoulou has a superior
track record within the trucking industry and has developed
excellent industry affiliations with global transportation
companies and all the major truck OEM’s.
Mr. Christodoulou was formerly on the Global
Distributor Advisory Council for Cummins Power Generation, was the
Chairman of the Canadian Association of Equipment Distributors, and
the VP and Board Member of the Associated Equipment Dealers. He is
a Member of the Canadian Trucking Alliance, and has been a member
of the Ontario, Quebec and the Atlantic Provinces Trucking
Associations. Mr. Christodoulou is a former member of Cummins
Distribution Council and was the Co-Chair of Cummins Bus
Council.
Jim Payne, President & CEO of dynaCERT,
states, “We are very pleased to have an individual of Mr.
Christodoulou’s calibre join dynaCERT’s Advisory Board. The
depth of industry knowledge and customer affiliations that Mr.
Christodoulou brings will be a major asset to the Company.”
Michael Christodoulou states, "I am very excited
about my new affiliation with dynaCERT. I look forward to
working with our people to help users of diesel engines work
better. This technology will reduce fuel consumption, operating
costs and help preserve our environment by emitting less
emissions. It is compact and affordable and has a very short
payback period. I trust that it will be considered by many
organizations who will recognize the benefits of this
technology."
dynaCERT announces the receipt of $1 million
from Mr. Christodoulou as a strategic partner in the business. This
funding was a private placement of 1,176,471 units at a price of
$0.85 per unit. Each unit is comprised of one common share in the
capital of the Company and one-half of one common share purchase
warrant, with each whole warrant being exercisable into one Common
Share at a price of $1.25 for a two-year period from the date of
issuance. The warrants include an acceleration clause to the effect
that if at any time after four months and one day following the
issuance of the warrants, the closing trading price of the Common
Shares on the TSX Venture Exchange (the "Exchange") is greater than
$2.00 per Common Share for a period of ten consecutive trading
days, then dynaCERT may give notice to the holder of the warrants
of its intention to force the exercise of the warrants, following
which the holder thereof shall have a period of 30 days to exercise
the warrants, failing which the warrants will automatically
expire.
About dynaCERT Inc.dynaCERT
Inc. manufactures, distributes, and installs Carbon Emission
Reduction Technology for use with internal combustion
engines. Our patent-pending technology creates hydrogen and
oxygen on-demand through electrolysis and supplies these additives
through the air intake to enhance combustion, resulting in lower
carbon emissions and greater fuel efficiency. Our technology
is currently in use with on-road applications. Website:
www.dynaCERT.com.
READER ADVISORYExcept for
statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable
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characterized by words such as "plan", "expect", "project",
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of results, testing programs and results, negotiations with third
parties concerning potential business transactions, and the timing
of certain going forward projects. Although we believe that
the expectations reflected in the forward-looking information are
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performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same,
in whole or in part, as those set out in the forward-looking
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Forward-looking information is based on the
opinions and estimates of management at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
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cause the results to differ materially from those expressed in the
forward-looking information include, but are not limited to:
uncertainty as to whether our strategies and business plans will
yield the expected benefits; availability and cost of capital; the
ability to identify and develop and achieve commercial success for
new products and technologies; the level of expenditures necessary
to maintain and improve the quality of products and services;
changes in technology and changes in laws and regulations; the
uncertainty of the emerging hydrogen economy; including the
hydrogen economy moving at a pace not anticipated; our ability to
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list of risk factors should not be construed as
exhaustive.
The forward-looking information contained in
this news release is expressly qualified by this cautionary
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forward-looking information to conform such information to actual
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required by applicable securities legislation. Readers are
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On Behalf of the Board
Murray James Payne, CEO
For more information, please contact:
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
(416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
(416) 766-9691 x 1
ir@dynaCERT.com
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