Dynamic Announces Share Offering
April 27 2009 - 6:51PM
Marketwired
Dynamic Fuel Systems Inc. (TSX VENTURE: DYA) ("Dynamic" or the
"Corporation") is pleased to announce that it has received
subscriptions for an aggregate of $590,000 of common shares at a
price of $0.10 per share in accordance with previously filed price
protection materials. Completion of this offering is subject to
approval by the TSX Venture Exchange. The proceeds from this
offering will be used for research and development, sales and
marketing and for general working capital purposes.
About Dynamic Fuel Systems Inc.
Dynamic Fuel Systems Inc. is a Pickering, Ontario based energy
sector company engaged in the manufacture, distribution,
installation and marketing of a transportable hydrogen generator
retrofit targeted for use in the heavy tractor trailer industry.
Its flagship product, the Jetstar(TM), is a patent-pending
aftermarket retrofit solution that provides combustion enhancement
by mixing hydrogen and oxygen into a vehicle's intake air to
provide the engine with a more complete burn of the fuel in its
internal combustion engine. Its business was founded in 2001 and
more information about its products can be viewed at its website at
www.dynamicfuel.com.
This release includes forward looking statements, which are
based on certain assumptions and reflects management's current
expectations. These forward looking statements are subject to a
number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Some of
these factors include: general global economic conditions; general
industry and market conditions and growth rates; uncertainty as to
whether our strategies and business plans will yield the expected
benefits; increasing competition; 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; changes in laws and regulations,
includes codes and standards, intellectual property rights, and tax
matters; the uncertainty of the emerging hydrogen economy;
including the hydrogen economy moving at a pace not anticipated;
our ability to secure and maintain strategic relationships and
distribution agreements. The Corporation disclaims any intention or
obligation to update or revise any forward looking statements,
whether as a result of new information, future events or
otherwise.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Dynamic Fuel Systems Inc. Jerry Solensky Jr. President
and CEO 905-831-2440 www.dynamicfuel.com
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