Business
Dynamic Announces Option Grants
Dynamic Announces Option Grants
About this update from Dynacert Inc.
[{"type":"text","content":"Dynamic Announces Option Grants\n\n\n\nDynamic Announces Option Grants\n\nPickering, Ontario CANADA, October 28, 2008 /FSC/ - Dynamic Fuel Systems Inc. (DYA - TSX Venture), announces the grant of an aggregate of 2,105,000 options to acquire common shares in the capital of Dynamic at a price of $0.14 to certain officers, directors, consultants and employees of Dynamic. Such options (and the common shares exercisable upon exercise) are exercisable for a period of 5 years from the date of grant and will be subject to applicable securities law hold periods.\n\nAbout Dynamic Fuel Systems Inc.\n\nDynamic 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. \n\nThis 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 ...