Business
Dynamic Announces Share Offering
Dynamic Announces Share Offering
About this update from Dynacert Inc.
[{"type":"text","content":"\nDynamic Announces Share Offering\n\n\n Apr. 27, 2009 (Baystreet.ca) -- PICKERING, ONTARIO -- 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.\n\nAbout Dynamic Fuel Systems Inc. \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. \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 to secure and maintain strategic rela...