TORONTO, Aug. 9, 2013 /CNW/ - dynaCERT Inc. (TSX-V:
DYA) ("dynaCERT" or the "Corporation") today announced
Management Changes and Provides Corporate Update.
Corporate Management Changes
dynaCERT would like to announce that Mr. Grove Bennett
will no longer be functioning as the President and Corporate
Secretary with dynaCERT Inc. The Board of Directors
wishes to thank Mr. Bennett for his years of service and wish him
well with future endeavors.
Effective Immediately Mr. Jim
Payne, CEO will assume the title and responsibilities of
President of dynaCERT.
Ms. Yumey Fernandez will assume
the title and responsibilities of Interim Corporate Secretary.
Mr. Jonathon Shepherd has
accepted the position of General Manager and will oversee the
Corporations Marketing, Sales and day-to-day Business
Operations.
Corporate Update - AltEnergy
dynaCERT would like to provide an update regarding its
announcement on April 23, 2013
regarding AltEnergy Advisors Inc.(AltEnergy).
AltEnergy continues its due diligence of our HydraGen™
technology in order to pursue negotiations and agreements in which
a third party can agree to purchase either or both the right to
manufacture the System in China
(the "Manufacturing Rights") and/or the right to distribution of
the System in China. The agreement
also indicates that dynaCERT, at its discretion may agree to
"licensing agreements" where manufacturing of the product can take
place internationally, however; dynaCERT will maintain
control and distribution of proprietary and Intellectual Property
to third parties.
dynaCERT continues to speak with the Partners at
AltEnergy and Global Partners through the due diligence process,
and remains open to exploring opportunities that are consistent
with the above agreement.
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. More
information can be found at www.dynacert.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.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of the release.
SOURCE dynaCERT Inc.