TSX-V Symbol: DYA
TORONTO,
Aug. 23, 2013 /CNW/ - dynaCERT
Inc. (TSX-V: DYA) ("dynaCERT" or the "Corporation")
announces that Mr. David Sikkema has
stepped down from his position as Chief Operating Officer of
dynaCERT. Mr. Sikkema continues to serve on the Board
of Directors for dynaCERT and has entered into a Consulting
Agreement with the Corporation in connection with the ongoing
contribution by Mr. Sikkema of his time and skills in the areas of
Product Development, Customer Support and Field Services. The
Consulting Agreement is for a term of one year (renewable for a
further four year term) and compensates Mr. Sikkema on an hourly
basis at a rate of $35/hr., together
with 100,000 Options, which have been granted to Mr. Sikkema and
are exercisable at a price of $0.17
for a period of 5 years.
The Corporation also announces that it has filed
its Management Proxy Circular and related materials in connection
with its upcoming Annual and Special Meeting of Shareholders, which
is scheduled for 11:00 a.m. (Eastern
time) on Friday, September 27,
2013 at Ambiance Banquet Hall, 501 Alliance Avenue,
Toronto, Ontario, Canada M6N
2J1.
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
Forward Looking Information
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, including 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.