
March 10, 2017
TSX.V: DYA
OTCQB: DYFSF

dynaCERT Directors
and Major Shareholders Extend
Voluntary Lock-Up Agreement; Increases to Over 72 Million Shares and it
Strengthens Management Team
TORONTO,
ON--(Marketwired – March 10, 2017) - dynaCERT
Inc. (TSX VENTURE: DYA) (OTCQB:
DYFSF) ("dynaCERT" or the
"Company") is pleased to announce that certain major shareholders
including directors of the company have extended the formal strategic Voluntary
Lock-Up Agreement and increased the total from 55,000,000 in September 2016 to
over 72,000,000 shares effective immediately. The Voluntary Lock-Up Agreement
stipulates that these shareholders shall not assign, deal in, pledge, sell,
trade or transfer in any manner whatsoever, or agree to do so in the future,
any of the shares or any beneficial interest in them, on or before July 31,
2017. This undertaking will be construed in accordance with and governed by the
laws of the Province of Ontario and the laws of Canada applicable in Ontario.
dynaCERT’s President and CEO, Jim Payne,
states, “The directors and major shareholders that have entered into this voluntary lock-up agreement are
reconfirming their long-term commitment and confidence in dynaCERT’s ability to increase shareholder value as they continue
to ramp up production and sales growth.”
dynaCERT announced that its Chief Financial
Officer and Corporate Secretary, Yumey Fernandez, has resigned due to personal reasons effective March 3,
2017. The company has appointed Mr. Terrence MacDonald, CPA, CA, as Chief
Financial Officer and Corporate Secretary effective March 8, 2017. Mr. Khoa
Tran, B.A., has also joined the dynaCERT team
as the Director of Finance.
"I
would like to thank Ms. Fernandez, who has been an integral part of dynaCERT for more than four years, for
making this transition as smooth as possible and wish her continued success in
her future endeavors," says President and CEO, Jim Payne.
Mr.
MacDonald, CPA, CA, is a Chartered Professional Accountant with over 30 years’
experience in the financial, technology and resource sectors including major
international experience in Europe and Asia, including 20 years working with
Ernst & Young and KPMG. His extensive experience with public company
financial reporting and regulatory compliance will be a major benefit for dynaCERT. He was previously an audit
partner (with a mid-sized accounting firm) where he provided accounting, audit
and transaction services to a diverse group of public companies. Mr. MacDonald
also has significant experience in mergers and acquisitions, financial
restructuring and strategic planning.
Mr. Tran,
B.A., has over 20 years of financial reporting and accounting experience. This
includes over 15 years in management positions in world class global businesses
for manufacturing and service environments. He has expertise in cost
accounting, financial analysis and reporting, variance analysis and government
reporting. Mr. Tran was previously the Director of Finance for a mid-sized
manufacturing company and Controller for various mid-sized and Fortune 500
automotive and manufacturing companies with international offices.
"Mr.
MacDonald and Mr. Tran bring a wealth of experience to our company and will be
very valuable as dynaCERT rapidly
expands." says Jim Payne. "They are both excellent additions to our
team."
This month dynaCERT has received approval from The
Depository Trust Company ("DTC") of New York, NY and is now DTC
eligible under the symbol DYFSF.
DTC
eligibility allows dynaCERT shares to
be more easily and economically transferred between brokerage accounts
electronically within the United States. DTC is the largest securities
depository in the world, providing clearing and settlement efficiencies for
brokers, as well as various other services.
DTC
eligibility simplifies trading of dynaCERT
shares on the OTCQB market making them accessible to an even broader range of
investors and assists in increasing the liquidity and convenience of trading
shares within the U.S. dynaCERT will
continue to trade on the TSX Venture stock exchange under its existing symbol
DYA.
The Annual
General and Special Meeting of Shareholders (AGM) will be held at 11:00 am on
Friday, March 24th, 2017 at the Banquet Hall located
adjacent to the dynaCERT offices at
501 Alliance Avenue. Management will be presenting our growth opportunities and
business plan, including the introduction of special guest speakers. Following,
there will be a tour of our research and development area and the new manufacturing
facilities.
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.
READER ADVISORY
Except for statements of historical
fact, this news release contains certain "forward-looking
information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as
"plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may"
or "will" occur. In particular, forward-looking information in this
press release includes, but is not limited to periodic updates of results,
testing programs and results, negotiations with third parties concerning
potential business transactions, and the timing of certain going forward
projects. Although we believe that the expectations reflected in the
forward-looking information are reasonable, there can be no assurance that such
expectations will prove to be correct. We cannot guarantee future results,
performance or achievements. Consequently, there is no representation that the
actual results achieved will be the same, in whole or in part, as those set out
in the forward-looking information.
Forward-looking information is based
on the opinions and estimates of management at the date the statements are
made, and are subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from those
anticipated in the forward-looking information. Some of the risks and other
factors that could cause the results to differ materially from those expressed
in the forward-looking information include, but are not limited to: uncertainty
as to whether our strategies and business plans will yield the expected
benefits; 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 and changes in laws and regulations; 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; and the other risk factors disclosed
under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be
construed as exhaustive.
The forward-looking
information contained in this news release is expressly qualified by this
cautionary statement. We undertake no duty to update any of the forward-looking
information to conform such information to actual results or to changes in our
expectations except as otherwise required by applicable securities legislation.
Readers are cautioned not to place undue reliance on forward-looking
information.
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.
On Behalf of the Board
M.E. James Payne, CEO &
President
For more information, please contact:
Jim Payne, CEO &
President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
(416)
766-9691 x 2 jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
(416)
766-9691 x 1 ir@dynaCERT.com