dynaCERT
Appoints Former President of Cummins Diesel Canada, Michael Christodoulou, as
Business/Marketing Advisor
TORONTO,
June 08, 2017 (GLOBE NEWSWIRE) -- dynaCERT
Inc. (TSX VENTURE:DYA) (OTCQB:DYFSF) ("dynaCERT"
or the "Company") is pleased to announce that Michael Christodoulou,
the former President of Cummins Eastern Canada LP and Cummins Diesel of Canada,
is joining the Advisory Board as a Business/Marketing Advisor.
Mr.
Christodoulou has over 30 years of extensive experience and vast knowledge working
with major North American trucking companies. He held the position of President
and Principal of Cummins Eastern Canada LP for 15 years, Executive Director of
PACCAR Business, Cummins Inc. and was President of Cummins Diesel of Canada for
over seven years. Mr. Christodoulou has a superior track record within the
trucking industry and has developed excellent industry affiliations with global
transportation companies and all the major truck OEM’s.
Mr.
Christodoulou was formerly on the Global Distributor Advisory Council for
Cummins Power Generation, was the Chairman of the Canadian Association of
Equipment Distributors, and the VP and Board Member of the Associated Equipment
Dealers. He is a Member of the Canadian Trucking Alliance, and has been a member
of the Ontario, Quebec and the Atlantic Provinces Trucking Associations. Mr.
Christodoulou is a former member of Cummins Distribution Council and was the
Co-Chair of Cummins Bus Council.
Jim
Payne, President & CEO of dynaCERT,
states, “We are very pleased to have an individual of Mr. Christodoulou’s
calibre join dynaCERT’s Advisory
Board. The depth of industry knowledge and customer affiliations that Mr.
Christodoulou brings will be a major asset to the Company.”
Michael
Christodoulou states, "I am very excited about my new affiliation with dynaCERT. I look forward to working with
our people to help users of diesel engines work better. This technology will
reduce fuel consumption, operating costs and help preserve our environment by
emitting less emissions. It is compact and affordable and has a very short
payback period. I trust that it will be considered by many organizations who
will recognize the benefits of this technology."
dynaCERT announces the receipt of $1
million from Mr. Christodoulou as a strategic partner in the business. This funding was a private
placement of 1,176,471 units at a price of $0.85 per unit. Each unit is
comprised of one common share in the capital of the Company and one-half of one
common share purchase warrant, with each whole warrant being exercisable into
one Common Share at a price of $1.25 for a two-year period from the date of
issuance. The warrants include an acceleration clause to the effect that if at
any time after four months and one day following the issuance of the warrants,
the closing trading price of the Common Shares on the TSX Venture Exchange (the
"Exchange") is greater than $2.00 per Common Share for a period of
ten consecutive trading days, then dynaCERT
may give notice to the holder of the warrants of its intention to force the
exercise of the warrants, following which the holder thereof shall have a
period of 30 days to exercise the warrants, failing which the warrants will
automatically expire.
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.
Website: 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
Murray James Payne, CEO
For more information, please contact:
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
(416) 766-9691 x 2
[email protected]
Investor
Relations
dynaCERT Inc.
Nancy
Massicotte
(416) 766-9691 x 1
[email protected]