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.