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Enter Symbol
or Name
USA
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DynaCERT Inc
Symbol DYA
Shares Issued 232,938,517
Close 2017-06-07 C$ 0.83
Market Cap C$ 193,338,969
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DynaCERT names Christodoulou business/marketing adviser

2017-06-08 10:23 ET - News Release

Mr. Jim Payne reports

DYNACERT APPOINTS FORMER PRESIDENT OF CUMMINS DIESEL CANADA, MICHAEL CHRISTODOULOU, AS BUSINESS/MARKETING ADVISOR

Michael Christodoulou, the former president of Cummins Eastern Canada LP and Cummins Diesel of Canada, is joining DynaCERT Inc.'s advisory board as a business/marketing adviser.

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 at Cummins, and was president of Cummins Diesel of Canada for over seven years. Mr. Christodoulou has a superior record within the trucking industry and has developed excellent industry affiliations with global transportation companies and all the major truck original equipment manufacturers.

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 vice-president and board member of 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 the Cummins distribution council and was the co-chair of the Cummins bus council.

Jim Payne, president and chief executive officer 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."

Mr. 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 financing was a private placement of 1,176,471 units at a price of 85 cents per unit. Each unit comprises 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 is greater than $2 per common share for a period of 10 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 manufactures, distributes and installs carbon emission reduction technology for use with internal combustion engines. The company's 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. The company's technology is currently in use with on-road applications.

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