dynaCERT Inc. Announces Management Change, Option Grant and Filing of Shareholder Meeting Materials
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.