
President Obama Encouraging the Initiation of Carbon Credit Trading in the U.S.
Dynamic Applications Seeks to Facilitate Private Carbon Credit Generating Projects
JERUSALEM, Israel, April 14, 2010 /PRNewswire-FirstCall/ -- Dynamic Applications Corp. (OTCBB: DYAP), a facilitator of carbon credit generating projects, is encouraged by President Barack Obama's proposed initiative to institute a carbon credit trading program within the United States.
Carbon credit trading is a growing and lucrative field which encourages the reduction of green gas emissions by industrial entities. President Obama has encouraged an open carbon trading market in the U.S., that the President hopes will reduce overall greenhouse gas emissions while generating significant earnings for the economy.
A recent article in Bloomberg (http://tinyurl.com/bloomberg-carbon-credit ) notes that "President Barack Obama's budget plan assumes $78.7 billion in revenue in 2012 from the sale of greenhouse-gas emission permits to polluters."
The article goes on to note that "the Congressional Budget Office estimates the revenue generated from such a system could ultimately range from $50 billion to $300 billion a year."
Dynamic Application's business model is to finance private emission reduction projects that in-turn generate carbon credits. Dynamic Applications then participates in the sale of the newly generated carbon credits on the open carbon trading market.
"Dynamic Applications is keeping close watch on President Obama's proposed initiative to create a lucrative carbon credit trading market in the United States," said Asher Zwebner, Chief Financial Officer of Dynamic Applications.
"Our company has identified the carbon trading market as a multi-billion dollar industry, with tremendous growth potential and minimal competition," Zwebner added. "We are well positioned in this market that features relatively few companies that are able to generate carbon credits by financing private emissions reduction projects."
Forward-Looking Statements
This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of Dynamic Applications Corp., and its technologies. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated. Dynamic Applications Corp. public filings may be viewed at http://www.sec.gov.
Contact:
CFO, Asher Zwebner
[email protected]
+972-54-464-6363
SOURCE Dynamic Application Corp
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