Toronto, Ontario--(Newsfile Corp. - May 15, 2015) - dynaCERT Inc. (TSXV: DYA) ("dynaCERT" or the "Company") reports that further to its new release dated May 1, 2015, the Ontario Securities Commission has issued a temporary management cease trade order which is in effect until May 29, 2015. This order provides that all trading in and all acquisitions of the securities of the Company by Management, whether direct or indirect, shall cease for a period of 14 days from today's date. This order is a result of the Company's application for a management cease trade order for the delay in filing its 2014 annual audited financial statements, and its related Management's Discussion and Analysis, and Chief Executive Officer and Chief Financial Officer certifications (collectively, the "Required Filings"), which were required to be filed on or before April 30, 2015.
Field work of the audit has been completed and the company expects to file by May 29, 2015. dynaCERT also reports that there have been no material changes to the information contained in the Default Notice filed May 1st, 2015. There has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Notice. dynaCERT confirms that it intends to satisfy the requirements to provide Default Status Reports so long as it remains in default of its requirements to file its financial statements within the prescribed period of time. dynaCERT confirms that there are no insolvency proceedings against the Corporation as of the date herein. dynaCERT also confirms that there is no other material information concerning the affairs of dynaCERT that have not been generally disclosed as of the date herein.
About dynaCERT Inc.
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. This 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. This technology is currently in use with on-road applications. More information can be found at 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 the payment of amounts owing under the promissory note out of sales of Hydragen units. 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:
| James Payne, President and CEO | Investor Relations |
| dynaCERT Inc. | dynaCERT Inc. |
| (416) 766-9691 | ir@dynacert.com |
| jpayne@dynacert.com | |
