TORONTO, ONTARIO -- (Marketwired) -- 03/24/14 -- dynaCERT Inc. (TSX VENTURE: DYA) ("dynaCERT" or the "Corporation") announces the appointment of Wayne Hoffman as Chairman of the Board of Directors (the "Board"), replacing Wilf Wikkerink who has exemplarily served as Chairman of the Board since 2010 and has chosen to resign from dynaCERT's board to concentrate on his other business endeavours.
Mr. Hoffman is a Chartered Accountant with strong financial and governance background who served as Vice-President, Finance at John Deere Limited for 25 years and President of John Deere Credit for over 8 years. Wayne Hoffman has been a member of dynaCERT's Business Advisory Committee since October 2007 and served as President of the Corporation from 2009 to 2010.
dynaCERT is also pleased to announce the appointment of Larry Cyna to the Board while extending its most sincere thanks to Dave Sikkema, who is stepping down from the board after five years of devoted service. Mr. Sikkema remains committed to dynaCERT's success by working under a Consulting Agreement in connection with his ongoing contribution in the areas of Product Development, Customer Support and Field Services.
The new appointed director, Mr Cyna, at present is serving as a chairman of the Board of directors of Telehop Communications Inc (TSXV), as director of Argentum Silver Corp (TSXV), as director of Trillium North Minerals Ltd (TSXV) and has previously served on the Boards and in executive positions of a number of TSX and TSXV companies. He has served and currently serves on the Advisory Committee of junior mining companies on the TSXV. He is CEO of a capital funding company, has extensive experience in the management and operations of companies, is familiar with the public markets and is a former member of The Institute of Corporate Directors. His qualifications include certificates and appointments as a Mediation and Arbitration, Risk Management, and completion of certain CSI Securities Courses.
"I wish to personally thank both Wilf Wikkerink and Dave Sikkema for the commitment and hard work that they have put into the company over the years and wish them great success in their ventures," states Mr. Jim Payne dynaCERT President and CEO. "I would also like to express a warm welcome to both Wayne Hoffmann and Larry Cyna for joining the board and thank them for their believe and shared vision of the possibilities and direction of dynaCERT. I feel confident in the experience and collective intelligence shared by our board and look forward to their input."
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.
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 negotiation of a formal purchase and sale agreement in connection with the acquisition of the Technology. 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.
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On Behalf of the Board
James Payne, CEO