TORONTO, June 7, 2012 (GLOBE NEWSWIRE) -- Mr. James Payne, CEO of Dynamic Fuel Systems Inc. (TSX-V:DYA) ("Dynamic" or the "Corporation"), is pleased to announce the relocation of the Corporation's head office to the following location effective this date:
| 501 Alliance Road, Suite 202 | ||||
| Toronto, Ontario, | ||||
| M6N 2J1, Canada | ||||
The Corporation will occupy approximately 1,000 square feet of office space within a modern 330,000 sq ft facility that offers considerable room for growth from both an administrative and product development perspective.
As currently configured, the headquarters can accommodate 3 admin offices, includes a showroom, plus a shared boardroom to accommodate customer meetings.
"We're very pleased with the move to this new location," states Grove Bennett, President of Dynamic. "We will have all the important management and administrative functions centralized in one location, improving our operational efficiency. Most importantly, we've been able to achieve this result without compromising our cost structure objectives. Convenient access was another key consideration in the move to this central Toronto location," added Bennett.
About Dynamic Fuel Systems Inc.
Dynamic Fuel Systems Inc. is a Toronto, Ontario; Canada based energy Sector Company engaged in the sales & marketing, manufacture, distribution, installation and support of a transportable hydrogen generator aftermarket product targeted for use in the heavy tractor trailer industry.
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, includes 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.