OSHAWA, Ontario, May 24, 2012 (GLOBE NEWSWIRE) -- Dynamic Fuel Systems Inc. (TSX-V:DYA) ("Dynamic" or the "Corporation") is pleased to make the following announcement:
Mr. James Payne, CEO of Dynamic is pleased to announce the appointment of Mr. Jay Freeman to the Board of Directors of the Corporation.
Mr. Jay Freeman is a founding partner if JJR Capital Partners, a Toronto based Investment / Merchant Banking organization. JJR Capital has successfully launched and participated in many public and private corporations, in both the resource and technology sectors, since its founding in 2001.
Prior to founding JJR Capital, Mr. Freeman worked at Scotia Capital (the investment division of Scotia Bank, one of Canada's largest financial institutions) where he obtained extensive experience in portfolio management, mergers and acquisitions, and corporate finance.
Prior to joining Scotia Capital, Mr. Freeman was engaged in the private practice of Law specializing in Corporate and Commercial Law. Mr. Freeman received both an honours degree in Business Administration and a Bachelor of Law Degree, from the University of Western Ontario in Canada.
"Mr. Freeman brings a wealth of business and capital market experience to the Dynamic Board. We look forward to his participation and valuable input" added Mr. Grove Bennett, President of Dynamic.
About Dynamic Fuel Systems Inc.
Dynamic Fuel Systems Inc. is an Oshawa, 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.