we have a cease trade orderDYNAMIC ANNOUNCES MANAGEMENT CEASE TRADE ORDERS
13:20 EDT Wednesday, May 02, 2007
FSC / Press Release
DYNAMIC ANNOUNCES MANAGEMENT CEASE TRADE ORDERS
Toronto, Ontario CANADA, May 02, 2007 /FSC/ - Dynamic Fuel Systems Inc. (DYA - TSX Venture), ("Dynamic" or the "Corporation") announces that, further to the Corporation's application under OSC Policy 57-603 requesting that a Management Cease Trade Order be imposed in respect of the late filing of the Corporation's financial statements and MD&A for the year ended December 31, 2006, rather than an Issuer Cease Trade Order (as announced by press release on April 30, 2007), the Ontario Securities Commission has granted a Temporary Cease Trade Order in respect of each individual that is, or was, at any time since the end of the period covered by the last financial statements filed by the Corporation, namely those in respect of the period ended September 30, 2006, a director, officer or other insider of the Corporation who, during that time, had or may have had, access to material information with respect to the Corporation that has not been generally disclosed. The Temporary Order is revocable within 15 days if the Corporation completes its annual filings within that time period. It is presently expected that such filings will occur within that timeframe.
Information about Dynamic Fuel Systems Inc.
Dynamic Fuel Systems Inc. is a Pickering, Ontario based energy sector company engaged in the manufacture, distribution, installation and marketing of a transportable hydrogen generator retrofit targeted for use in the heavy tractor trailer industry. Its flagship product, the Jetstar(R), is a patent-pending aftermarket retrofit solution that provides combustion enhancement by mixing hydrogen and oxygen into a vehicle's intake air to provide the engine with a more complete burn of the fuel in its internal combustion engine. Its business was founded in 2001 and more information about its products can be viewed at its website at www.dynamicfuel.com.
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. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Thomas Fairfull
President
Dynamic Fuel Systems Inc.
890 Brock Road South
Pickering, ON L1W 1Z9
905-831-2440
thomas@dynamicfuel.com
www.dynamicfuel.com
DYNAMIC FUEL SYSTEMS INC.
890 Brock Road South
Pickering, Ontario
L1W 1Z9
Phone (905) 831-2440
Source: Dynamic Fuel Systems Inc. (TSX-V: DYA) https://www.dynamicfuel.com
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