TORONTO, ON --(Marketwired - March 10, 2017) - dynaCERT Inc.
(TSX VENTURE: DYA) (OTCQB: DYFSF) ("dynaCERT" or the
"Company") is pleased to announce that certain major shareholders including directors of the company have extended the formal
strategic Voluntary Lock-Up Agreement and increased the total from 55,000,000 in September 2016 to over 72,000,000 shares
effective immediately. The Voluntary Lock-Up Agreement stipulates that these shareholders shall not assign, deal in, pledge,
sell, trade or transfer in any manner whatsoever, or agree to do so in the future, any of the shares or any beneficial interest
in them, on or before July 31, 2017. This undertaking will be construed in accordance with and governed by the laws of the
Province of Ontario and the laws of Canada applicable in Ontario.
dynaCERT's President and CEO, Jim Payne, states, "The directors and major shareholders that have entered
into this voluntary lock-up agreement are reconfirming their long-term commitment and confidence in dynaCERT's ability
to increase shareholder value as they continue to ramp up production and sales growth."
dynaCERT announced that its Chief Financial Officer and Corporate Secretary, Yumey Fernandez, has
resigned due to personal reasons effective March 3, 2017. The company has appointed Mr. Terrence MacDonald, CPA, CA, as Chief
Financial Officer and Corporate Secretary effective March 8, 2017. Mr. Khoa Tran, B.A., has also joined the dynaCERT
team as the Director of Finance.
"I would like to thank Ms. Fernandez, who has been an integral part of dynaCERT for more than four
years, for making this transition as smooth as possible and wish her continued success in her future endeavors," says President
and CEO, Jim Payne.
Mr. MacDonald, CPA, CA, is a Chartered Professional Accountant with over 30 years' experience in the financial,
technology and resource sectors including major international experience in Europe and Asia, including 20 years working with
Ernst & Young and KPMG. His extensive experience with public company financial reporting and regulatory compliance will be a
major benefit for dynaCERT. He was previously an audit partner (with a mid-sized accounting firm) where he provided
accounting, audit and transaction services to a diverse group of public companies. Mr. MacDonald also has significant experience
in mergers and acquisitions, financial restructuring and strategic planning.
Mr. Tran, B.A., has over 20 years of financial reporting and accounting experience. This includes over 15 years
in management positions in world class global businesses for manufacturing and service environments. He has expertise in cost
accounting, financial analysis and reporting, variance analysis and government reporting. Mr. Tran was previously the Director of
Finance for a mid-sized manufacturing company and Controller for various mid-sized and Fortune 500 automotive and manufacturing
companies with international offices.
"Mr. MacDonald and Mr. Tran bring a wealth of experience to our company and will be very valuable as
dynaCERT rapidly expands." says Jim Payne. "They are both excellent additions to our team."
This month dynaCERT has received approval from The Depository Trust Company ("DTC") of New York, NY and
is now DTC eligible under the symbol DYFSF.
DTC eligibility allows dynaCERT shares to be more easily and economically transferred between brokerage
accounts electronically within the United States. DTC is the largest securities depository in the world, providing clearing and
settlement efficiencies for brokers, as well as various other services.
DTC eligibility simplifies trading of dynaCERT shares on the OTCQB market making them accessible to an
even broader range of investors and assists in increasing the liquidity and convenience of trading shares within the U.S.
dynaCERT will continue to trade on the TSX Venture stock exchange under its existing symbol DYA.
The Annual General and Special Meeting of Shareholders (AGM) will be held at 11:00 am on Friday, March
24th, 2017 at the Banquet Hall located adjacent to the dynaCERT offices at 501 Alliance Avenue. Management
will be presenting our growth opportunities and business plan, including the introduction of special guest speakers. Following,
there will be a tour of our research and development area and the new manufacturing facilities.
About dynaCERT
Inc .
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with
internal combustion engines. Our 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. Our 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 periodic updates of results, testing programs and results, negotiations with third parties concerning potential business
transactions, and the timing of certain going forward projects. 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
M.E. James Payne, CEO & President