SOURCE: Dyna Group International, Inc.

Dyna Group International, Inc.

November 03, 2009 17:55 ET

Dyna Group International (DGIX.PK) Releases 3rd Quarter 2009 Financials

NEW BRAUNFELS, TX--(Marketwire - November 3, 2009) - Dyna Group International, Inc. (PINKSHEETS: DGIX) announced today revenues of $7,800,551 for the nine months ended September 30, 2009, a decrease of $2,164,184, or 21.8%, as compared to the nine months ended September 30, 2008. Operating income (loss) was ($242,684) compared to a gain in 2008 of $354,926. Net income (loss) was ($252,497) as compared to a loss in 2008 of ($116,348).

We are continuing to feel the effects of a slow economy, however are encouraged that we showed a small operating profit in the 3rd quarter of $114,817.

                                             9 months ended
                                              September 30
                              --------------------------------------------
                                       2009                   2008
                              ---------------------  ---------------------
Revenues                                 $7,800,551             $9,964,735
                              ---------------------  ---------------------
Operating Income (loss)                    (242,684)               354,926
                              ---------------------  ---------------------
Income Tax (expense)                        130,079               (126,712)
                              ---------------------  ---------------------
Other comprehensive
 income/(loss)                             (139,892)              (344,562)
Net Income (loss)                         ($252,497)             ($116,348)
                              ---------------------  ---------------------
Earnings per share                            (.034)                  .016
                              ---------------------  ---------------------

The above information is based on unaudited GAAP financial statements.

Dyna Group International, Inc. is a Nevada corporation and conducts all of its business through its wholly owned subsidiary, Great American Products.

Some of the statements in this news release may be forward-looking statements that may involve certain risks and uncertainties. Investors and others are cautioned that the forward-looking statements are based on estimates, projections, beliefs, and assumptions of management and are not guarantees of future performance.

Contact Information

  • Contacts:
    Sandra Tristan, Controller
    Roger Tuttle, CEO
    830-620-4400
    www.gap1.com