SOURCE: Dyna Group International, Inc.

Dyna Group International, Inc.

March 31, 2010 11:09 ET

Dyna Group International (DGIX.PK) Releases 4th Quarter 2009 Financials

NEW BRAUNFELS, TX--(Marketwire - March 31, 2010) - Dyna Group International, Inc. (PINKSHEETS: DGIX) announced today revenues of $10,952,335 for the twelve months ended December 31, 2009, a decrease of $1,914,664, or 14.9%, as compared to 2008. Although revenues for the fiscal year were lower, revenues for the three months ended December 31, 2009, were up $249,520, or 8.6%, over the same time period of 2008. Operating income (loss) was $186,258 compared to $158,946 in 2008. Net income (loss) was $84,216 as compared to a loss in 2008 of ($616,288).

                                   12 months ended
                                     December 31
                              --------------------------
                                  2009          2008
                              ------------  ------------
Revenues                       $10,952,335   $12,866,999
                              ------------  ------------
Operating Income (loss)            186,258       158,946
                              ------------  ------------
Income Tax (expense)               (44,898)     (104,721)
                              ------------  ------------
Other comprehensive
 income/(loss)                     (57,144)     (670,513)
Net Income (loss)                  $84,216     ($616,288)
                              ------------  ------------
Earnings per share                     .01          (.08)
                              ------------  ------------

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