SOURCE: Dyna Group International, Inc.

April 28, 2008 17:17 ET

Dyna Group International Releases 1st Quarter 2008 Financials

NEW BRAUNFELS, TX--(Marketwire - April 28, 2008) - Dyna Group International, Inc. (PINKSHEETS: DGIX) announced today revenues of $3,365,000 for the 3 months ended March 31, 2008, a decrease of $350,671, or 9.4%, as compared to the 3 months ended March 31, 2007. Despite lower revenues, operating income increased $44,186, or 34.9%. This increase is a result of the lower cost of casting non-pewter alloys, lower royalty expenses, and a decrease in bad debt expenses. Net income declined due to a loss on investments of $29,302 for the 3 months ended March 31, 2008, compared to a gain of $53,283 in 2007.


                                                        3 months ended
                                                            March 31
                                                     =====================
                                                        2008        2007
                                                     ---------   ---------
Revenues                                             3,365,248   3,715,919
                                                     ---------   ---------
Operating Income (loss)                                170,758     126,572
                                                     ---------   ---------
Income Tax (expense)                                   (62,981)    (44,083)
                                                     ---------   ---------
Other comprehensive income/(loss)                      (29,302)     53,283
Net Income (loss)                                       78,475     135,772
                                                     ---------   ---------
Earnings per share                                         .01         .02
                                                     ---------   ---------

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