Dynamic Fuel Systems Inc.

July 16, 2009 09:00 ET

Dynamic Announces Appointment of Tim Masek as President and Chief Executive Officer

PICKERING, ONTARIO--(Marketwire - July 16, 2009) - Dynamic Fuel Systems Inc. (TSX VENTURE:DYA) ("Dynamic" or the "Company") is pleased to announce the appointment of Mr. Tim Masek, as the Company's President and Chief Executive Officer, effective immediately. Mr. Masek takes over from Jerry Solensky Jr., who remains a director of the Company.

Mr. Masek comes to Dynamic with a broad range of prior experience in assisting, advising and managing development-stage companies, having served as an investor, director, senior officer and advisor to numerous companies throughout the development stage of their growth and into profitability. For more than 14 years, Mr. Masek worked in a variety of capacities with TMB Industries, a Chicago-based private equity firm specializing in the acquisition, management, turnarounds and sales of under-performing companies. Mr. Masek's roles within TMB ranged from analyst to Vice-President, Corporate Development, to Senior Partner and Director. Through TMB Industries, Mr. Masek has had involvement with and made substantial contributions to a number of developing companies. In several instances, he has taken on senior management rolls, some of which include: President, Chief Executive Officer and Chairman of the board of directors of Fuel Systems LLC, a leading manufacturer of light, medium and heavy-duty truck fuel tanks; Senior Vice President - Sales and Marketing, Transportation Technologies (NASDAQ) a leading supplier of truck components; President, Chief Executive Officer and a director of Heckethorn Manufacturing, a supplier of stamped exhaust products; and President, Chief Executive Officer and a director of Bostrom Seating, a supplier of truck seating products.

Thomas Fairfull, Chairman of the board of directors of Dynamic, states, "we are extremely privileged and enthused to have someone of Tim's calibre and pedigree join our Company to lead us into the next stage of our development. Tim has a proven record of working with companies and helping them through their growth stages. We hope and expect that he will be a valuable resource and asset to our Company and we are very pleased to welcome him aboard. The board would also like to express its sincere thanks to Jerry Solensky for his efforts and contributions to the Company throughout his tenure as President and CEO of the Company."

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™, 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 Corporation 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.

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