Dynamic Fuel Systems Inc.

September 18, 2009 18:04 ET

Dynamic Provides Corporate Update

PICKERING, ONTARIO--(Marketwire - Sept. 18, 2009) - Dynamic Fuel Systems Inc. (TSX VENTURE:DYA) ("Dynamic" or the "Corporation") is pleased to provide a brief corporate update on recent activities. Since the management and board changes announced over the summer months were instituted, the Corporation has conducted a detailed review of its fixed cost structure and has begun implementing several cost-saving / efficiency enhancing measures. In particular, management has determined that the footprint of its existing building located at 890 Brock Road South, Pickering, Ontario exceeds its short and medium-term needs. As a means of better employing its resources, the Corporation has engaged a sales/leasing agent to assist Dynamic in securing a sub-tenant to lease a portion of the unused space within the building or, alternatively, to sell the building with a view towards "right-sizing" its operating premises to a more appropriate sized space. In addition to the fixed premises, the operational component of the business has also been streamlined through the reduction in non-essential employees and the re-allocation of human resources within the organization.

Dynamic also advises that it intends to commence periodic "town hall" style meetings for its shareholders, the first of which will occur in October 2009. Details regarding the times and locations for these sessions will be publicly distributed prior to the end of September.

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.

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.

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