April 19, 2011 09:25 ET

DNA Dynamics, Inc Confirms Reduction in Authorized Share Capital

DNAD Reduces the Authorized Share Capital From 950m to 350m

LONDON--(Marketwire - Apr 19, 2011) - DNA Dynamics, Inc (PINKSHEETS: DNAD) announces today that it has confirmed with the State Authorities in Delaware that the record date for the reduction in the Authorized Share Capital from 950m to 350m was 18th April 2011 and that this is now active.

Edward Blincoe, CEO of DNA Dynamics, Inc announced earlier in the month, during a recorded question and answer session that the aim was to reduce the Authorized Share Capital by more than 60% from 950m to 350m and made this comment now the reduction had occurred "we are in a great position here at DNAD in that we have good revenues, new deals being signed and a fantastic stock structure to support the business and give great value to the shareholder base. We are all very excited about the coming weeks and months."

DNA Dynamics' subsidiary, Appache Mobile, recently announced that they had increased their footprint in the AppStore(SM) market by releasing a version of their game Chess Crusaders for the Apple Mac™. The expectation is that this will be a very successful move while the Mac AppStore catalogue is still in its infancy.

About DNA Dynamics, Inc:
The wholly owned subsidiary of DNAD, Appache Mobile, is a publisher of games and Apps for mobile and tablet devices. Established in 2010 Appache Mobile develops and acquires new and recently published games for iOS and Android devices.

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Safe Harbor Statement:

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

Contact Information

  • Contact:
    Investor Relations
    DNA Dynamics, Inc.
    1 347 404 5346