SOURCE: DNA DYNAMICS

March 28, 2011 09:30 ET

DNA Dynamics, Inc File to Reduce the Authorized Share Capital

DNAD Files Forms With Delaware to Reduce the Authorized Share Capital

LONDON--(Marketwire - March 28, 2011) - DNAD Dynamics, Inc (PINKSHEETS: DNAD) announces today that it has filed the required paperwork with the State Authorities in Delaware to reduce the Authorized Share Capital from 950m to 350m.

Edward Blincoe, CEO of DNAD 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. Blincoe stated that "we are setting ourselves some pretty tough targets for the company and ensuring growth in shareholder value is our top agenda. Reducing the authorized share capital proves our intention to keep dilution to an absolute minimum, sufficient to execute our business plan and acquire the assets we need to growth the business..."

Blincoe continued, "It is a big week for the business as we are close to fulfilling one of our short term objectives which we will announce in the coming days which, in combination with the work we are doing on the share structure, will set us up for success in the very near future."

DNA Dynamics, Inc. recently announced that the time was right to be aggressive in their growth strategy and, whilst strong revenue streams forecast through the publishing of mobile games and applications through Appache Mobile is budgeted for 2011, the company planned to couple that with the acquisition of a Development Studio.

About DNAD Dynamics, Inc Systems:
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.

Contact:
info@appachemobile.com
(1) 347 352 0074

For more information, please visit www.appachemobile.com

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
    1 347 404 5346