SOURCE: Dyna Group International, Inc.

Dyna Group International, Inc.

August 04, 2009 18:21 ET

Dyna Group International (DGIX.PK) Releases 2nd Quarter 2009 Financials

NEW BRAUNFELS, TX--(Marketwire - August 4, 2009) - Dyna Group International, Inc. (PINKSHEETS: DGIX) announced today revenues of $4,669,065 for the six months ended June 30, 2009, a decrease of $1,438,533, or 23.6%, as compared to the six months ended June 30, 2008. Net income (after gain/loss on investments) decreased from $99,130 for the six months ended June 30, 2008, to ($356,754) in the same time period of 2009.

                                              6 months ended
                                                  June 30
                                  ----------------------------------------
                                          2009                 2008
                                  -------------------  -------------------
Revenues                                    4,669,065            6,107,598
                                  -------------------  -------------------
Operating Income (loss)                      (357,502)             313,606
                                  -------------------  -------------------
Income Tax (expense)                          183,783             (125,131)
                                  -------------------  -------------------
Other comprehensive
 income/(loss)                               (183,036)             (89,345)
Net Income (loss)                            (356,754)              99,130
                                  -------------------  -------------------
Earnings per share                              (.048)                .013
                                  -------------------  -------------------

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