Dynamic Fuel Systems Inc.
TSX VENTURE : DYA

August 13, 2009 11:52 ET

Dynamic Announces Appointment of John Hultink as Chairman, Tim Masek as a Director

PICKERING, ONTARIO--(Marketwire - Aug. 13, 2009) - Dynamic Fuel Systems Inc. (TSX VENTURE:DYA) ("Dynamic" or the "Company") is pleased to announce the appointment of Mr. John Hultink as Chairman of the Board of Directors and Mr. Tim Masek as a director of the Company. Mr. Hultink and Mr. Masek have been appointed to fill vacancies resulting from the resignation by Mr. Thomas Fairfull of each of these positions. Mr. Fairfull will continue to be involved with Dynamic in a consulting capacity, as described in the Company's press release of November 14, 2008.

Mr. Hultink was recently appointed a director of the Company and Mr. Masek was recently appointed President and Chief Executive Officer. For detailed descriptions of their respective backgrounds, please refer to the Company's press releases dated July 30 and July 16, 2009, respectively.

On behalf of the Company, the board expresses its most sincere thanks and gratitude to Mr. Fairfull for his numerous years of faithful service, for his stewardship through the many challenges that the Company has faced over the years and for his perseverance in continuously pursuing the full commercialization and expansion of the Company's products and services.

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.

Contact Information