Contact Information: CONTACT: Pfeiffer High Investor Relations, Inc. Geoff High 303-393-7044
Dynamic Materials Files Form 8-K/A With SEC Regarding Recent Purchase of DYNAenergetics
| Source: Dynamic Materials Corp.
BOULDER, CO--(Marketwire - January 28, 2008) - Dynamic Materials Corporation (DMC) (NASDAQ : BOOM ), the world's leading provider of explosion-welded plates, today filed
a Form 8-K/A with the Securities and Exchange Commission. The document
amends the Form 8-K filed on Nov. 19, 2007, which announced DMC's purchase
of DYNAenergetics, a Germany-based manufacturer of clad metal plates and
various explosives-related oil-field products.
Today's filing includes audited financial statements of DYNAenergetics for
its fiscal years ended Sept. 30, 2006 and 2007. In addition, to illustrate
what DMC and DYNAenergetics might have looked like as a combined entity in
prior periods, the document includes unaudited pro forma financial
information, which combines the historical balance sheets of both
businesses as of Sept. 30, 2007 and historical operations for the
nine-month period ended Sept. 30, 2007, and the year ended Dec. 31, 2006.
Notes to the pro forma information address a number of assumptions and
adjustments.
About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation is a leading
international metalworking company. Its products, which are typically used
in industrial capital projects, include explosion-welded clad metal plates
and other metal fabrications for use in a variety of industries, including
oil and gas, petrochemicals, alternative energy, hydrometallurgy, aluminum
production, shipbuilding, power generation, industrial refrigeration and
similar industries. The Company operates three business segments:
Explosive Metalworking, which uses proprietary explosive processes to fuse
different metals and alloys; Explosive Perforating, which manufactures,
markets and sells oil field perforating equipment and explosives, and AMK
Welding, which utilizes various technologies to weld components for use in
power-generation turbines, as well as commercial and military jet engines.
For more information, visit the Company's websites at
http://www.dynamicmaterials.com and
http://www.dynaenergetics.de.
Safe Harbor Language
Except for the historical information contained herein, this news release
contains forward-looking statements that involve risks and uncertainties
including, but not limited to, the following: our ability to integrate the
DYNAenergetics business, DYNAenergetics ability to continue the rate of its
sales, net income and growth; as well as the other risks detailed from time
to time in the Company's SEC reports, including the report on Form 10-K for
the year ended December 31, 2006.