Dynamic Fuel Systems Inc.

May 05, 2009 17:31 ET

Dynamic Provides Clarification Re Offering

PICKERING, ONTARIO--(Marketwire - May 5, 2009) - Dynamic Fuel Systems Inc. (TSX VENTURE:DYA) ("Dynamic" or the "Corporation") announces that its previously announced offering of up to $590,000 of common shares (see press release dated April 27, 2009) should have made reference to an offering of units, rather than just common shares. Each unit shall be issuable at a price of $0.10 (for an aggregate of 5,900,000 units) and each shall consist of one common share in the capital of the Corporation and one common share purchase warrant, with each warrant being exercisable into one common share at a price of $1.50 for a period of five years from the date of issuance thereof. Completion of this offering is subject to approval by the TSX Venture Exchange. The proceeds from this offering will be used for research and development, sales and marketing and for general working capital purposes.

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.

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