SOURCE: Dynasty Limousine Inc.

Dynasty Limousine Inc.

December 13, 2010 09:31 ET

Dynasty Limousine Inc. Named National Top Three Finalist for 2011 Limousine Operator of the Year Award; Provides Update on DTC Eligibility

JACKSONVILLE, FL--(Marketwire - December 13, 2010) - Dynasty Limousine Inc. (PINKSHEETS: DNYS), a full service Luxury Transportation and Limousine firm covering the Southeast United States, has been named a National Top Three Finalist for the prestigious Limousine Operator of the Year award by LCT Magazine. This is the third consecutive year that Dynasty has been nominated for the industry's top award in the 11-30 vehicle categories.

Finalists and the ultimate winner are judged on overall service, reliability, business performance, training and safety records. "We are honored to have been recognized again by LCT Magazine for our efforts," stated Pierce Fleming (Vice President). "We have continued to thrive and provide a world class experience to our clients while navigating a challenging economic climate. Our staff and management team have had to adapt and adjust to a host of different challenges in 2010, however our 12 year history of quality service and unique vehicle options have made this a great year for our organization." The winner for the Operator of the Year award will be announced at the International Limousine Convention in Las Vegas on February 16th, 2011.

Update on DTC Eligibility

Dynasty Limousine is in the process of applying for DTC eligibility which will allow for the trading of its securities through most brokers. Volume has been light on DNYS stock because of the small number of brokers currently executing trades on the issue. The DTC (Depository Trust Company) provides banks, brokerage firms and other institutions with an efficient means of moving securities and settling trades electronically. Securities that do not have DTC eligibility are not available for trading through many brokers and institutions due to the large amount of paperwork and time involved in executing trades.

A "Form D" (Notice of Exempt Offering of Securities) was filed with the S.E.C. January 22nd, 2010 and Dynasty can apply to DTC exactly one year from this date. With an estimated time frame of 4-6 weeks from the initial application to approval, it is expected that DTC eligibility will be achieved in the first quarter of 2011.

About Dynasty Limousine Inc.

Dynasty Limousine is a full service Limousine and Transportation firm with offices in Jacksonville and Orange Park, Florida. The Company was founded in 1998 and currently operates a fleet of 15 Limousines, Luxury Sedans, and Limousine Buses with service areas primarily in the Southeast United States. The Company is a member of the National Limousine Association, and has a nationwide affiliate network to handle all domestic service requests. Dynasty currently has 16 employees, and is actively seeking acquisitions and expansion into additional markets.

Dynasty maintains an A+ accredited BBB rating, and was named a National top three finalist for "Limousine Operator of the Year" by LCT Magazine for 2009, 2010 and 2011. Additional company information may be accessed via Dun and Bradstreet, Pinksheets.com, or by visiting the Investor Relations area located on our corporate websites. At the time of this release, the total number of shares issued and outstanding is 4,836,425 with a current float of 688,900 shares.

Forward-Looking Statements

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this release, are forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products and services, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party vendors, and other risks detailed in the Company's prospectus and periodic reports filed with the Securities and Exchange Commission. Dynasty Limousine Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • Contact:
    Pierce Fleming
    Vice President / Investor Relations
    Dynasty Limousine
    11857 San Jose Blvd.
    Jacksonville, Florida 32223
    (904) 268-7171
    Email Contact