SOURCE: MAMMATECH CORPORATION

May 13, 2011 10:44 ET

Mammatech Corporation (MAMM) Business Activity Update

RANTOUL, IL--(Marketwire - May 13, 2011) - Mammatech Corporation (the "Company") (OTCBB: MAMM), a renewable energy development company, today provided an update on its business activities for the first quarter 2011.

On March 15, 2011, the Company acquired Dynamic Energy Development Corporation ("DYNAMIC") and its operational subsidiary, Transformation Consulting, a renewable energy development group, in a share exchange with the Company.

As a result, the Company has changed its business purpose to acquiring, combining and maximizing a variety of existing, proven and innovative "Renewable Energy" technologies to create a series of what management believes will be state-of-the-art production facilities called "Dynamic Energy Campuses TM" across North America, initially.

Through the execution of the Company's new business strategy, DYNAMIC has discovered two existing technologies that are believed to be capable of uniquely combining to convert low cost scrap tire feed stocks into approximately 9 high value renewable fuel and consumer products. DYNAMIC's progressive and scalable commercial development strategy is intended to create possible joint venture or franchised opportunities for operations which will have low operational costs and which are anticipated to yield long-term, reoccurring mainstream revenues.

In addition, the Company recently initiated other corporate actions, including, but not limited to:

(1) The Board and Shareholders have approved a Forward Split of all outstanding shares of the Corporation's common stock on a 3 for 1 basis, and the Company is awaiting document clearance prior to setting an effective date for this forward split.

(2) The Board and Shareholders have approved amendments to reset authorized capital stock at 500,000,000 shares, of which 300,000,000 shares shall be Common stock, par value $0.0001, and 200,000,000 shares shall be preferred stock, par value $0.0001, and to give the Board of Directors the power to fix by resolution the rights, preferences and privileges of preferred stock, and these amendments are also awaiting document clearance prior to amendment of the Company's Articles of Incorporation.

(3) The Board and Shareholders have approved the change of the Company's name to "Dynamic Energy Alliance Corporation," pending document clearance.

(4) The Board has acted to change of Fiscal Year-end from August 30 to December 31.

Forward-Looking Safe Harbor Statement:

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Forward-looking statements speak only as of the date they are made, are based on various underlying assumptions and current expectations about the future. We caution readers that any forward-looking statements are not guarantees of future performance and that actual results could differ materially from those contained or implied in the forward-looking statements. Such forward-looking statements include, but are not limited to, statements about the transactions described herein, future financial and operating results, the combined company's plans, objectives, expectations and intentions and other statements that are not historical facts.

For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the Commission are available from commercial document retrieval services and at the website maintained by the Commission at http://www.sec.gov.

Contact Information

  • CONTACT:

    Tracy Williams
    Corporate Administrator
    Mammatech Corporation /
    Dynamic Energy Development Corporation
    233 North Garrard
    Rantoul, IL 61866
    Tel: 901-414-0003
    Fax: 901-328-2761
    www.dynamicpetro.com