JERUSALEM, Israel, April 9, 2010 /PRNewswire-FirstCall/ -- Dynamic Applications Corp. (OTCBB: DYAP), a facilitator of carbon credit generating projects, announced today that the company is continuing business development efforts to initiate projects in China and other Asian countries.
Dynamic Applications is currently in preliminary discussions with industrial entities in China and throughout Asia that are interested in reducing greenhouse gas emissions. The company's business model is to finance emission reduction projects that in-turn generate carbon credits. Dynamic Applications then participates in the sale of the newly generated carbon credits on the open carbon trading market.
The carbon emissions trading program was established under the Kyoto Protocols which were put into effect in 2005. These protocols, signed by over 185 nations, were established to create limits on global greenhouse gas emissions. As such, a country may only exceed its emissions quota if excess carbon credit allowances are purchased from another entity.
"The carbon trading market is a multi-billion dollar industry, with tremendous growth potential and minimal competition," said Asher Zwebner, Chief Financial Officer of Dynamic Applications. "There are relatively few companies that are able to generate carbon credits by financing private emissions reduction projects."
"Dynamic Applications continues to negotiate towards lucrative carbon credit generating projects in China and throughout Asia. And we look forward to updating the market with continued developments," Zwebner added.
Forward-Looking Statements
This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of Dynamic Applications Corp., and its technologies. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated. Dynamic Applications Corp. public filings may be viewed at http://www.sec.gov/.
Contact: CFO, Asher Zwebner asher@fxmng.com +972-54-464-6363
Dynamic Application Corp
CONTACT: Contact: CFO, Asher Zwebner, asher@fxmng.com, +972-54-464-6363
