Dynamic Applications Additional New Activity
(“Dynamic” or the “Company”) (OTC:DYAP) announced today that it has decided
to enter the carbon credit market. This market was formed, in general,
following the Kyoto Protocol, which required that signatory countries reduce
their green house gases (“GHG”) to set target levels. Accordingly, a carbon
credit market has evolved whereas activities that are recognized as reducing
GHG levels, usually through technology utilization, are traded with
activities that exceed their GHG limits. Consequently, a growing number of
polluting plants around the world are trading carbon credits so they can
achieve their allowed polluting levels. According to public sources the
carbon credit market is estimated to involve trading of billions of dollars
of carbon credits with constant growth streaming from growing demand by
countries that are wishing to trade carbon credits in order to manage or
reduce their levels of greenhouse gases.
The Company’s carbon credit activity is added to its kenaf related
activity, which Dynamic has recently initiated. The kenaf crop is used by
many industries as an eco-friendly natural raw material. It is believed to
have an extraordinary ability to absorb huge quantities of carbon dioxide and
accordingly be entitled to carbon credit payment. Thus, Dynamic believes
there is a direct synergy between the carbon credit activity and its kenaf
activity of which it can benefit greatly.
Dynamic believes that it can utilize its sound networking, business
development abilities and knowledge to take a share in the great
opportunities that are provided by the carbon credit market.
About Dynamic
Dynamic focuses its activities in the clean tech sector and, among other
initiatives, is investigating the market potential for kenaf. Kenaf is a
fast-growing crop that, traditionally, has been used as a raw material for
the production of ropes, bags and similar products. But, in recent years has
been used in a wide range of new industrial applications, including the
production of paper, bioplastics and environmentally friendly materials used
in automobiles by manufacturers such as Toyota. Moreover, it has been
integrated into the product lines of electronics companies such as NEC,
Panasonic and others.
Researchers have suggested that kenaf may offer a broad range of
environmental advantages, including the extraordinary capacity to absorb and
store huge quantities of carbon dioxide, the gas most associated with the
adverse effects of global warming. Accordingly, the appropriate use of kenaf
might provide a substantial means of coping with global warming.
Currently, the Company is conducting a thorough survey of the kenaf
market in
several major manufacturers incorporating Kenaf into their products.
In addition the Company has started a new activity in the carbon credit
market.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning
of The Private Securities Litigation Reform Act of 1995 with respect to the
business, financial condition and results of operations of the Company. The
words “believe,” “expect,” “intend,” “plan,” “should” and similar expressions
are intended to identify forward-looking statements. Such statements reflect
the current views, assumptions and expectations of the Company with respect
to future events and are subject to risks and uncertainties. Many factors
could cause the actual results, performance or achievements of the Company to
be materially different from any future results, performance or achievements
that may be expressed or implied by such forward-looking statements,
including, among others, changes in the markets in which the Company operates
and in general economic and business conditions, competitive pressures,
market acceptance of new products, inability to meet efficiency and cost
reduction objectives, changes in business strategy, legal, regulatory and
government administrative approvals and processes and various other factors,
both referenced and not referenced in this press release, and any such
factors could affect the Company’s operations, including its operations with
respect to activities with the kenaf crop and carbon credit markets. Risks
and uncertainties affecting the Company and its results of operations are
also described in reports filed by the Company with the Securities and
Exchange Commission from time to time. The Company does not assume any
obligation to update these forward-looking statements.
Contact:
Mr Ori Goore, CEO
+972(0)506335800
dynamicapplicationscorp@gmail.com
PR Office:
Financial Communication
Mr. Noam Yellin, +972(0)544246720
SOURCE Dynamic Application Corp