DNA Dynamics, Inc. Continues Share Restructuring Work
LEAMINGTON SPA, England June 28, 2011 /PRNewswire/ — DNA Dynamics, Inc. (PK: DNAD) has accepted the return of 20m shares of the company’s common stock to the treasury. In their continued work on the Issued Share Capital, DNA has accepted back 20m shares from an officer who decided not to take up his post at the company and has awarded 8m shares to long standing DNA Studios Key Members. The action was completed on Monday June 27th 2011.
As of Tuesday 28th June 2011, the Share Structure is as follows:
350,000,000 Authorized Share Capital
98,655,843 Free Trading Shares (Float)
148,305,793 Issued Share Capital
Speaking of the move, Ed Blincoe, CEO of DNA Dynamics had this to say: “We are pleased to be able to keep a tight hold of the issued share capital and, with this officer’s decision to not take up his post at DNAD, we enacted a clause in his contract which required the return of the common stock. Furthermore, it allowed us some flexibility to ensure the continued service from two long standing DNA Studios members who were with the company from its early days at Slam Productions Ltd. We absolutely want to keep any dilution to the minimum required to execute the business plan and the returning of these shares is evidence of our commitment to that cause.”
DNA recently announced that its game, Legacy: Mystery Mansion for the iPhoneÃ‚® and iPod TouchÃ‚®, hit number 12 in its Puzzle Category in the App Store(SM). Legacy: Mystery Mansion is a hugely entertaining Match3 puzzle game where you have to discover the secrets of an old mansion by collecting pieces of the missing antiques from each room. With twenty-five fast and frantic levels and stunningly detailed graphics Legacy captures your imagination and draws you into its spooky atmosphere.
About DNA Dynamics, Inc.: DNAD is a Global Publisher and Developer of Mobile Games and Applications for multiple platforms.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company’s control.
SOURCE DNA Dynamics, Inc.