dynaCERT Provides Update on Annual Financial Filings

Rhea-AI Summary

dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) has not completed its audited annual financial statements for the year ended December 31, 2021, prior to the filing deadline. The company is actively addressing issues raised by its auditors and aims to submit the necessary filings by April 4, 2022. dynaCERT specializes in Carbon Emission Reduction Technology, creating hydrogen and oxygen on-demand for improved fuel efficiency and reduced emissions in various diesel engines.

Positive

• dynaCERT manufactures innovative Carbon Emission Reduction Technology aimed at enhancing fuel efficiency and reducing emissions.
• The company is addressing auditor concerns to facilitate the upcoming filing of annual financial statements.

Negative

• The delay in filing audited financial statements may raise concerns regarding financial transparency.
• Uncertainty remains about the resolution of issues raised by auditors, which could impact the company's financial reporting.

TORONTO--(BUSINESS WIRE)-- dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") notes that the filing of its audited annual financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the year ended December 31, 2021 (the "Annual Financial Filings") has not been completed prior to today's deadline for filing of the Annual Financial Filings. The Company’s auditors have not concluded their audit and the Company is working expeditiously to resolve certain issues raised by their auditors so as to permit the submission of the Annual Financial Filings as soon as possible. The Company continues to work with its auditors to address such issues and is endeavouring to file the Annual Financial Filings by Monday, April 4, 2022.

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, refrigerated trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com.

READER ADVISORY

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to the potential filing of the Annual Financial Filings by April 4, 2022. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: the Company not settling outstanding issues with its auditors.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither The Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.

On Behalf of the Board

Murray James Payne, CEO

View source version on businesswire.com: https://www.businesswire.com/news/home/20220331006115/en/

For more information:

Jim Payne, CEO & President

dynaCERT Inc.

#101 – 501 Alliance Avenue

Toronto, Ontario M6N 2J1

+1 (416) 766-9691 x 2

jpayne@dynaCERT.com

Investor Relations

dynaCERT Inc.

Nancy Massicotte

+1 (416) 766-9691 x 1

nancy@irprocommunications.com

Source: dynaCERT Inc.

FAQ

What is the latest update on dynaCERT's annual financial filings?

dynaCERT has not completed its audited annual financial filings for 2021 and aims to resolve auditor issues by April 4, 2022.

What does dynaCERT do?

dynaCERT specializes in Carbon Emission Reduction Technology for diesel engines, enhancing fuel efficiency and lowering emissions.

How does dynaCERT's technology work?

dynaCERT's technology generates hydrogen and oxygen on-demand, improving combustion efficiency in internal combustion engines.

What are the potential risks mentioned in dynaCERT's press release?

Risks include delays in resolving auditor issues, which may affect timely financial reporting and investor confidence.