10.08.05

10.8.2005: Meldung: Dynetek Industries Ltd.: 2005 second quarter results

Dynetek reports 2005 second quarter results
Tuesday August 9, 4:15 pm ET

- Record six month revenues of $14.0 million - up 19% from the first six months of 2004 - Record second quarter revenues of $7.1 million - up 22% from the second quarter of 2004 - Sixth consecutive quarter of positive EBITDA(1) - Record positive cash flow from operations of $2.3 million for the first six months of 2005 and $2.5 million for the second quarter of 2005
CALGARY, Aug. 9 - Dynetek Industries Ltd. (TSX:DNK - News), a leader in the design, manufacturing and marketing of proprietary fuel storage cylinders and systems for compressed natural gas (CNG) and hydrogen, today reported results for the three-months and six months ended June 30, 2005.

Conference call information is provided below.

Financial Highlights
- Total revenue for the six months ended June 30, 2005 of
$14.0 million increased $2.2 million or 19% from the same period
of 2004.
- Cylinder and systems revenues for the six months ended June 30,
2005 of $12.0 million increased $3.2 million or 36% compared with
the six months ended June 30, 2004.
- Total revenues for the three months ended June 30, 2005 of
$7.1 million increased $1.2 million or 22% from the comparative
second quarter of 2004.
- Cylinder and system revenues for the three months ended June 30,
2005 of $6.4 million increased $2.0 million or 45% from the
comparative second quarter of 2004.
- Confirmed order book in excess of $12.0 million to be delivered in
the latter half of 2005.
- Sixth consecutive quarter of positive EBITDA(1) including
$0.3 million for the three months ended June 30, 2005.
- Record cash flow from operations of $2.3 million for the first six
months of 2005 and $2.5 million for the second quarter of 2005


Robb Thompson, President and Chief Executive Officer, said the second quarter results reflect Dynetek"s commitment of continuing to focus on CNG cylinder and systems sales to our target market of bus and truck manufacturers predominately in Europe and Southern California.

"Our most important strategic thrust for the last few years has been our focus on the CNG marketplace. We believe Dynetek will continue strong revenue growth and attain profitability in the near term as a result of successfully executing this strategy," commented Mr. Thompson. "Our second quarter CNG cylinder and system sales were a record 45% increase over the second quarter of last year - and we believe additional CNG opportunities on a global basis will enable this growth to continue. In addition, we have a leadership position in compressed hydrogen storage with major OEMs - and we believe that we will continue to generate revenues from this market as the hydrogen economy grows."

The Company"s reported loss for the second quarter is attributable to two main factors: the weakening of the Euro compared to the Canadian dollar and an unbudgeted increase in certain raw material prices due to a tightening of supply in the marketplace.

"We believe we are on the path to profitability, if our growth of CNG system and cylinder sales continue, if we are able to maintain our contribution margin despite increased raw material costs and we are able to mitigate our foreign exchange exposure." Mr. Thompson went on to say.

(1) Earnings before interest, taxes, non-cash foreign exchange, stock
based compensation, depreciation and amortization (EBITDA) is a non-GAAP
measure and may not be comparable to similar measures used by other
companies. Management believes EBITDA is a useful measure to assist in
the assessment of Dynetek"s ability to generate cash flows from its
operations.

OPERATIONAL HIGHLIGHTS


In the second quarter, Dynetek achieved total revenues of $7.1 million and cash flow from operations of $2.5 million. Cylinder and system sales of $6.4 million was the major contributor to these record second quarter results. Our goal is to achieve increased sales in each quarter compared to the prior year comparative quarter. This goal was attained in the first and second quarter of 2005.The six months total revenues were $14.0 million and cash flow from operations was $2.3 million. Cylinder and system sales were $12.0 million for the six-month period. The Company continues to have positive EBITDA(1) with the second quarter of 2005 representing our sixth consecutive quarter.

The Company continues to focus its compressed natural gas cylinder sales in areas such as Japan, California and Europe where natural gas is prevalent and fueling infrastructure is established. In Europe, the Company has seen strong growth due to the need for cleaner environment and the price effectiveness of natural gas as compared to diesel. In the second quarter, Dynetek"s European operations achieved record cylinder sales of $4.8 million and had cylinder and system sales of $8.3 million for the first six months of 2005. Dynetek recognized the market requirement in Europe was to provide a complete system solution to the bus manufacturers. The complete system includes cylinders, valves and a frame, which translate to easy installation onto the buses. Dynetek"s proprietary technology provides advantages such as less weight, more compressed natural gas on board and less operating costs, being the value proposition we offer our customers that our competitors cannot provide. This same model was used to develop the California market for heavy-duty trucks.

Our cylinder and system sales to Japan for the first six months of 2005 were $0.6 million or 100% greater than they were in the same period of 2004. The cylinder and system sales to the United States were $2.4 million, a decrease of 14% when compared to the same period of 2004. This decline was due to a delay in a ruling that fleet rules fell under the state"s purchasing authority. This positive ruling resulted in Southern California"s smog-fighting agency, SCAQMD, having the power to force cities and private contractors to purchase fleets of low-polluting vehicles, which translates to more CNG opportunities by displacing diesel engines.

Our research and development team continues to focus its efforts on the future, the hydrogen economy and its storage needs. During 2005 we have achieved KHK and TUV certification for our 700bar (10000psi) cylinder solution, which helps bring hydrogen vehicles the necessary range to compete with gasoline powered vehicles.

The Company continues to work with 10 different OEMs, including Ford, Hyundai, DaimlerChrysler and Nissan, to design, manufacture and deliver the hydrogen storage solution on 15 confidential development programs. The research and development team is also working on our CNG solution to increase the effectiveness of our product, while reducing our production costs.

In June, the Company announced Mr. William Kenneth Kovalchuk was appointed to the Board of Directors.

In June, the Company announced it was named, in the 17th annual PROFIT 100 ranking of Canada"s Fastest-Growing Companies by PROFIT: Your Guide to Business Success.

MANAGEMENT"S DISCUSSION AND ANALYSIS

The following sets out management"s discussion and analysis of our financial position and results of operations for the six months and three months ended June 30, 2005 and 2004. The interim management"s discussion and analysis (MD&A) updates our annual MD&A included in our 2004 Annual Report to Shareholders, to which readers are referred. No update is provided where an item is not material or where there has been no material change from the discussion in our annual MD&A.

Financial Highlights
(tabular amounts in thousands of Canadian dollars, except share capital
and per share data)
(unaudited) Three months Six months
ended Ended
June 30 June 30
-----------------------------------------------
2005 2004 2005 2004
Revenue

Cylinder and system sales 6,356 4,403 12,032 8,767

Research and development
income 683 1,406 1,876 2,950

Investment and other income 11 18 68 89
-----------------------------------------------
7,050 5,827 13,976 11,806

Net loss (374) (311) (549) (556)
Net loss per common share
(basic and fully diluted) (0.02) (0.02) (0.03) (0.03)
EBITDA(1) 262 170 796 453
Capital expenditures 448 327 810 635
Cash and cash equivalents 4,838 5,708 4,838 5,708
Non-cash working capital(2) 12,318 13,623 12,318 13,623
Cash flow from operations 2,450 (1,846) 2,299 (3,548)
Total assets 46,419 45,425 46,419 45,425
Long-term debt 1,661 1,731 1,661 1,731
Common shares outstanding 20,939,701 20,286,857 20,939,701 20,286,857
Weighted average common
shares outstanding 20,638,780 20,158,694 20,638,780 20,158,694
-------------------------------------------------------------------------
(1) Earnings before interest, taxes, non-cash foreign exchange, stock
based compensation, depreciation and amortization (EBITDA) is a non-GAAP
measure and may not be comparable to similar measures used by other
companies. Management believes EBITDA is a useful measure to assist in
the assessment of Dynetek"s ability to generate cash flows from its
operations.

(2) Non-cash working capital is current assets after cash less current
liabilities.

Cylinder and system sales for the six months ended June 30, 2005 were
$12.0 million, up 36% from $8.8 million for the same period of 2004. Cylinder
and system sales for the three months ended June 30, 2005 were $6.4 million up
$2.0 million or 45% for the same period in 2004. The Canadian dollar to
US dollar exchange rate averaged $1.24 during the first six months of 2005
compared to $1.33 for the same period of 2004. Had the U.S. dollar to Canadian
dollar exchange rate achieved the levels of the first six months of 2004 in
the first six months of 2005, revenues would have been $0.3 million higher.
The Canadian dollar to Euro exchange rate averaged $1.59 during the first six
months of 2005 compared to $1.64 for the same period of 2004. Had the Euro to
Canadian dollar exchange rate achieved the levels of the first six months of
2004 in the first six months of 2005, revenues would have been $0.3 million
higher. The Company"s cylinder and system sales are traditionally greater in
the last six-months of the fiscal year compared to the first six-months. Bus
contracts are awarded in the first and second quarters with cylinder and
system deliveries in the third and fourth quarters.
During the second quarter of 2005, customers who purchased the DyneCell
fuel storage systems for CNG included: Marubeni Metals Corp. (Japan), McNeilus
Truck (United States), Iris Bus (Italy), Thomas Built Buses (United States),
NEOMAN (Europe), Heuliez Bus (Europe), BredaMenarinibus (Europe) and
Pleasanton Truck Equipment (United States). Customers who purchased hydrogen
and other compressed gas fuel storage systems included: DaimlerChrysler
(Germany), Ford Motor Company (United States), Nissan (Japan), and Ballard
Power (Canada).

Research and development income for the six months ended June 30, 2005
was $1.9 million, down 37% or $1.1 million from the same period in 2004.
Research and development income for the second quarter was $0.7 million, down
50% or $0.7 million from the same period of 2004. During the first six months
of 2005, Dynetek continued to be involved with Natural Resources Canada
(NRCan) and 10 different OEMs, including Ford, Hyundai, DaimlerChrysler and
Nissan, to design, manufacture and deliver the hydrogen storage solution on
15 confidential development programs. Revenues received from the OEMs
regarding these projects are recorded on billing milestones outlined in the
contracts and, therefore, timing differences occur between when costs are
incurred and funding is received. Non-repayable cost shared monies received
from NRCan are recorded as revenue in the period it is invoiced.
During the second quarter of 2005, Dynetek received non-repayable cost
shared monies of $0.1 million from Natural Resources Canada (NRCan) for the
development and testing of a 700bar (10000psi) complete fueling system.

Investment and other income for the six months ended June 30, 2005 was
$0.1 million, comparable to the same period in 2004. In the second quarter of
2005, investment and other income was eleven thousand dollars compared to
eighteen thousand dollars for the same period of 2004.

Cost of goods sold was $9.0 million for six months ended June 30, 2005
compared to $6.5 million for the same period in 2004. Cost of goods sold was
$4.8 million for three months ended June 30, 2005 compared to $3.3 million for
the same period in 2004. Corresponding contribution margins for the six months
ended June 30, 2005 were $3.0 million, or 25% of sales compared to
$2.2 million or 25% of sales for the same period of 2004. Corresponding
contribution margins for the three months ended June 30, 2005 were
$1.6 million, or 25% of sales compared to $1.1 million or 25% of sales for the
same period of 2004.
The contribution margin as a percentage dropped from 26% in the first
quarter of 2005 to 25% for the second quarter of 2005. This reduction is a
result of increases in raw material prices but was somewhat offset by
increases in production efficiencies due to economies of scale.
Although there is an increased demand for carbon fibre on a global basis
for many applications, Dynetek has not experienced a reduced carbon fibre
supply. The Company has a strategic relationship with a carbon fibre
manufacturer Mitsubishi Rayon, a shareholder of the Company.

General and administrative expense was $1.7 million for the six months
ended June 30, 2005, which was comparable to the same period of 2004. General
and administrative expense was $0.9 million for the three months ended
June 30, 2005 comparable to the same period of 2004. Overall general and
administration costs decreased as a percentage of revenue from 15% in the
first six months of 2004 to 12% in the first six months of 2005. Overall
general and administration costs decreased as a percentage of revenue from 15%
in the second quarter of 2004 to 13% in the second quarter of 2005

Research and product development expense was $1.7 million for the six
months ended June 30, 2005 compared to $2.2 million for the same period in
2004. Research and product development expense was $0.6 million for the
quarter ended June 30, 2005 compared to $1.0 million for the same period in
2004. Research and development expense consists of materials, labour and costs
of benefits and overhead related to research and development activity.
The majority of Dynetek"s research and development programs are co-funded
with major OEMs and government (NRCan). The funding from the OEMs for the
research and development programs is recorded as research and development
revenue based on billing milestones outlined in the contracts. This can result
in timing differences between when costs are incurred and funding is received.
The government funding is recorded either as research and development income
or loans. The cost shared monies received from NRCan, which is non-repayable,
are recorded as research and development revenue in the period it is invoiced
and the repayable government cost shared monies are recorded as a loan.

Marketing expense was $0.8 million for the six months ended June 30,
2005, compared to $0.9 million for the same period of 2004. Marketing expense
was $0.4 million for the three months ended June 30, 2005, which is comparable
to the same period of 2004. Overall marketing expense was 7% of sales for the
six months ended June 30, 2005 compared to 10% of sales for the same period of
2004. Overall marketing expense was 7% of sales for the three months ended
June 30, 2005 compared to 10% of sales for the same period of 2004.

Depreciation was $0.6 million for the six months ended June 30, 2005,
which is comparable to the same period of 2004. Depreciation was $0.3 million
for the three months ended June 30, 2005, which is comparable to the same
period of 2004.

Amortization was $0.2 million for the six months ended June 30, 2005,
which is comparable to the amount in the same period of 2004. Amortization was
$0.1 million for the three months ended June 30, 2005, which is comparable to
the amount in the same period of 2004. Items included in amortization expense
include process and development costs, patents and deferred start-up costs for
the European operation.

Foreign exchange for six months ended June 30, 2005 was a loss of
($0.4) million compared to a gain of thirty-six thousand dollars in the same
period of 2004. Foreign exchange for three months ended June 30, 2005 was a
loss of ($0.1) million compared to a gain of thirty-seven thousand dollars in
the same period of 2004. The foreign exchange loss in the first six months of
2005 is a result of a weakening of the Euro against the Canadian dollar in the
months of May and June and its negative impact on the Euro receivables. The
results of the European operations are recorded in Euros and then converted to
Canadian dollars. The Euro weakened from an average in the second quarter of
2005 of $1.57 per Canadian dollar to $1.51 per Canadian dollar at June 30,
2005 resulting in a reduced value on the Euro receivables and an unrealized
foreign exchange loss of ($0.2) million.

Net loss for the six months ended June 30, 2005 was ($0.6) million or
($0.03) per common share which is comparable to the same period of 2004. Net
loss for the three months ended June 30, 2005 was ($0.4) million or ($0.02)
per common share compared to ($0.3) million for the same period of 2004. The
loss in the first six months is the direct result of an unrealized foreign
exchange loss due to the Euro weakening against the Canadian dollar and
reduced contribution margin. The contribution margin as a percentage dropped
from 26% in the first quarter of 2005 to 25% for the second quarter of 2005.
This reduction is a result of increases in raw material prices but was
somewhat offset by increases in production efficiencies due to economies of
scale.

VALVE DIVISION

The Valve Division is focused entirely on research and development
activities. During the first six months of 2005 the Valve Division received
$0.2 million of non-repayable cost shared monies from NRCan. In the second
quarter ended June 30, 2005 the Valve Division received no government funding.

EUROPEAN OPERATIONS

Dynetek Europe GmbH ("Dynetek Germany") has progressed considerably since
its inception in 2001 by obtaining cylinder and production certification,
developing infrastructure, and marketing the DyneCell(R) primarily throughout
Europe.
In the six months ended June 30, 2005 the subsidiary generated
$8.3 million of revenue compared to $3.6 million in the same period of 2004.
In the quarter ended June 30, 2005 the subsidiary generated $4.8 million of
revenue compared to $1.6 million for the same period of 2004.

Summary of Quarterly Results
The following table shows selected unaudited financial information for
the past eight quarters ending June 30, 2005. The information has been
obtained from our quarterly unaudited financial statements, which have been
prepared in accordance with Canadian GAAP and, in the opinion of management,
have been prepared using accounting policies consistent with the audited
financial statements and include all adjustments necessary for the fair
presentation of the results of the interim periods. We expect our operating
results to vary significantly from quarter to quarter and they should not be
relied upon to predict future information.


Capital expenditures for the six months ended June 30, 2005 were
$0.8 million compared to $0.6 million for the same period in 2004. Capital
expenditures for the three months ended June 30, 2005 were $0.4 million
compared to $0.3 million for the same period in 2004. During the first six
months of 2005, the Company deployed $2.3 million of manufacturing equipment
previously included in assets under construction into the commercial
production process. The efficiencies and high production capabilities of the
new manufacturing process will contribute directly to cost reductions and
higher production output.
The Company"s capital resource requirements consist of capital
expenditures to maintain and improve the existing production line.

Financial Resources and Liquidity

The Company"s principal liquidity requirements relate to the increase in
working capital required to maintain our increase in sales.
As at June 30, 2005 Dynetek had cash and cash equivalents of
$4.8 million, compared to $3.3 million at March 31, 2005 and $4.1 million at
December 31, 2004. Dynetek was cash flow positive from operations of
$2.5 million for the second quarter of 2005. Dynetek"s working capital level
are $17.2 million at June 30, 2005, as a result of the growth of the Company"s
revenues and the increase in production levels to meet demand.
The Company"s investment in inventory resulted in an increase of
$0.6 million to $10.1 million at June 30, 2005 from December 31, 2004.
Work-in-progress represented by confirmed orders decreased by $0.2 million to
$2.5 million. Raw material levels increased by $0.9 million to $3.9 million as
a result of increased amounts of carbon fiber purchased by the Company in
anticipation of increased pricing during the second half of 2005. Finished
goods inventory decreased by $0.1 million to $3.7 million from the December
31, 2004 levels.
At June 30, 2005 accounts receivable was $7.2 million a reduction of
$1.2 million when compared to December 31, 2004. The Company manages the
collection of receivables and the payment of payables in a manner that working
capital levels will continue to fund ongoing operations. Accounts payable at
June 30, 2005 was $5.4 million, compared to $4.4 million as at December 31,
2004.
The Company"s actual funding requirements will vary depending on a number
of factors, including the increase of the CNG system sales on a global basis,
the progress of research and development projects and the development of
additional relationships with strategic partners. Dynetek remains committed to
enhancing its technological leadership and remaining a market leader in the
industrial gas fuel storage industry, including CNG and hydrogen.
The long-term debt relates to repayable research and development funding
supplied by NRCan. These agreements allow Dynetek to retain the intellectual
property and to receive long-term funding. The debt is repayable only in the
form of royalties based on specific related commercial product sales and is
interest free. The Company has $0.1 million to be repaid in 2005. The Company
believes that additional cost shared monies will continue to be available from
governments and OEMs for future research and development projects.
Dynetek continues to build on the strong strategic alliances with several
major OEMs whereby confidential joint funding has been obtained to develop
complete hydrogen fuel storage systems. Other research programs with strategic
partners, such as government bodies, who provide financial and technical
support, are also in place to explore other storage applications in the energy
marketplace.
At June 30, 2005, the Company had an unused $5.0 million line of credit
facility with a major chartered bank.

Principal Risks and Uncertainties

As Dynetek looks forward to the third quarter of 2005, there are a number
of factors in addition to the previous disclosure in the 2004 Annual Report
contained in the section Management"s Discussion and Analysis that may impact
our future results:

Contribution Margin
The contribution margin averaged 25% of sales for the first six months of
2005, which is comparable to the fourth quarter of 2004. The ability of
Dynetek to maintain EBITDA(1) and positive cash flow from operations depends
primarily on its ability to maintain the contribution margin and increasing
sales volumes.
The Company has experienced an increase in carbon fibre pricing in the
first six months of 2005. Should the Company see any additional increases in
carbon fiber pricing from Mitsubishi during the second half of 2005, the price
increase may negatively impact the contribution margins the Company receives.

Foreign Exchange
Dynetek"s Canadian operation invoices the majority of its revenue in
US dollars. The Canadian dollar to the US dollar exchange rate averaged $1.24
Canadian for the six months ended June 30, 2005 compared to $1.33 Canadian per
US dollar for the same period of 2004. If the Canadian dollar continues to
strengthen against the US dollar the revenues of Dynetek"s Canadian operations
would be negatively impacted. If however, the Canadian dollar were to weaken
against the US dollar this would positively impact the revenues of the
Canadian operations.
Dynetek"s European operation invoices its revenue in Euros. The Canadian
dollar to the Euro exchange rate averaged $1.59 Canadian for the first six
months of 2005. The Euro weakened over the first six months of 2005 and closed
on June 30, 2005 at $1.51 Canadian per Euro. This weakening negatively
impacted the Company"s results in the first six months of 2005. If the
Canadian dollar continues to strengthen against the Euro the revenues of
Dynetek"s European operations would be negatively impacted. If however, the
Canadian dollar were to weaken against the Euro this would positively impact
the revenues of the European operations.

(1) Earnings before interest, taxes, stock based compensation, non-cash
foreign exchange, depreciation and amortization (EBITDA) is a non-GAAP
measure and may not be comparable to similar measures used by other
companies. Management believes EBITDA is a useful measure to assist in
the assessment of Dynetek"s ability to generate cash flows from its
operations.

Transactions with Related Parties
For the six months ended June 30, 2005, the Company purchased under
normal terms and conditions $2.9 million (2004 -$1.8 million) of material used
in the production of lightweight fuel storage systems from Mitsubishi Rayon
Corporation, a shareholder of the Company.



OUTLOOK

Revenues from CNG cylinder and system sales in each quarter of 2005 are
expected to increase over the comparative quarter in 2004. This growth is
expected primarily from the Company"s existing European operations and from
new opportunities in United States. The Company expects cylinder and system
sales to continue with the latter half of the year representing the majority
of the sales due to the seasonal timing of the awarding of bus contracts.
Revenue from hydrogen cylinder and system sales will continue to vary on
a quarter-to-quarter basis. This revenue is dependent on the hydrogen storage
requirements of OEMs and other industrial hydrogen companies, which are often
difficult to predict. Many of these companies have a singular focus on
hydrogen and are striving to increase their revenues and attain profitability
by reducing internal costs and improving product offerings through corporate
consolidations and strategic rationalizations. Dynetek is one of the few
companies with a current revenue stream moving towards profitability with CNG
and serving the hydrogen industry. The Company continues to review all
alternatives in the market place to ensure the Company maximizes value.
Research and development income is directly related to the Company plans
for new products or processes which have the best opportunity of creating
near-term revenues. The ability to generate funding from customers and
partners dictates how much research and development occurs over any 12-month
period. Timing differences can occur between when research and development
costs are incurred and when revenue is invoiced and earned. Therefore a
deficiency or surplus of revenues over expenditures may vary on a quarter-by-
quarter basis.
Dynetek believes that its internally generated cash and its $5.0 million
operating line of credit are sufficient to fund current operations over the
foreseeable future. Although its cash balance may vary from quarter to quarter
because of the timing of payments from customers, payments to suppliers and
inventory turns, the Company believes its working capital position will remain
sufficient to maintain its current growth rate. If new significant sales order
opportunities require additional capital, management is confident suitable
financing will be available.
The Company believes it has the manufacturing assets in place to support
its current rate of growth and has no plans for significant expenditures on
capital assets during the second half of 2005. The Company will continue to
seek international opportunities for additional production locations to
provide near-term ongoing revenue growth. Potential production strategic
partnerships and opportunities to finance international growth are reviewed on
a case-by-case basis.

Additional information relating to Dynetek
Additional information concerning Dynetek, including the AIF, is
available on SEDAR at www.sedar.com.

Dynetek Industries Ltd. is a leading international company engaged in the
design, manufacturing and marketing of fueling systems and high-pressure
components including valves and regulators. The key component of the storage
system is the DyneCell(R) cylinder, capable of storing high pressure gases
including compressed natural gas (CNG), hydrogen, and various industrial
gases. Dynetek"s cylinder and fuel storage systems applications include but
are not limited to: the transportation industry, including passenger
automobiles, light and heavy-duty trucks, transit and school buses; the bulk
hauling of compressed gases; and stationary storage or ground storage
refueling applications.

Conference Call
Dynetek will hold a conference call and webcast on Wednesday, August 10,
2005 at 7:00 a.m. MST (9:00 a.m. EST) to discuss its Second Quarter 2005 and
the six month financial and operating results.
Participants in the continental United States and Canada can access the
conference call at 1-888-793-1698. Participants calling from the UK geographic
area can access the call at 1-800-528-0641 or 44-870-001-3141.
Digital replay of the call will be available approximately one hour after
the call is completed and until August 25, 2005. To access the replay in the
continental United States or Canada call 1-800-558-5253 or from outside this
geographic area, call 1-416-626-4100. To access the replay in the UK
geographic area call 1-800-692-0831 or 44-870-000-3081. The confirmation
number for the replay is 21253306. The audio webcast can be accessed on
Dynetek"s web site at www.dynetek.com and it will be archived for replay for
30 days.


Corporate Information

Board of Directors Officers and Management Bankers
Bank of Nova Scotia
Heinz O. Portmann Heinz O. Portmann Calgary, Alberta
Chairman of the Board Chairman of the Board
Dynetek Industries Ltd. Auditors
Calgary, Alberta Robb D. Thompson Deloitte & Touche LLP
President and Chief Calgary, Canada
Andrew T.B. Stuart((x))(t) Executive Officer
President and Chief Legal Counsel
Executive Officer Michael D. Portmann Gowling Lafleur
Sustainability Shift Inc Vice President and Henderson LLP
Toronto, Ontario General Manager Calgary, Alberta

Peter A. Leus(t)(v) Ulrich Imhof Transfer Agent and
Director Vice President, Registrar
Starlaw Holdings Ltd. Engineering CIBC Mellon Trust
Montreal, Quebec Company
Dr. Christian Rasche with offices in
Michael J. Lang((x))(t) Managing Director Toronto, Montreal and
Chairman Dynetek Europe GmbH Calgary
Stonebridge Merchant
Capital Corp. Karen Y. Minton Stock Listing
Calgary, Alberta Vice President, Finance Toronto Stock
and Administration Exchange
Larry A. Wright((x))(v) Trading Symbol: DNK
Executive Vice President Norman E. Hall
Multimatic Inc Corporate Secretary Investor Relations
Markham, Ontario To obtain additional
information about
William K. Kovalchuk Corporate Head Office Dynetek or to be
President 4410 - 46th Avenue SE placed on our mailing
Claret Asset Management Calgary, Alberta, Canada list for quarterly
Corp. T2B 3N7 reports please
Montreal, Quebec Tel (403) 720 0262 contact:
Fax (403) 720 0263 Robb D. Thompson
Robb D. Thompson Web site: Dynetek Industries
President and Chief http://www.dynetek.com Ltd.
Executive Officer Investor Relations
Dynetek Industries Ltd Subsidiary 4410 - 46th Avenue SE
Calgary, Alberta Dynetek Europe GmbH Calgary, Alberta,
Breitscheider Weg 117a Canada
((x)) Audit Committee D-40885 Ratingen T2B 3N7
member Germany Tel (403) 720 0262
(t) Compensation Fax (403) 720 0263
Committee member Email:
(v) Corporate invest(at)dynetek.com
Governance
Committee member



For further information

Robb D. Thompson, President and Chief Executive Officer, Dynetek Industries Ltd., 4410-46 Avenue S.E., Calgary, Alberta, T2B 3N7, Tel: (403) 720-0262, Toll-free: 1-888-396-3835, Fax: (403) 720-0263, Web: www.dynetek.com


Source: Dynetek Industries Ltd.
Nach oben scrollen
ECOreporter Journalistenpreise
Anmelden
x