16.06.05

16.6.2005: Meldung: Dynetek Industries Ltd.: New Director

Dynetek Industries Ltd. Appoints New Director
Wednesday June 15, 9:00 am ET

CALGARY, June 15 / Dynetek Industries Ltd. ("Dynetek"), Calgary, Canada, a leader in developing, producing and marketing lightweight compressed natural gas (CNG) storage cylinders and compressed hydrogen storage cylinders, announced today that Mr. William Kenneth Kovalchuk M.B.A., C.F.A. has been appointed to the Board of Directors.

Mr. Kovalchuk is based in Montreal and is President of Claret Asset Management Corporation, a portfolio management firm specializing in providing investment expertise to private individual investors, their holding companies and foundations. Mr. Kovalchuk is a Chartered Financial Analyst. He holds a Bachelor of Commerce degree from Concordia University and a M.B.A. degree from McGill University. In 1984/85, while completing his M.B.A., he attended the Ecole des Hautes Etudes Commerciales (HEC) in Paris.

Mr. Kovalchuk held senior positions with a number of financial institutions including AMI Private Capital, Newcastle Capital and Burns Fry Limited. He is also served as past President of the Montreal Society of Financial Analysts and was the CFA Institute"s (CFAI) Presidents" Council Representative for Canada.

"On behalf of the board, I would like to say how pleased we are to have Mr. Kovalchuk join our board. He brings considerable financial experience and investment expertise that will further strengthen and diversify our board," said Robb Thompson, President and Chief Executive Officer.

Dynetek Industries Ltd. designs, produces and markets one of the lightest and most advanced fuel storage and refueling systems for compressed natural gas, low emission vehicles and compressed hydrogen, zero-emission fuel cell vehicles. Dynetek is recognized around the world for its solutions-of-choice to the alternate fuel vehicle sector, evidenced by strategic relationships with major manufacturers around the globe. Dynetek is listed on the Toronto Stock Exchange, symbol: DNK.

For further information

please contact Robb Thompson, President and Chief Executive Officer, (403) 720-0262 or 1-888-396-3835 (toll free in North America), www.dynetek.com


Source: Dynetek Industries Ltd.
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