CALGARY, July 30, 2012 /CNW/ - Dynetek Industries Ltd. ("Dynetek") (TSX: DNK) it has been requested by the Investment Industry Regulatory Organization of Canada to provide a comment on the recent trading activity in Dynetek's common shares. Dynetek advises, that in accordance with previous disclosure, Dynetek is continuing to evaluate the strategic alternatives available to Dynetek, including conducting negotiations with a third party regarding a potential sale of the company. However, there is no binding agreement in place. As a result, there can be no assurance as to the terms on which a transaction may occur or that a transaction will occur at all.
Dynetek is a leading participant in the global clean technology space and a leader in the design and manufacture of proprietary fuel storage systems. Dynetek 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's common shares are listed on the TSX under the symbol "DNK".
SOURCE: Dynetek Industries Ltd.
For further information:
Douglas Pigot, Executive Chairman
Dynetek Industries Ltd.
4410 - 46th Avenue SE
Calgary, Alberta T2B 3N7
Tel Calgary: 403-720-0262
Toll free: 1-888-396-3835