VANCOUVER--(Business Wire)--
Dynamotive Energy Systems Corporation ("Dynamotive" or the "Company") (OTCBB:
DYMTF), a leader in biomass-to-biofuel technology, today announced that, the
Company has filed its audited 2008 year end financial statements as well as its
first quarter 2009 interim financials.
A year end update by way of a letter to shareholders is available on the
Company`s website at www.dynamotive.com
About Dynamotive
Dynamotive Energy Systems Corporation is an energy solutions provider
headquartered in Vancouver, Canada, with offices in the USA and Argentina. Its
carbon/greenhouse gas neutral fast pyrolysis technology uses medium temperatures
and oxygen-less conditions to turn dry, waste cellulosic biomass into BioOil for
power and heat generation. BioOil can be further converted into vehicle fuels
and chemicals. Operational updates are regularly posted on the company`s website
at www.dynamotive.com
About BioOil® Biofuel
BioOil® is an industrial fuel produced from cellulose waste material. When
combusted it produces substantially less smog-precursor nitrogen oxides (`NOx`)
emissions than conventional oil as well as little or no sulfur oxide gases
(`SOx`), which are a prime cause of acid rain. BioOil® and BioOil Plus™ are
price-competitive replacements for heating oils #2 and #6 that are widely used
in industrial boilers and furnaces. They have been EcoLogo certified, having met
stringent environmental criteria for industrial fuels as measured by Environment
Canada`s Environmental Choice Program. BioOil® can be produced from a variety of
residue cellulosic biomass resources and is not dependent on food-crop
production.
Forward Looking Statement
Statements in this news release concerning the company's business outlook or
future economic performance; including the anticipation of future plant
start-ups, partnerships, consortiums, teaming agreements, government assistance,
other anticipated cash receipts, revenues, expenses, or other financial items;
and statements concerning assumptions made or expectations as to any future
events, conditions, performance or other matters, are "forward-looking
statements". Forward-looking statements are by their nature subject to risks,
uncertainties and other factors which could cause actual results to differ
materially from those stored in such statements. Such risks, uncertainties and
factors include, but are not limited to, changes in energy prices, availability
of capital, and the company's ability to access capital on acceptable terms or
any terms at all, changes and delays in project development plans and schedules,
customer and partner acceptance of new projects, changes in input pricing,
competing alternative energy technologies, government policies and general
economic conditions. These risks are generally outlined in the company's
disclosure filings with the Securities and Exchange Commission.
Dynamotive Energy Systems Corporation
Brian Richardson, Chief Financial Officer, 604-295-6804
Switchboard: (604) 295-6800
Toll Free (North America): 1-877-863-2268
Fax : (604) 295-6805
Email: info@dynamotive.com
Website: www.dynamotive.com
Copyright Business Wire 2009
