Dynamic Signs Memorandum of Understanding for Distribution of HydraGen(TM) Hydrogen Generator

TORONTO, June 28, 2012 (GLOBE NEWSWIRE) -- Mr. Grove Bennett, President of Dynamic Fuel Systems Inc. (DYA.V) ("Dynamic" or the "Corporation"), is pleased to announce negotiations pertaining to a non exclusive Master Distributor Agreement with Contractor's Tank Inc. of California has culminated in the signing of a Memorandum of Understanding.

Under the terms of the MOU and subject to the execution of a definitive Master Distribution Agreement, Contractor's Tank Inc. will obtain the rights to undertake final assembly, installation and support responsibilities for HydraGenTM. Contractor's Tank Inc will also be responsible for servicing resellers of the HydraGenTM.

Contractor's Tank Inc is a newly established entity under the ownership of Mr. Tom Pistacchio of Newport Beach, California and Mr. Dave Roach of Hanford, California. It occupies a 10,000 square foot facility in Madera, CA.

Mr. Pistacchio offers extensive industry knowledge, expertise and connections to the Dynamic's distribution channel. Prior to acquiring America's Trailer Company (see the link below) Mr. Pistacchio owned and operated 7 Kenworth Dealerships.

http://www.americastrailercompany.com/site/

Mr. Roach has extensive business experience having owned his own architectural services firm for 33 years prior to its sale. Mr. Roach now serves as the Chief Pilot for Sterling Executive Charter of Fresno, California.

"We are very pleased to have reached this stage of discussions," stated Mr. Jim Payne, CEO of Dynamic. The principles behind Contractor's Tank Inc. represent ideal distribution partners for Dynamic's products. They have immediate access to and fully understand the needs of the heavy duty trucking industry and our target customers.

"As a technology company, we recognize the need to develop distribution relationships with well respected industry players," adds Grove Bennett, President of Dynamic. This is representative of our new business model, that we believe, once fully developed will yield very positive results.

"I wish to extend to the Board and management of Dynamic Fuels our excitement at reaching this stage of the discussions towards becoming a Master Distributor for this exciting new product. During the past three years, we have worked closely with Dave Sikkema to put forward the HydraGen application and testing for the California Air Resource Board (CARB) exemption. As you know, that process was successful and Dynamic Fuels in now in possession of the CARB exemption. Our work in this regard has allowed us to become very knowledgeable with the HydraGen technology and we are truly believers in this product," states Mr. Dave Roach.

About Dynamic Fuel Systems Inc.

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Dynamic Signs Memorandum of Understanding for Distribution of HydraGen(TM) Hydrogen Generator