SOURCE: Dyna Group International, Inc.

 
 
Mar 18, 2009 17:38 ET

Dyna Group International (DGIX.PK) Releases 4th Quarter 2008 Financials

NEW BRAUNFELS, TX--(Marketwire - March 18, 2009) - Dyna Group International, Inc. (PINKSHEETS: DGIX) announced today revenues of $12,866,999 for the twelve months ended December 31, 2008, a decrease of $5,115,557, or 28.4%, as compared to the twelve months ended December 31, 2007. This decrease in sales is directly related to the decline in the economy. Net income (after gain/loss on investments) decreased from $1,419,422 in the first twelve months of 2007 to ($691,591) in the same time period of 2008.


                                                    12 months ended
                                                      December 31
                                              ============================
                                                  2008           2007
                                              -------------  -------------
Revenues                                         12,866,999     17,982,556
                                              -------------  -------------
Operating Income (loss)                             185,762      1,896,373
                                              -------------  -------------
Income Tax (expense)                               (180,024)      (753,897)
                                              -------------  -------------
Other comprehensive income/(loss)                  (670,513)        98,953
                                              -------------  -------------
Net Income (loss)                                  (691,591)     1,419,442
                                              -------------  -------------
Earnings per share                                    (.090)          .190
                                              -------------  -------------


The above information is based on unaudited GAAP financial statements.

Dyna Group International, Inc. is a Nevada corporation and conducts all of its business through its wholly owned subsidiary, Great American Products.

Some of the statements in this news release may be forward-looking statements that may involve certain risks and uncertainties. Investors and others are cautioned that the forward-looking statements are based on estimates, projections, beliefs, and assumptions of management and are not guarantees of future performance.

Contacts:
Sandra Tristan, Controller
Roger Tuttle, CEO
830-620-4400
www.gap1.com
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