TORONTO – March 1, 2021 – Dynamic Technologies Group Inc. (TSXV: DTG, OTC:ERILF) ( the “Company”) is pleased to announce that Jerry Pierson has been appointed President & Chief Operating Officer of the Company, subject to TSXV approval.
Jerry has over 25 years in the themed attraction business and has been leading Dynamic’s organization in the US , based out of Orlando, for the past three years in addition to managing the controls department for the Company. “Controls integration and mechatronics technology and the associated intellectual property have become a core competency and forms the nucleus of the Dynamic’s IP,” stated Guy Nelson, Executive Chairman and CEO. “Our pivot as a Company to leveraging the intrinsic value of our IP, makes Jerry the perfect person to assume the President and COO position for Dynamic Technologies Group.” This promotion includes being President and COO of Dynamic Attractions, Dynamic Entertainment and Dynamic Structures.
Hao Wang, who joined the Company’s Dynamic Attractions division in 2017, will be leaving his post as President and COO for personal reasons, and returning to his home in Toronto. “I am pleased to announce that Hao has been appointed to the Board of Directors of the Company effective immediately, which will help to make a smooth transition of leadership to Jerry in managing Dynamic Attractions and the ride manufacturing division,” added Nelson. One of the initiatives that Hao put in place was to develop a strong and cohesive management team in an effective organizational structure with efficient operational processes, as well as a succession plan for the company’s key functions. Hao becoming a member of the Company’s Board of Directors, will further ensure a smooth transition and continuity of processes and momentum that Hao has diligently put in place.
This is an incredibly momentous time for the Company as we will see some of the most technologically complex and exciting rides in the world that we have designed, built and commissioned, come into service in theme parks around the world throughout 2021. It is also a very exciting time to see the flying theatre attraction come into operation this summer in The Island theme park in the Smoky Mountains of Tennessee. Dynamic has an option to purchase a 50% interest in this attraction. This foundation uniquely positions the Company for future growth and continued innovation. Our industry, our customers and their guests are about to experience why we do what we do and exactly what we mean when we say, TECHNOLOGY DRIVES THE DYNAMIC DIFFERENCE !
About Dynamic Technologies Group Inc.
Dynamic is a world leader in the design engineering, production, and commissioning of iconic, media-based attractions and ride systems for the global theme park industry and entertainment destinations. It also applies these same engineering integration and problem solving skills for special projects in diversified industries such as alternative energy and large optical telescopes and enclosures. Dynamic also has commenced an initiative to leverage its world class flying theater products and attraction development capability on a co-venture ownership basis. It was selected as a 2020 TSX Venture 50 company. The 2020 TSX Venture 50 is a ranking of top performers on the TSX Venture Exchange over the past year. The ranking is comprised of 10 companies from each of 5 industry sectors, with Dynamic being selected in the Diversified Industry category. Selection was based on three equally weighted criteria; share price, trading and market capitalization. Dynamic’s common shares are listed on the TSX Venture Exchange under the symbol DTG.
For more information about the Company, visit www.dynamictechgroup.com or contact:
| Guy Nelson | Allan Francis |
| Executive Chair & CEO | Vice President – Corporate Affairs and Administration |
| Phone: (416) 366-7977 | Phone: (204) 589-9301 |
| Email: gnelson@dynamictechgroup.com | Email: afrancis@dynamictechgroup.com |
Reader Advisory
This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Empire’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, ‘‘budget’’, “booked”, ‘‘scheduled’’, “positions”, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’, “believes” or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, “may be”, ‘‘could’’, “should”, ‘‘would’’, ‘‘might’’ or ‘‘will’’, ‘‘occur’’ or ‘‘be achieved’’. Such statements include statements with respect to: (i) Smooth transition of responsibilities from Hao Wang to Jerry Pierson, (ii) the opening of the flying theatre attraction at the Island theme park and Dynamic exercising its option to purchase 50% of the attraction, and (iii) the future growth and innovation by the Company. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Empire believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, and other factors, many of which are beyond the control of the Company. The forward-looking statements contained in this news release represent Empire’s expectations as of the date hereof, and are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities regulations.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
