NEW BRAUNFELS, TX, Nov 03, 2009 (MARKETWIRE via COMTEX News Network) -- Dyna Group International, Inc. (PINKSHEETS: DGIX) announced today
revenues of $7,800,551 for the nine months ended September 30, 2009,
a decrease of $2,164,184, or 21.8%, as compared to the nine months
ended September 30, 2008. Operating income (loss) was ($242,684)
compared to a gain in 2008 of $354,926. Net income (loss) was
($252,497) as compared to a loss in 2008 of ($116,348).
We are continuing to feel the effects of a slow economy, however are
encouraged that we showed a small operating profit in the 3rd quarter
of
$114,817.
9 months ended
September 30
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2009 2008
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Revenues $7,800,551 $9,964,735
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Operating Income (loss) (242,684) 354,926
--------------------- ---------------------
Income Tax (expense) 130,079 (126,712)
--------------------- ---------------------
Other comprehensive
income/(loss) (139,892) (344,562)
Net Income (loss) ($252,497) ($116,348)
--------------------- ---------------------
Earnings per share (.034) .016
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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
SOURCE: Dyna Group International, Inc.
http://www.gap1.com
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