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Dyna Group International, Inc.: Dyna Group International (DGIX.PK) Releases 1st Quarter 2009 Financials

^{Published on 2009-05-11 15:00:40, Last Modified on 2009-05-11 15:01:08 - Market Wire}
 

NEW BRAUNFELS, TX--(Marketwire - May 11, 2009) - Dyna Group International, Inc. (PINKSHEETS: [ DGIX ]) announced today revenues of $2,392,819 for the 3 months ended March 31, 2009, a decrease of $972,429, or 28.9%, as compared to the 3 months ended March 31, 2008. Net income (after gain/loss on investments) decreased from $78,475 for the three months ended March 31, 2008, to ($63,998) in the same time period of 2009.

 3 months ended March 31 ================================== 2009 2008 ---------------- ---------------- Revenues 2,392,819 3,365,248 ---------------- ---------------- Operating Income (loss) (100,682) 134,853 ---------------- ---------------- Income Tax (expense) 32,968 (62,981) ---------------- ---------------- Other comprehensive income/(loss) 3,906 (29,302) ---------------- ---------------- Net Income (loss) (63,998) 78,475 ---------------- ---------------- Earnings per share (.01) .01 ---------------- ---------------- 

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.