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Dyna Group International (DGIX.PK) Releases 3rd Quarter 2009 Financials

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  Published in House and Home on Tuesday, November 3rd 2009 at 15:05 GMT by Market Wire
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NEW BRAUNFELS, TX--(Marketwire - November 3, 2009) - 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 -------------------------------------------- 2009 2008 --------------------- --------------------- Revenues $7,800,551 $9,964,735 --------------------- --------------------- 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 --------------------- --------------------- 

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.