Dynamic Applications Starts Negotiations for Carbon Credit Deal in China.NEWARK, Del. -- Dynamic Applications Corp. ("Dynamic" or the "Company") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :DYAP) announced today that it has started initial negotiation discussions with coal mines in China for the purpose of tailoring a carbon credit deal. Dynamic's announcement comes following its recent statement to enter the carbon credit market. Coal mines can be a major participant in the carbon credit market. Coal mines release methane to the atmosphere. Therefore, coal mine emissions of methane can be used to generate carbon credits. Methane is a greenhouse gas greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas with a global warming potential Global warming potential (GWP) is a measure of how much a given mass of greenhouse gas is estimated to contribute to global warming. It is a relative scale which compares the gas in question to that of the same mass of carbon dioxide (whose GWP is by definition 1). generally of 21 times that of carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. . Namely, the greenhouse effect greenhouse effect: see global warming. greenhouse effect Warming of the Earth's surface and lower atmosphere caused by water vapour, carbon dioxide, and other trace gases in the atmosphere. Visible light from the Sun heats the Earth's surface. of one ton of methane is considered to be equivalent to 21 tons of carbon dioxide. One ton of captured carbon dioxide is equal to one carbon credit unit which can be traded through various trading platforms in the carbon credit market. Dynamic's initiative in the carbon credit market in China coincides with its previous statements regarding taking part in this fast evolving market and the great opportunities it provides. About Dynamic Dynamic focuses its activities in the clean tech sector and, among other initiatives, is investigating the market potential for kenaf Noun 1. kenaf - fiber from an East Indian plant Hibiscus cannabinus deccan hemp bimli, bimli hemp, Bombay hemp, Hibiscus cannabinus, kanaf, kenaf, Indian hemp, deccan hemp - valuable fiber plant of East Indies now widespread in cultivation . Kenaf is a fast-growing crop that, traditionally, has been used as a raw material for the production of ropes, bags and similar products. But, in recent years has been used in a wide range of new industrial applications, including the production of paper, bioplastics and environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] materials used in automobiles by manufacturers such as Toyota. Moreover, it has been integrated into the product lines of electronics companies such as NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , Panasonic and others. Researchers have suggested that kenaf may offer a broad range of environmental advantages, including the extraordinary capacity to absorb and store huge quantities of carbon dioxide, the gas most associated with the adverse effects of global warming
The predicted effects of global warming on the environment and for human life are numerous and varied. It is generally difficult to attribute specific natural phenomena to long-term causes, but some effects of . Accordingly, the appropriate use of kenaf might provide a substantial means of coping with global warming global warming, the gradual increase of the temperature of the earth's lower atmosphere as a result of the increase in greenhouse gases since the Industrial Revolution. . Currently, the Company is conducting a thorough survey of the kenaf market in China, which is the world's largest producer and the base for several major manufacturers incorporating Kenaf into their products. In addition the Company has started a new activity in the carbon credit market. Forward-Looking Statements: This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 with respect to the business, financial condition and results of operations of the Company. The words "believe," "expect," "intend," "plan," "should" and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views, assumptions and expectations of the Company with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in the markets in which the Company operates and in general economic and business conditions, competitive pressures, market acceptance of new products, inability to meet efficiency and cost reduction objectives, changes in business strategy, legal, regulatory and government administrative approvals and processes and various other factors, both referenced and not referenced in this press release, and any such factors could affect the Company's operations, including its operations with respect to activities with the kenaf crop and carbon credit markets. Risks and uncertainties affecting the Company and its results of operations are also described in reports filed by the Company with the Securities and Exchange Commission from time to time. The Company does not assume any obligation to update these forward-looking statements. |
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