May 19 2009
Dynamic Applications Corp. ("Dynamic" or the “Company”) (OTC:DYAP) announced today that it has decided to enter the carbon credit market. This market was formed, in general, following the Kyoto Protocol, which required that signatory countries reduce their green house gases ("GHG") to set target levels.
Accordingly, a carbon credit market has evolved whereas activities that are recognized as reducing GHG levels, usually through technology utilization, are traded with activities that exceed their GHG limits. Consequently, a growing number of polluting plants around the world are trading carbon credits so they can achieve their allowed polluting levels. According to public sources the carbon credit market is estimated to involve trading of billions of dollars of carbon credits with constant growth streaming from growing demand by countries that are wishing to trade carbon credits in order to manage or reduce their levels of greenhouse gases.
The Company's carbon credit activity is added to its kenaf related activity, which Dynamic has recently initiated. The kenaf crop is used by many industries as an eco-friendly natural raw material. It is believed to have an extraordinary ability to absorb huge quantities of carbon dioxide and accordingly be entitled to carbon credit payment. Thus, Dynamic believes there is a direct synergy between the carbon credit activity and its kenaf activity of which it can benefit greatly.
Dynamic believes that it can utilize its sound networking, business development abilities and knowledge to take a share in the great opportunities that are provided by the carbon credit market.