DNA Dynamics to Issue 30 Million Shares for Pending Acquisition

Posted on Thu, Aug 25, 2011

LEAMINGTON SPA, United Kingdom, Aug. 25, 2011 (GLOBE NEWSWIRE) — DNA Dynamics (Pink Sheets:DNAD) announces today that it has agreed the outline terms for another key acquisition. Working with its attorney, DNA Dynamics will issue 30m shares of restricted common stock to be released at key milestones over the next 90 days. The stock will remain restricted for at least 12 months from the date they are transferred from Escrow and will continue as restricted stock for as long as the holders remain in the business.

As the full deals terms are still being negotiated, DNAD is unable to release full details of the parties involved but, in the interest of shareholder transparency, the Board felt compelled to give the investment community as much notice as possible of the addition to the issued share capital.

The acquisition gives DNAD access to the very lucrative Social Gaming / MMO market and the many millions of online players via platforms such as Facebook(TM) that brings.