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Dyna Group International Announces Earnings for Third Quarter 1999

20 October 1999

Dyna Group International Announces Earnings for Third Quarter 1999

    NEW BRAUNFELS, Texas--Oct. 20, 1999--Dyna Group International (OTC BB:DGIX) announced today earnings from operations for the third quarter ended September 30, 1999.

                          3rd quarter ended      9 months ended
                            September 30          September 30
                            -------------       ---------------
                            1999     1998       1999       1998
                            ----     ----       ----       ----
Revenues                2,848,549  2,669,713  6,903,630  6,342,277

Operating income (loss)    97,013    120,152    189,449     73,839

Gain on sale, net             -0-        -0-        -0-    288,819

Net earnings               97,013    120,152    189,449    362,658

Earnings per share            .01        .02        .03        .05

    Total revenues increased for the 3rd quarter 7% as compared to the 3rd quarter of 1998. For the quarter, operating income decreased from $120,152, .02 per share, to $97,013, .01 per share. The decrease is due to legal expenses and increase in accounts receivable reserve. During the 2nd quarter of 1998 the Broadview facility was sold creating a one-time gain on sale after expenses of $227,717, .03 per share.
    For the year to date, revenues increased 8.9% from $6,342,277 to $6,903,630 as compared to the same period in 1998. Operating earnings increased in 1999 $189,449 to .03 per share as compared to $73,839, .01 per share. The sale of the Broadview facility increased the net earnings for 1998 $288,819, .04 per share.
    The company recently reached a limited licensing agreement with Harley-Davidson to manufacture products bearing the HD mark. This agreement should have a significant impact on sales in the year 2000.
    The company entered the fourth quarter with a backlog of orders from the third quarter. Several of the new products introduced during the second and third quarters have been well received in the market and will contribute to an increase in sales during the fourth quarter.
    Great American Products, a wholly owned subsidiary of Dyna Group International (DGIX) is recognized as the leader in the manufacturing and distribution of pewter sports licensed collectibles. The company holds licenses with the NFL, MLB, NBA, NHL, NASCAR and 15 top drivers, ISC, WCW and others. In addition to the licensed products, Great American Products also produces a broad line of non-licensed collectible products that are sold through a variety of retail channels. The products are prized by collectors due to their design excellence, craftsmanship and the lasting value of pewter.