Dynamic Energy Alliance Corporation Announces 2011 Results

Dynamic Energy Alliance Corporation Announces 2011 Results

MEMPHIS, Tenn., April 16, 2012 (GLOBE NEWSWIRE) -- Dynamic Energy Alliance
Corporation (OTCQB:DEAC) today announced fiscal year 2011 financial results.
Full financial statements and corresponding commentary can be found in the
Company's Form 10-K, which was filed with the Securities and Exchange
Commission on April 16, 2012.

Financial Results for the Twelve Months ended December 31, 2011

Total revenue for the Company's fiscal year ended December 31, 2011 was
$1,580,302, compared to no revenue reported during fiscal year 2010. The
Company's revenue is attributable to fees generated from the Company's
Transformation Consulting (TC) unit, which receives commission revenues
through a management services agreement that was in place prior to the merger
of the Company with Dynamic Energy Development, subsidiary.

The Company's Net Operating Income for the fiscal year ended December 31, 2011
was $180,948. Operating expenses for the fiscal year ended December 31, 2011
were $1,399,354, compared to no operating expenses reported during fiscal year
2010. The Company's 2011 operating expenses were comprised of $652,510 in
general and administrative expenses; $408,506 for the engagement of consulting
services related to due diligence and planning; and $338,338 in project
development costs. Other expenses incurred during 2011 include $2,000,000 for
impairment loss on intangible assets; financing charges of $1,624,052; and
$45,300 in interest expense. The Company's net loss for the fiscal year ended
December 31, 2011 was $3,503,904, or $0.06 per share, basic and fully diluted,
based on the weighted average number of 64,218,655 Common shares outstanding.

2011 Highlights

  *The Company acquired Dynamic Energy Development Corp. and began building
    its presence in the recoverable energy sector. James Michael Whitfield was
    named Chief Executive Officer and President in conjunction with the
    transaction
  *The Company changed its name to Dynamic Energy Alliance Corporation and
    changes it fiscal year to calendar year from one ending August 31.
    Subsequently, the Company's ticker symbol changed to DEAC from MAMM
  *Charles R. Cronin, Jr. was named Chairman
  *Shareholders received a three for one split of their DEAC Common stock
  *Management negotiated and transacted the conversion of more than
    $1,500,000 of debt into equity (restricted shares)
  *Per its business plan, the Company identified and began discussions to
    acquire, or partner with the owners of, specific technologies related to
    the pyrolysis method of fuel extraction as it relates to the recovery of
    materials from abandoned tires
  *The Company initiated discussions for the retention of expert due
    diligence and project planning resources, such as Jacobs Engineering,
    EcoSystems Environmental, Inc., Ventech Engineers, Inc. and TechNip USA,
    to assist it in its plans to build the first Pyrol Black Energy Campus.

"We're pleased with the direction our Company is taking; we've used 2011 to
pursue relationships and technologies that we believe will be integral to the
development of our first five million tire-per-year pyrolysis facility. The
actions we've taken during the first quarter of 2012 have moved us much closer
to our goal of transforming used and abandoned tires into oil, gas and carbon
products," stated Charles R. Cronin, Jr., Chairman of Dynamic Energy Alliance
Corporation. "During 2011, we solidified our business plan and made changes
and additions to the corporate structure that have enabled us to more deeply
and efficiently analyze appropriate technologies and opportunities, and we
look forward to implementing our plans this year."

About Dynamic Energy Alliance Corporation

Dynamic Energy Alliance Corporation (DEAC), www.dynamicenergyalliance.com, is
a development stage energy and recycling company focused on identifying,
combining and enhancing existing technologies with proprietary recoverable
production and finishing processes to produce synthetic oil, carbon black,
gas, and carbon steel from waste feedstock. This process is expected to be
accomplished with limited residual waste product and significant reductions in
greenhouse gases compared to traditional processing. To maximize this
opportunity, the Company has developed a scalable, commercial
developmentstrategy to build "Energy Campuses" with low operational costs and
long-term, recurring revenues. The Company's management anticipates breaking
ground on its next generation plant in summer 2012.

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Forward-Looking Safe Harbor Statement:

This press release contains forward-looking statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. By their nature, forward-looking statements and forecasts involve
risks and uncertainties because they relate to events and depend on
circumstances that will occur in the near future. Forward-looking statements
speak only as of the date they are made, are based on various underlying
assumptions and current expectations about the future. We caution readers that
any forward-looking statements are not guarantees of future performance and
that actual results could differ materially from those contained or implied in
the forward-looking statements. Such forward-looking statements include, but
are not limited to, statements about the transactions described herein, future
financial and operating results, the combined company's plans, objectives,
expectations and intentions and other statements that are not historical
facts. In some cases, you may identify forward-looking statements by words
such as "may," "should," "plan," "intend," "potential," "continue," "believe,"
"expect," "predict," "anticipate" and "estimate," the negative of these words
or other comparable words. These statements are only predictions. One should
not place undue reliance on these forward-looking statements. The
forward-looking statements are qualified by their terms and/or important
factors, many of which are outside the Company's control, involve a number of
risks, uncertainties and other factors that could cause actual results and
events to differ materially from the statements made. The forward-looking
statements are based on the Management's beliefs, assumptions and expectations
about the Company's future performance and the future performance of its
subsidiaries, taking into account information currently available to the
Company. These beliefs, assumptions and expectations can change as a result of
many possible events or factors not all of which are known to the Company. The
Company will update this forward-looking information only to the extent
required under applicable securities laws. Neither the Company nor any other
person assumes responsibility for the accuracy or completeness of these
forward-looking statements.

For a discussion of these risks and uncertainties, please see our filings with
the Securities and Exchange Commission. Our public filings with the Commission
are available from commercial document retrieval services and at the website
maintained by the Commission atwww.sec.gov.



DYNAMIC ENERGY ALLIANCE CORPORATION
(Formerly MAMMATECH CORPORATION)
                                                           
CONSOLIDATED STATEMENTS OF OPERATIONS
                                                           
                                        YEAR ENDED DECEMBER 31,
                                                           
                                         2011                2010
                                                           
Revenue                                  $ 1,580,302         $ --
                                                           
Expenses                                                    
Project development costs                338,338             --
Consulting services                      408,506             --
General and administrative expenses      652,510             --
                                        1,399,354           --
                                        180,948             
Net operating income                                         --
                                                           
Other Expenses                                              
Impairment loss on intangibles           2,000,000           --
Interest expense                         45,300              --
Financing charges                        1,624,052           --
                                                           
Loss before provision for income tax     (3,488,404)         --
                                                           
Provision for income tax                 (15,500)            --
                                        $ (3,503,904)      
Net Loss                                                     $ --
                                                           
Basic and fully diluted loss per share   $ (0.06)            $ (0.00)
                                                           
Weighted average number of common shares                    
outstanding – basic and diluted (Note 1  64,218,655          10,000
below)
                                                           
(1)The capital accounts of the Company have been retroactively restated
to reflect the equivalent number of common shares based on the exchange     
ratio of the merger transaction in determining the basic and diluted
weighted average shares.



DYNAMIC ENERGY ALLIANCE CORPORATION
(Formerly MAMMATECH CORPORATION)
                                                        
CONSOLIDATED BALANCE SHEETS
                                                        
                                       DECEMBER 31,
                                       2011              2010
                                                        
ASSETS                                                   
Current                                                  
Cash                                    $ 7,652           $ 3,955
                                                        
Total Assets                           $ 7,652           $ 3,955
                                                        
LIABILITIES                                              
Current                                                  
Accounts payable and accrued expenses   $ 206,115         $ 1,023,468
Income taxes payable                    15,500            --
Loans payable to a related party        89,584            --
Contingent consideration payable        996,414           --
Convertible debentures payable          --                123,000
Total Liabilities                      1,307,613         1,146,468
                                                        
STOCKHOLDERS' DEFICIT                                    
Common stock                                             
Authorized:                                              
Preferred stock, Series A convertible :
50,000,000 shares authorized, par                        
value: $0.0001 (Note 1 below)
Common stock: 300,000,000 shares
authorized, par value: $0.0001 (Note 1                   
below)
Issued and Outstanding:
Preferred stock: 7,732,824 shares (2010 773               --
- nil shares)
Common stock: 81,304,504 shares (2010 - 8,130             1
10,000 shares)
Additional paid-in capital (Note 2      3,636,745         99
below)
Accumulated deficit                     (4,945,609)       (1,142,613)
Total Stockholders' Deficit             (1,299,961)       (1,142,513)
                                                        
Total Liabilities and Stockholders'     $ 7,652           $ 3,955
Deficit
                                                        
(1)The capital accounts of the Company have been retroactively restated
to reflect the equivalent number of common shares based on the exchange     
ratio of the merger transaction in determining the basic and diluted
weighted average shares.
(2) The March 9, 2011 capital accounts of the Company have been
retroactively restated to reflect the equivalent number of common shares    
based on the exchange ratio of the merger transaction.

CONTACT: Robert Bleckman
         Dynamic Energy Alliance Corporation
         (901) 414-0003, extension 2006
         robert@dynamicpetro.com
 
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