A Financial Technology Sector Transaction News Dynamics Secures 5 7 mm in Financing Led by Adams Capital Management PITTSBURGH PA September 24 2009

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A Financial Technology Sector Transaction News Dynamics Secures 5 7 mm in Financing Led by Adams Capital Management PITTSBURGH PA September 24 2009 Powered By Docstoc
					A                             Financial Technology Sector Transaction News


    Dynamics Secures $5.7 mm in Financing Led by Adams Capital Management


PITTSBURGH, PA --- September 24, 2009 --- Dynamics Inc., an innovator in next-generation payment
cards, announced today that it has closed an initial, oversubscribed $5.7 million Series A round of
financing led by Adams Capital Management. Joel Adams, Founder and General Partner of Adams
Capital Management, joins the Dynamics Inc. Board of Directors.

The company produces a paper-thin, flexible computer platform that can be utilized in a variety of
applications such as next-generation payment cards. Dynamics has invented the world's first fully
programmable magnetic stripe that can be read at any existing Point-of-Sale (POS) magnetic stripe
reader. The card itself can change any bit of information on this programmable stripe at any given time.
The technology does not require any change to the 60 million 1970s-era magnetic stripe readers or re-
education of its merchant base.

"Dynamics has put together an experienced payments team and is delivering breakthrough technology to
the market," said Adams. "The unique mixture of payments, technology and manufacturing expertise has
created significant market traction."

"Adams Capital Management is an experienced investor, and a great partner in this first round of
funding," said Jeff Mullen, CEO Dynamics Inc. "Their support and guidance will be an important asset as
we continue to evolve as a company."

About Dynamics Inc.
The company has netted roughly $400,000 in winning many of the world's most prestigious international
business plan competitions, including the Rice Business Plan Competition, Carnegie Mellon McGinnis
Venture Competition and the University of San Francisco Business Plan Competition.

Dynamics Inc. was founded and seeded in 2007 by Jeff Mullen, its CEO. Jeff is an inventor of over 90
pending/issued patents and holds a B.S. in Electrical and Computer Engineering and an MBA from
Carnegie Mellon, as well as a JD from New York Law School. Prior to starting Dynamics, Jeff was a
patent attorney at the Fish & Neave Intellectual Property Group of Ropes & Gray LLP.

Dynamics Inc. produces and manufactures intelligent powered cards such as advanced payment cards.
Focused on introducing fast-cycle innovation to top card issuers, the company's first innovation is the
world's first fully programmable magnetic stripe for use in next-generation payment cards. The company
is based in Pittsburgh, Pa. and has an office in Silicon Valley (Cupertino), Calif.

About Adams Capital Management
Adams Capital Management is a national venture capital firm specializing in early-stage investments.
More particularly, Adams Capital Management specializes in identifying compelling market opportunities
that can be exploited by breakthrough innovations created by discontinuities in markets larger than $500
million in size. Joel Adams founded Adams Capital Management in 1994 and has led its growth to $815
million capital under management.




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         The information contained herein has been selected from company press releases or other public sources and may not be provided in its entirety.

				
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