Dynasty Limousine Inc. Is Awarded Transportation Contract With the Department of the Navy

SOURCE: Dynasty Limousine Inc.

JACKSONVILLE, FL–(Marketwire – August 16, 2010) –  Dynasty Limousine Inc. (PINKSHEETS: DNYS), a full service Luxury Transportation and Limousine firm covering the southeast United States, has been awarded a contract to provide transportation services to the Department of the Navy. The initial contract period is for one year with a three year renewal option. The specific terms of the contract are to provide transportation services to both NAS Jacksonville and NAS Mayport, however the contract also provides clearance for usage by the following agencies; Army and Air Force Exchange Service, U.S. Army Family and MWR Command, Air Force Non-appropriated Fund Purchasing Office, U.S. Marine Corps Personal and Family Readiness Division, Navy Exchange Command, Commander Navy Installations Command, Fleet and Family Readiness, Coast Guard Exchange System, and other Federal activities not specifically named in this contract.

In addition to the above stated contract award, Dynasty Limousine Inc. has recently placed a substantial bid for Hurricane Evacuation transportation with the Air Force. A decision on the Air Force contract is expected in late September.

About Dynasty Limousine Inc.

Dynasty Limousine is a full service Limousine and Transportation firm with offices in Jacksonville and Orange Park, Florida. The Company was founded in 1998 and currently operates a fleet of 15 Limousines, Luxury Sedans, and Limousine Buses with service areas primarily in the Florida and Georgia markets. The Company is a member of the National Limousine Association, and has a nationwide affiliate network to handle all domestic service requests. Dynasty currently has 16 employees, and is actively seeking acquisitions and expansion into additional markets.

Dynasty maintains an A+ accredited BBB rating, and was named a National top three finalist for “Limousine Operator of the Year” by LCT Magazine for both 2009 and 2010. Additional company information may be accessed via Dun and Bradstreet, Pinksheets.com, or by visiting the Investor Relations area located on our corporate websites. At the time of this release, the total number of shares issued and outstanding is 4,636,425 with a current float of 688,900 shares.

Forward-Looking Statements

Forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this release, are forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company’s products and services, increased levels of competition for the Company, new products and technological changes, the Company’s dependence on third-party vendors, and other risks detailed in the Company’s prospectus and periodic reports filed with the Securities and Exchange Commission. Dynasty Limousine Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact:
Pierce Fleming
Vice President / Investor Relations
Dynasty Limousine
11857 San Jose Blvd.
Jacksonville, Florida 32223
(904) 268-7171
Email Contact

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