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DESCRIPTION OF BUSINESS
9 Months Ended
Sep. 30, 2011
Description Of Business 
Note 1.DESCRIPTION OF BUSINESS

Dynamic Energy Alliance Corporation (formerly Mammatech Corporation) (“MAMM” or the “Company”), through its wholly-owned subsidiary, Dynamic Energy Development Corporation (“DEDC”), is initiating a plan for commencement of a business to develop, commercialize, and sell innovative technologies in the renewable energy sector. DEDC will create a full cycle process for converting discarded tires to shelf ready, salable fuel and carbon products.

 

The Company was incorporated in the State of Florida on November 23, 1981 as Mammatech Corporation. The fiscal year end of the Company has now been changed to December 31 from August 31. The Company is now known as Dynamic Energy Alliance Corporation, having amended its Articles of Incorporation to change its name on September 1, 2011, but its common shares still trade under its old name (Mammatech Corporation), and its old symbol (“MAMM.OB”) in the public market.

 

Merger Acquisition by way of Share Exchange

 

On March 9, 2011, the Company effectively completed a merger acquisition transaction whereby it entered into a Share Exchange Agreement (“SEA”) with Dynamic Energy Development Corporation, a privately held corporation (“DEDC”), with DEDC becoming a wholly-owned subsidiary of the Company. All of the shares of DEDC were transferred to Dynamic Development Corporation, a Delaware corporation. This company was then merged with the Company.

 

In connection with this merger acquisition, on May 5, 2011, the Board of Directors resolved to change the Company’s name to Dynamic Energy Alliance Corporation. To date, this name change has been registered in the Company’s state of incorporation

 

The share transactions to complete the merger transaction are hereinafter collectively referred to as the “Merger.” All costs incurred in connection with the Merger have been expensed.  Following the Merger, the Company abandoned its prior business and adopted DEDC’s business plan as its principal business.

 

In addition, the director and officer of the Company were replaced by the directors and officers of DEDC.