Berman DeValerio Announces Shareholder Suit Against Dyadic International, Inc.

WEST PALM BEACH, FL (AMEX: DIL) in federal court, accusing the company of securities law violations, Berman DeValerio announced today.

Berman DeValerio (www.bermanesq.com) filed the class action complaint on November 21, 2007 in the Southern District of Florida. The complaint, filed as 07-81105-Civ-Ryskamp/Vitunac, seeks damages for violations of federal securities laws and remedies under the Securities Exchange Act of 1934 (the "Exchange Act").

The class action was filed on behalf of all investors who acquired Dyadic securities from April 5, 2006 through and including April 23, 2007, as well as purchasers in the Company's Private Placement that closed on December 1, 2006 (the "Class Period"). Dyadic International is a biotechnology company based in Jupiter.

To receive a copy of the complaint, you may contact the court, call Berman DeValerio's Florida office at [phone], or click here to download a copy.

The lawsuit claims that Dyadic and an individual defendant violated Sections 10(b) and 20(a) of the Exchange Act, 15 U.S.C. Sections 78j (b) and 78t(a) and Rules 10b-5 promulgated thereunder by the Securities and Exchange Commission ("SEC"), 17 C.F.R. Section 240.10b-5.

According to the complaint, Dyadic filed materially false and misleading financial statements with the SEC during the Class Period and made materially false and misleading statements about the Company's operations in Hong Kong and China. These alleged violations ultimately led to a self-imposed trading halt of the Company's securities on the American Stock Exchange on April 23, 2007, an internal investigation, and the termination and resignation of senior management at the company.

According to the complaint, Dyadic's investigation revealed that the Asian subsidiaries' management secretly controlled their largest customer, who represented approximately 25 percent of about $6.1 million in the Asian subsidiaries' reported net sales for 2006. The customer purchased products from the subsidiaries and re-sold them on a cash basis to businesses in mainland China, apparently allowing these businesses to avoid Chinese reporting and sales tax requirements. On May 21, 2007, Dyadic announced that it would abandon its Hong Kong and mainland China operations.

If you acquired Dyadic securities from April 5, 2006, through and including April 23, 2007, or were purchasers in the Company's Private Placement that closed on December 1, 2006, you may wish to contact the following attorneys at Berman DeValerio to discuss your rights and interests.

Michael J. Pucillo, Esq.
Jay W. Eng, Esq.
222 Lakeview Avenue, Suite 900
West Palm Beach, FL 33401
[phone]
[e-mail]

If you wish to apply to be the lead plaintiff in this action, a motion on your behalf must be filed with the court no later than December 11, 2007. You may contact the attorneys at Berman DeValerio to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action, or you may submit information online by clicking here. Please note, you may also retain counsel of your choice and need not take any action at this time to be a class member.

Berman DeValerio prosecutes class actions nationwide on behalf of institutions and individuals, chiefly victims of securities and antitrust law violations. The firm has 30 lawyers in Boston, San Francisco and West Palm Beach.

Contact: Jay W. Eng, Esq. or Michael J. Pucillo, Esq. [phone]