MISSISSAUGA, Ontario, Feb. 21, 2006 (PRIMEZONE) -- D Mecatronics, Inc. (Pink Sheets:DMTN) wishes to announce today that Drasko Karanovic (President/Director of D&R Technology) is in the final stages of negotiations of contracts valued more than US$2.6 million, and an update on said contracts is anticipated to be released by the middle of March. Note that this is in addition to the US$3.6 million worth of contracts D Mecatronics, Inc. is currently working on.
If these projects are consummated, it will bring D Mecatronics, Inc.'s total revenue to more than US$6 million.
Dino Jr. Paolucci, Vice President/Director for D Mecatronics, states, "Our Company has a tradition of commitment to serving customers' needs in the best of all possible ways. We are confident that the integrated resources which we offer will provide our customers with unique benefits in the automotive marketplace and allow us a substantial growth opportunity in North America as well as globally. D Mecatronics will continue providing its customers with products and solutions that optimally meet their needs."
D Mecatronics, Inc. continues to focus on the multi-billion dollar North American market by targeting:
-- Automobile seating manufacturers and -- Manufacturers of tubing products -- Offering: -- IP Tube systems and -- Integrated Bend - Weld Systems
These particular customer segments are the most demanding in terms of engineering, technical service support and automated machinery design, and D & R Technology is very capable of providing tubing related special purpose machinery products and services to Automotive Tier 1 businesses and their suppliers.
Drasko Karanovic (President/Director of D&R Technology) comments that, "D Mecatronics, Inc. & Associates are active participants in the powerful management process that we refer to as the DMEC Customer Centric System (DCCS). This consistent and determined attitude begins with outstanding people, superior market and customer driven plans. The DCCS provides the tools and methodology to advance quality, improve customer service, and reduce cost. It's a winning formula to encourage and promote major business success and employee retention. With the continued application of this system, our on going commitment and unparalleled service, D Mecatronics will position it self to become global leaders in our industry niche."
Investors are encouraged to visit D Mecatronics' cutting-edge website at www.dmecatronics.com for further detailed information.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
The D Mecatronics, Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=2180