MISSISSAUGA, Ontario, Dec. 4, 2006 (PRIME NEWSWIRE) -- D Mecatronics Inc. (Pink Sheets:DMTN) designs, manufactures, and markets industrial and consumer products. Through independent subsidiaries we provide state-of-the-art automation technology solutions to enable customers to dramatically accelerate time-to-market and increase revenue.
D Mecatronics Inc. is pleased to announce that it has issued over 50,000,000 dollars in proposed work for the next year.
"Recent developments with large Automotive Tier 1 businesses and their suppliers (one of which is of the world's largest auto parts manufacturer and a fortune 500 company and ranks among Fortune Elite) make us quite confident we will reach our sales goals as projected in our business plan," said Drasko Karanovic, CEO of D&R Technology, Inc. "The organization has seen tremendous growth in all facets from revenues to the addition of corporate staff that will lead us into the future, and as we head into 2007 we are looking forward to record growth as well as record revenues."
Dino Jr. Paolucci (Vice President/Director) commented, "D Mecatronics has true potential for substantial revenue growth in 2007, 2008 and 2009, as the Company continues to bring its innovative automation products to a market, which demands continue to grow exponentially year after year. D Mecatronics has a very accomplished and committed management team that is well connected and focused on major success for the company and maximizing shareholder value, which I believe will be the key in proving profitable for many years to come."
As the company continues to increase revenues, a portion of funds will be allocated to expedite the company's product development schedules, strategic partner initiatives and expansion into markets outside of North America.
About D Mecatronics Inc.
D Mecatronics Inc. is a recognized technology pioneer and market leader in the area of Engineering, Design and the Manufacturing of automated solutions for the Automotive Industry and is rapidly becoming one of the world's leading providers of automated manufacturing solutions, which are used primarily by three of the top ten Tier 1 automotive part suppliers in the world. The Company also makes precision components and tooling using its own custom-built manufacturing systems, process knowledge and automation technology.
The D Mecatronics Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2180
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.