MISSISSAUGA, Ontario, Sept. 20, 2007 (PRIME NEWSWIRE) -- D Mecatronics Inc. (Pink Sheets:DMTN) is pleased to announce plans for expansion into the Mexican market.
Drasko Karanovic, D Mecatronics' Chief Operations Officer is pleased to report, "Our Company has finalized a move into a new 21,000 square foot facility. This facility is 100% bigger than our previous premises. This new facility was necessary given the order flow that we have seen from our big clients. It will also allow us to enter the Mexican market and compete with some international companies. The Mexican market is our first target for international expansion."
"The Mexican market is a billion dollar market with over 20.6 million vehicles on the road in Mexico in 2007," continued Mr. Karanovic. "Numerous American and international multinationals have established operations in Mexico. Our team is ready to tackle the clients' needs in this market and we expect the quality of products to speak for themselves. The Mexican auto market is currently eleventh in auto production worldwide. They expect that Mexico will be fifth in auto production by 2011. Mexico will be a great place for D Mecatronics for many years to come."
About D Mecatronics Inc.: (www.dmecatronics.com)
D Mecatronics Inc. is supplying components, integrated systems and robotic modules to the world's top ten automotive suppliers. Through independent subsidiaries The Company offers sector and technology specific solutions to enable our customers to dramatically accelerate time-to-market and revenue.
To date, the Company's primary activities include design, build and installation of tube related automated systems used by automotive parts and assembly suppliers. The Company is currently offering products such as Seat Frame Systems, IP Tube systems and Integrated Bend -- Weld Systems for the automotive industry.
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.