D Mecatronics Issues Shareholder Update


MISSISSAUGA, Ontario, Oct. 22, 2007 (PRIME NEWSWIRE) -- D Mecatronics Inc. (Pink Sheets:DMTN) is pleased to update the investment community pertaining to the pending buyout of the company. This buyout is for is for all the outstanding shares of DMTN at .49 per share USD.

Berardino Paolucci, Chairman and CEO of D Mecatronics, is pleased to report, "Upon receiving shareholder approval of the buyout we intend to issue instructions to shareholders on how to proceed to turn in their stock. Certificates should be exchanged for cash via electronic form or certificate form."

"The agreement to transact the private purchase of all DMTN issued and outstanding stock for .49 USD has been approved by the D Mecatronics board of directors and also the purchaser's board of directors," said Mr. Paolucci. "In order to complete the sale process quickly and have maximum shareholder participation, we intend to proceed with an electronic proxy vote or via teleconference instead of the previously announced stockholders meeting. Instructions on how the company intends to complete the shareholder proxy vote in the timeliest manner to satisfy SEC rules will be provided through instructions by the company in a forthcoming press release. D Mecatronics' board of directors has no explanation of the recent and current stock activity and volatility. We want to insure our shareholders that we are moving very quickly to complete the sale process, and press releases on our activities will be released and communicated as they occur."

About D Mecatronics Inc.: (http://www.dmecatronics.com/)

D Mecatronics Inc. supplies 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.

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.



            

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