CHANDLER, Ariz., Nov. 17, 2011 (GLOBE NEWSWIRE) -- Ecoland International, Inc. (OTCBB:ECIT) today announced following the completion of the D&R acquisition, Ecoland International Inc. has now appointed a new board of directors. The newly appointed directors are Drasko Karanovic, Berardino Paolucci and Veljko Pjevac. These new directors collectively bring over 80 years of proven leadership experience in building and scaling companies for exponential growth.
"We are extraordinarily fortunate to have the opportunity to add Mr. Karanovic, Mr. Paolucci and Mr. Pjevac to our team," said David Wallace, CEO of Ecoland International. "With their experience, unique insights and credentials in building and managing organizations, they will provide a new and valuable dimension to our board and help direct the growth of our company both in the United States and internationally."
In addition, the Board is pleased to announce that Drasko Karanovic will continue to serve as D&R Technology Inc. President and Chief Executive Officer. Mr. Karanovic is a seasoned professional with over 20 years of executive management and Board experience. He has served as the President and CEO of D&R for the last seven years and with his extensive knowledge of automotive industry and automated processes led the company to today's market position: Preferred supplier of tube processing systems to all major automotive industry suppliers. "Companies like Johnson Controls, Faurecia and Toyota Boshoku benefit from our state of the art technologies. We are a full service provider of turn-key production solutions. Our experience is firmly rooted in fabrication solutions for automotive components. Our expertise in the areas of robotics, automation and machinery for CNC bending, forming, piercing, assembly and laser cutting is applicable to a wide range of production solutions. Our production solutions are highly customized to the unique requirements of our customers. We combine our experience with intense customer involvement to develop systems and processes that match the latest technology with customer manufacturing needs for the right solution. This collaborative approach results in robust and innovative solutions for customers who come back to D&R Technology time and time again," said Mr. Karanovic
Berardino Paolucci has over 30 years of experience in technology, management and consulting and is currently serving as Director of Operations at D&R. Mr. Paolucci will also act as Special Advisor to the Board and has been instrumental in recruiting the management team and helping set the vision for the future. "From my experience in building businesses, I know that one of the most significant determining factors of success in early-stage companies is the management team," added Mr. Paolucci. "I am delighted to be a part of this particular management team. We are creating the structure that will ensure leadership positions in business segments as we expand in new growth areas."
Veljko Pjevac is known internationally for his vision and experience in processing applications. With over 30 years of experience and previous engagements in directing companies with over 300 employees Mr. Pjevac joined D&R from the beginning.
"This appointment of the Board comes at a critical time, as we are laser-focused on developing the company into a key player in the new markets. The depth of experience of our directors is well matched for the challenges and opportunities ahead," Mr. Pjevac concluded.
About D&R Technology Inc. - www.dnrtechnology.com
D&R Technology 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. It is emerging as one of the world's leading providers of automated manufacturing solutions, which are used 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 Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Company, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, potential contracts, and/or aspects of litigation. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, Ecoland International Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions. Persons are encouraged to read our Annual Report on Form 10-K for the year ended May 31, 2011 and our other documents subsequently filed with the Securities and Exchange Commission for meaningful cautionary language in respect of forward-looking statements in this press release. Interested persons are able to obtain free copies of filings containing information about the Company at the SEC's internet site (http://www.sec.gov). The Company assumes no obligation to update any of these forward-looking statements.