MISSISSAUGA, Ontario, Feb. 28, 2007 (PRIME NEWSWIRE) -- D Mecatronics, Inc. (Pink Sheets:DMTN) is positioned for rapid revenue growth and strong profitability as the Company's technology is clearly applicable to a number of huge multi-billion markets, including automobile manufacturing, aircraft, large construction equipment, die cutting and other industries requiring robotic fabrication of precision metal components. D Mecatronics Inc. continues to work toward offering savvy investors a realistic opportunity for substantial capital appreciation.
D Mecatronics is presently submitting an application referred to as Form 211 to the National Association of Securities Dealers (NASD) as required under SEC Rule 15c-211 to become fully reporting and publicly traded on the OTC Pink Sheets. As previously released by D Mecatronics Inc. on February 21, 2007, the company's goal is to become a fully reporting publicly trading enterprise upon approval by the NASD.
The company expects to complete our application in the near future for submission to the NASD review panel. This review process is identical for all publicly listed companies' submitting Form 211 and normally takes several weeks before the review is complete.
Berardino Paolucci, president and CEO of D Mecatronics, Inc., stated, "We are accomplishing our goals with the dedication and assistance of our seasoned management team. Mr. Paolucci continues, "We look forward to bringing value to our stockholders of D Mecatronics, Inc. with a strong foundation in the multi-billion dollar automotive market.''
"As a result of careful planning and laying a firm foundation, we are now poised to make great strides toward our goals in offering state of the art automation technology solutions used primarily by the automotive markets. We feel it is now the appropriate time to begin the process of filing our 211 to become a fully reporting company," stated Drasko Karanovic, CEO of D&R Technology and Director of D Mecatronics.
In keeping with an assiduous effort to maintain open channels of communication with our Shareholders, allowing them the opportunity to understand the dynamics of our company, upper management of D Mecatronics Inc. have been working with an extremely reputable web-developer (www.creo-group.com) for the production of a new site, which will offer investors a very clear and in-depth view of our Company, Management and our Products. This page is scheduled to be complete with in the next two weeks.
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.