MISSISSAUGA, Ontario, May 7, 2007 (PRIME NEWSWIRE) -- D Mecatronics Inc. (Pink Sheets:DMTN) 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.
Mr. Dino Paolucci proudly comments, "As we experience what seems to be a perpetual storm in our industry, where many suppliers are suffering or dying, we continue to thrive at D Mecatronics. The stresses of our industry have created many opportunities for us, that we have tried to capitalize upon, and we have had success in doing so. The key drivers for that success include the following: innovative approaches to product and production. We emphasize continuous improvement in all aspects of our operations until the product life has been completed, meeting customer cost and design objectives, always looking for innovative approaches and a better way to meet customer objectives, where there is a win-win outcome, maintaining a strong balance sheet with the financial capacity to take advantage of opportunities, whether it be to buy equipment or process, or to expand our plant, or to add new product lines, or to add business or assets, focusing on automation and flexible manufacturing, and partnering well where appropriate.
"All these drivers are based on our entrepreneurial and decentralized structure that is unique to D Mecatronics.
"The simple fact is that we believe that the long term outlook of our industry is stable with many opportunities for suppliers who are innovative, cost effective and build great products. People will continue to buy vehicles in North America, our customers will continue to make them, and suppliers will continue to make parts for them, so the market is and will continue to be there. If we can be the best at what we do, will win work, both new work directly from customers and take over work from suppliers who die. And, we believe, new customers will want us to work for them and with them.
"Our immediate focus has been and continues to be North America, where there have been and remain great opportunities to service our customers.
"We are a market leader and leading competitor in metal tube forming systems. As we have grown and will grow our North American operation, we also focus on, where appropriate, utilizing the best equipment available, automating where we can, flexible manufacturing techniques, and well trained people. At the same time, we recognize that our customers are moving to global platforms more commonality of product, and we are poised to take advantage of those situations, either by establishing an appropriate local presence or partnering with the best local partners we can in order to offer the customer a complete and seamless solution.
"We enjoyed the support of our shareholders, our customers and our employees, who are our most important resource and we thank you all.
"We will continue to strengthen our company. Your executive management team will continue to work hard to achieve success. We are supported by a tremendous group of people here at D Mecatronics."
Kindest Regards,
Dino Paolucci Jr. Vice President & Director
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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.