DMTN..among their top customers are Ford, General Motors (GM), Toyota, DaimlerChrysler, Nissan and Honda...word is that nice news is coming.. ;)
Primary State of Incorporation: Delaware
Outstanding Shares: 160,000,000 as of 2007-05-05 Insiders hold 80% of O/S
Restricted Shares: 135,000,000
Float: approx 35,000,000
Authorized Shares: 250,000,000 as of 2007-05-05
Transfer Agent:
Signature Stock Transfer
T:(972)612–4120 F:(972)612-4122
With a Purchase Order of USD750,000 and Sales Exceeding 2.3 Million Dollars, D Mecatronics Remains Poised to Obtain Financial Projections for Fiscal Year 2007
MISSISSAUGA, Ontario, April 25, 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.
D Mecatronics Inc. 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, aeronautic and medical fields. D Mecatronics Inc. continues to work toward offering savvy investors a realistic opportunity for substantial capital appreciation.
As an unrelenting result of providing state-of-the-art technology and features gained from extensive expertise in industrial automation, D Mecatronics Inc. is pleased to announce yet another purchase order of USD750,00. To date, D Mecatronics sales now exceed USD2,323,000 for 2007 and management is extremely excited to present such wonderful developments to our shareholders and the investment community, as we remain on track to obtain our financial projections for fiscal year 2007.
The global automotive manufacturing industry operates in an increasingly aggressive marketplace whose performance is tied directly to performance of the large and growing retail automobile industry. The top six companies in the global manufacturing industry are General Motors (GM), Toyota, Ford, DaimlerChrysler, Volkswagen and Honda, and of those D Mecatronics Inc. have produced machines which supply parts and components for five of the top six manufacturers in world.
Today, the OEM's are globally producing over 54 million new vehicles per year. Achieving a small percentage of the total market share could translate into over $50 million in annual sales. In the automotive market, D Mecatronics Inc. is a major supplier of production lines which produces integrated seating and interior systems. D Mecatronics Inc's automotive solutions are delivering parts for several major automotive brands including Ford, General Motors (GM), Toyota, DaimlerChrysler, Nissan and Honda.
Well-Known References
An exceptionally high standard of quality, excellent customer relationships and strong mutual trust are the building blocks of the company. This is a philosophy that its customers also appreciate. For over three decades, well known automotive parts suppliers worldwide have been investing in D Mecatronics management team's automation solutions and, in doing so, D Mecatronics have gained a competitive edge.
The D Mecatronics Inc. logo is available at primenewswire.com
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.
CONTACT: D Mecatronics Inc.
Dino Jr. Paolucci, Vice President & Director
(905) 625-5111
dinopaolucci@rogers.com
www.dmecatronics.com |
