MISSISSAUGA, Ontario, Oct. 1, 2007 (PRIME NEWSWIRE) -- D Mecatronics Inc. is a publicly traded company on the OTC Pink Sheets (Pink Sheets:DMTN). This dynamic corporation was formed in March of 2004 by the company's CEO, Mr. Berardino Paolucci and COO Drasko Karanovic. To date, D Mecatronics Inc. proudly oversees its two subsidiaries, each owned 100% and located in Ontario, Canada. Each of our divisions is led by accomplished and experienced management teams who contribute invaluably to the company's success and aggressive growth culture.
In today's fast-paced global economy, manufacturers face greater challenges than ever before. Shorter product life cycles, enhanced product quality expectations and decreased production costs are causing companies to take a closer look at their current manufacturing processes.
If you were to join us here in Toronto, Ontario and walk the entirety of our facility, you would gain a greater appreciation of the truly comprehensive nature of our capabilities and this is why D Mecatronics would like to extend an invitation to all interested parties to enjoy a walk through of our new Plant. Beginning October 8th all interested are encouraged to contact Vice President Dino Paolucci Jr. to book a time for a tour and discussion of our operations. Nowhere is the scope of our endeavors more apparent than in integration, where everything we do for our customers is brought together to work in concert. With our ability to provide a completely integrated solution including programming, endefector tooling and guarding customer receives a guaranteed working solution for their application, ensuring them a successful launch of production in their facility.
D Mecatronics has invested millions in expansions, technology, training, and machine tools, and expects to continue growing and be an important part of the Toronto business community well into the future. Along with aggressively seeking out new work and a positive economic outlook to fuel the optimism, several customers have brought work back to D Mecatronics.
In addition, the company founder and owner, Berardino Paolucci, has also been in negotiations regarding an expansion project to add a similar facility in Eastern Europe.
The automotive industry continues to power the engine of business growth in Eastern Europe. Companies including Toyota, Kia, Suzuki, Hyundai and their suppliers are taking advantage of lower operating costs and an expanding market in these former Soviet-dominated nations. D Mecatronics' entrepreneurial culture, manufacturing expertise, and our commitment to the development of innovative automotive products, have resulted in an extensive discussion for an expansion into the Eastern European Markets.
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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.