MISSISSAUGA, Ontario, Sept. 17, 2007 (PRIME NEWSWIRE) -- D Mecatronics Inc. (Pink Sheets:DMTN) is pleased to announce today it has started production of the Ford VN 127 Economy-line and the 470 l Toyota (Ace).
Berardino Paolucci, D Mecatronics Chief Executive Officer, commented, "Marketing our Company's 'one-stop-shop' for fabrication and engineering needs to new and current customers remains D Mecatronics driving focus. Our commitment to excellence has allowed us to secure continued orders from Johnson Controls (www.johnsoncontrols.com) and Brown Corporation (www.browncorp.com). These new purchase orders give all shareholders a feeling for how well our product is regarded in the market place."
Furthermore, Mr. Paolucci, reported, "These new orders are just the tip of the iceberg. Our sales department has been working at closing some deals with a number of multinational companies. We have a brand new facility to accommodate the rapid growth in sales. D Mecatronics expects this to be a record year for revenue and profitability. With our new facility and our new focus on large contracts, we are targeting $40 million in sales for fiscal 2008."
State of the Art industrial technology at the forefront of our industry strengthens D Mecatronics advantage over its competitors to produce innovative, high quality products quickly and efficiently. DMTN is committed to provide and manufacture products that meet and exceed market expectations, ensure competitive prices, quality performance and outstanding client services. This unique approach is a key driver to the companies overall value chain initiative as we service and offer complete manufacturing solutions to many multimillion dollar industry sectors, such as OEM Industrial and Automotive.
In this age of razor-thin margins and pressure-packed production schedules with parts requiring tight dimensional tolerances, D Mecatronics has the highest quality, safety and build-out standards. We specialize in creating comprehensive solutions to our customers' complex tooling challenges on a daily basis. Our team of mechanical engineers specializing in tooling design is challenged by customers to improve the quality of their parts, while simultaneously reducing costs, cycle times and deliveries. And, every day, our engineering team delivers.
D Mecatronics Inc. is driven to maintain profit and remain cash flow positive while we achieve our yearly goal objectives, never overlooking our responsibilities to the employees, the environment and most importantly, our shareholders.
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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.