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D Mecatronics Inc. Plans to File for Listing on OTCBB and Updates Investment Community Monday December 12, 6:00 am ET
MISSISSAUGA, Ontario--(BUSINESS WIRE)--Dec. 12, 2005--D Mecatronics Inc. (Pink Sheets:DMTN - News) announced today that it plans to file a listing on the NASD Over-the-Counter Bulletin Board exchange (OTCBB). DMTN intends to start releasing quarterly financial results beginning in January 2006. The company will use a December 31 fiscal year for its accounting purposes. "DMTN is at a point in its growth where it is positive and prudent to release consolidated financials for all its divisions. I believe we have been unjustly represented in the pink sheets, and are aggressively pursuing a move to the bulletin board," stated Dino Jr. Paolucci (Director/Treasurer of D Mecatronics). ADVERTISEMENT
The company is aggressively seeking more contracts. The current projects totaling approximately 2.8 million are expected to be completed before the company begins working on a number of larger projects in January and February. Management expects to disclose these new projects in the near future.
Note, since the dissemination of our last press release D Mecatronics workload has increased from 2.5 million to 2.8 million.
Dino Jr. Paolucci (Director/Treasurer of D Mecatronics), said, "Due to confidentiality, we are unable to disclose any particulars other than to state that we are in negotiations with several companies that will help us increase our revenues tremendously. We expect a preliminary agreement to be drafted in the near future at which time the real value of these contracts can be released."
"We expect that with the new upcoming developments for D Mecatronics Inc. our price per share will reflect our true value."
As well President & CEO Berardino Paolucci is very proud to announce the continual progression forward regarding the Sloe Exclusive North American distribution rights of Varstroj product line (www.varstroj.si) which he anticipates to bring additional revenues to D Mecatronics shortly into the New Year.
D Mecatronics is proud of their working ethics and business principals and are aggressively positioning the company for a very prosperous New Year.
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