posted D Mecatronics, Inc. (Pink DMTN): D Mecatronics designs, manufactures, and markets industrial and consumer products. Through independent subsidiaries we offer sector and technology specific solutions to enable companies to dramatically accelerate, time-to-market, and revenue. D Mecatronics strategy is to build a global enterprise focused on technologies with growth potential. Our growth will be stimulated by share gains, aggressive new product development, international expansion and acquisitions. We are aggressively pursuing our goal to achieve superior financial results through building an outstanding team and a high quality portfolio, empowered by sustainable business model. D Mecatronics will operate within business segments focused on different industry areas. Website:http://www.dmecatronics.com/ RTQ's and L-II Montage:http://www.pinksheets.com/quote/quote.jsp?symbol=DMTN
YellowSubmarine
posted D Mecatronics Inc. Announces Positive Interim Financial Results 12/20/2005 9:25:01 AM
MISSISSAUGA, Ontario, Dec 20, 2005 (BUSINESS WIRE) -- D Mecatronics Inc. (Pink Sheets:DMTN) addresses multi-billion dollar markets with huge demand for their superior, cost-effective products. The Company is positioned for rapid growth in revenues and profits and has an impressive and highly-qualified management team that is focused on maximizing shareholder value and becoming a global leader in their industry niche. "As the Company's dynamic growth progress continues, we envision that investors will discover this hidden gem in (DMTN)," states Dino Jr. Paolucci, Vice President/Director/Treasurer of D Mecatronics.
After diligently working with their corporate S.E.C. certified accountant, management is proud to release their updated interim financial results which have increased dramatically since this period in 2004. Total revenues for the first nine months of 2005 have increased by 2500% to $1,400,000, compared to $56,000 during the same period in 2004 (Note: the discussed revenues are for period ending September 30, 2005).
To date D Mecatronics sales have now exceed $3,000,000 and as the Company's Business strategies are implemented we believe that our revenue stream will dramatically increase over the next five years.
"We are extremely pleased with the year over year record revenue growth at D Mecatronics Inc. We expect to continue to show increased revenues and a trend toward consistent profitability as our increased revenues and production efficiencies begin to take effect during the coming year. We believe that building a solid balance sheet will allow us to continue our fundamental growth," stated President & CEO Berardino Paolucci.
"We have demonstrated that our vision for new product development is consistent with our customers' requirements and with that we delivered very good financial results for our shareholders," stated Drasko Karanovic President of D & R Technology (a wholly owned subsidiary of D Mecatronics).
To continue to offer superior state-of-the-art automation technology solutions which enables our customers to dramatically accelerate time-to-market product, D Mecatronics has invested over $300,000 in research and development over the last twelve months.
The Company (D&R Technology) has applied for Scientific Research and Development Tax credits (SREDS) with the Government of Canada and the Province of Ontario. For the tax period ended March 31, 2005, the Company applied and was approved for combined tax credits of $108,000 (CDN $135,000). Note that the approval was based on an in-depth Financial Audit from Revenue Canada.
SOURCE: D Mecatronics
D Mecatronics Inc. Dino Jr. Paolucci, 905-625-5111 Cell: 905-399-9814 E-Mail: dinopaolucci*rogers.com Web site: www.dmecatronics.com
.
foxtrot6
posted
Picked up a little today at .02, lets see what happens
posted