Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > D Mecatronics Inc. Issues Acquisition Update

Abstract:
D Mecatronics Inc. (Pink Sheets:DMTN) is pleased to announce that the negotiations continue with the Investment Banking Group and the process is moving forward pending the continued due diligence process by both parties.

D Mecatronics Inc. Issues Acquisition Update

MISSISSAUGA, Ontario, Canada | Posted on October 10th, 2007

At this time the current offer is for a complete purchase of the company for $120 million USD. This offer is being reviewed by the board of directors of both companies.

Given the fact that new market opportunities have just recently been opened to D Mecatronics not only in the automotive industry but also in the Medical Device manufacturing industry, the Board of Directors of D Mecatronics feel that it is very critical to review all opportunities that exist for the company. The medical device industry in the U.S. was estimated in excess of $86 billion in 2006. This does not include the nanotechnology, drug delivery or combination products.

Bernardino Paolucci, CEO of D Mecatronics Inc. adds: "This new market opportunity that has recently been presented to us has changed the dynamics of our company and has opened up several new opportunities for us to pursue new and exciting lines of business that until very recently were not part of our business plan. We are very confident that given these new market opportunities combined with our existing expertise in the automotive industry will allow us to maximize shareholder value and ultimately our shareholders will decide on the final valuation to be put on the company."

####

About D Mecatronics Inc.
D Mecatronics Inc. supplies components, integrated systems and robotic modules to the world's top ten automotive suppliers. Through independent subsidiaries the Company offers sector and technology specific solutions to enable our customers to dramatically accelerate time-to-market and revenue.

To date, the Company's primary activities include design, build and installation of tube-related automated systems used by automotive parts and assembly suppliers. The Company is currently offering products such as Seat Frame Systems, IP Tube systems and Integrated Bend-Weld Systems for the automotive industry.

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.

For more information, please click here

Contacts:
D Mecatronics Inc.
Dino Jr. Paolucci, Director of Public Relations
(905) 672-7669
Cell: (905) 399-9814

Copyright © PrimeNewswire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

University of Minnesota engineers make sound loud enough to bend light on a computer chip: Device could improve wireless communications systems November 28th, 2014

Study details laser pulse effects on behavior of electrons November 28th, 2014

Single-atom gold catalysts may offer path to low-cost production of fuel and chemicals November 28th, 2014

Production of Anticancer Drug from Nanofibers in Iran November 28th, 2014

Automotive/Transportation

Single-atom gold catalysts may offer path to low-cost production of fuel and chemicals November 28th, 2014

Purdue 3-D printing innovation capable of making stronger, lighter metal works for auto, aerospace industries November 20th, 2014

OCSiAl Builds Worldwide Partnership Network November 12th, 2014

NEI Development Update on NANOMYTEŽ TC-5001, a Protective Coating for Zinc-Plated and Galvanized Steel November 8th, 2014

Acquisitions/Mergers/Splits

Keysight Technologies Begins Trading as Independent Company November 3rd, 2014

PEN Inc. Chairman, Scott Rickert, Will Webcast a Live Company Update September 25, 1 PM EDT September 17th, 2014

State University of New York Trustees Unanimously Approve SUNY Polytechnic Institute (SUNY Poly) as New Name for Merged SUNY CNSE / SUNYIT September 9th, 2014

PEN Inc. Announces New Trading Symbol: PENC: Stock Continues Trading on the OTCQB September 3rd, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More












ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE