Humm something happening with DMTN already?
MISSISSAUGA, Ontario, Sept. 28, 2007 (PRIME NEWSWIRE) -- D Mecatronics Inc. (Pink Sheets:DMTN) is pleased to issue this shareholder update.
Berardino Paolucci, Chief Executive Officer of D Mecatronics, said; "I am pleased to update shareholders on the recent discussions with a European Investment Company who has shown an interest in our company. They have informed us that they are not interested in a merger but instead they are interested in the purchase of the company's assets."
Mr. Paolucci adds, "This European investment group has had extensive experience with the automotive sector in Europe and has been on the acquisition hunt for quite some time. They have indicated to us that they see tremendous upside to the business in Europe and with an eye on expansion into Asia. They have indicated to us a very clear understanding of where they would like to take the business and with there contacts have a very aggressive growth strategy in mind."
"The Board of Directors for D Mecatronics Inc. expects to have a formal response to this purchase offer within 72 hours, and we will inform all our shareholders at that time," stated Mr. Paolucci.
