Ecoland International Inc. (OTCBB:ECIT) signed a letter of intent to acquire 66.55% stake in D&R Technology Inc. from D Mecatronics Inc. (OTCPK:DMTA) on September 30, 2011. Pursuant to the terms of the letter of intent, shareholders of D&R Technology will receive share ownership in Ecoland International and management team of D&R Technology will assume operating and managerial control upon completion of the acquisition. The transaction is subject to due diligence, negotiation, execution, and delivery of a definitive merger agreement and approval of the transaction by the Boards of Directors of both Ecoland International and D&R Technology and by the stockholders of D&R Technology. As on October 24, 2011, the Boards of Directors of both Ecoland International and D&R Technology approved the transaction for definitive close date of November 4, 2011. Ecoland International Inc. (OTCBB:ECIT) completed the acquisition of 66.55% stake in D&R Technology Inc. from D Mecatronics Inc. (OTCPK:DMTA) for $0.26 million on November 4, 2011. As consideration, Ecoland issued 59 million shares for D&R Technology. Pursuant to the share exchange agreement, D&R's shareholders will receive a majority share ownership in Ecoland International and a name change will be made reflecting this change in majority share ownership. Ecoland International Inc. (OTCBB:ECIT) cancelled the acquisition of 66.55% stake in D&R Technology Inc. from D Mecatronics Inc. (OTCPK:DMTA) on January 27, 2012.