For me:
C:\>dmake -V
dmake - Version 4.12.2.2 (Windows / MS Visual C++)
Copyright (c) 1990,...,1997 by WTI Corp.

Default Configuration:
        MAXLINELENGTH := 32766
        MAXPROCESSLIMIT := 64
        .IMPORT .IGNORE: DMAKEROOT
        .MAKEFILES : makefile.mk makefile
        .SOURCE    : .NULL
        DMAKEROOT *= $(ABSMAKECMD:d)startup
        MAKESTARTUP := $(DMAKEROOT)\startup.mk

Please read the NEWS file for the latest release notes.

C:\>