When turning the camcorder on it comes up with

when turning the camcorder on it comes up with "press the reset switch" on the screen and it feels like it is trying to eject the tape even though the tape cover is closed. After pressing the reset switch it seems to think about it and then repeats the message "press the reset switch". Occasionally I can get it to work but it has become very temrpramental. The camera has had very little use since i purchased it new and is kept in excellent condition.
Any help appreciated as this is a good little camera and I have always bought panasonic products as they have never let me down (until now!)
Cheers,
Iain, Sydney Australia