Deltron, Inc. (OTCBB:DTRO) is pleased to report robust financial performance for the quarter ended June 30, 2010. Deltron’s wholly owned manufacturing subsidiary generated a 56.4% increase in revenue, improved profitability and increased operational efficiency over the second quarter last year. Deltron’s year-to-date revenue has increased by 60.7% over last year.

Wholly owned subsidiary Elasco, Inc. is a growing engineered plastics and polyurethane molding and manufacturing company. Elasco has been in business for 31 years producing recreational and industrial products. With a vertically integrated production facility in Garden Grove, California, the company provides complete design and manufacturing services including prototype work, mold and tooling design, manufacturing, proprietary polymer mixing, custom casting and plastic injection molding.

Deltron’s Elasco generated revenues of $854,999 for the three months ended June 30, 2010 versus revenues of $546,503 for the same period in 2009. This represents an increase of $308,496 or 56.4%.

In the six month period ended June 30, 2010, Deltron’s manufacturing subsidiary generated revenue of $1,458,501, an increase of 60.7% over revenue of $907,152 for the same period in 2009. For the 12 months ended December 31, 2009 Elasco generated $2,023,000 in revenue and $127,700 in earnings before interest, taxes, depreciation and amortization (EBITDA).

Henry Larrucea, Deltron CEO, commented: “Factors including strong demand from customers in the recreational products industry, the expansion of our customer base, the introduction of several new products, improved operational efficiency and reduced costs from increased productivity, and continued overall economic recovery have propelled our second quarter performance. Deltron is pleased to post another quarter of increased revenue and market penetration and anticipates additional growth this year.”

About Deltron, Inc. (DTRO.OB)

Deltron acquires profitable businesses with strong management teams, substantial revenue and established market positions. Wholly owned Elasco is a proven innovator in product manufacturing with a 31-year operating history, diverse customer base and vertically integrated manufacturing facility in Garden Grove, California. Blu Vu, a division of Deltron, is a developer of proprietary closed circuit rebreather technology and components that go beyond conventional scuba systems to enable commercial and recreational divers to go deeper, stay underwater longer and recover faster.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. DTRO has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect DTRO’s current beliefs and are based upon information currently available to it.

Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the DTRO’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. DTRO undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

Deltron (CE) (USOTC:DTRO)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024 Plus de graphiques de la Bourse Deltron (CE)
Deltron (CE) (USOTC:DTRO)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024 Plus de graphiques de la Bourse Deltron (CE)