DTRO Deltron Inc (CE)

Deltron, Inc. (OTCBB: DTRO) is pleased to report positive second quarter financial results including notable increases in revenue and gross profit. For the quarter ended March 31, 2011, Deltron’s wholly owned manufacturing subsidiary increased revenue by 36.5% and increased gross profit by 322% over the second quarter last year.

Deltron’s wholly owned Elasco, Inc. subsidiary is a profitable engineered plastics and polyurethane molding and manufacturing company. In business since 1979, Elasco provides complete design and manufacturing services including prototype work, mold and tooling design, manufacturing, custom casting, plastic injection molding and proprietary polymer mixing. The company owns and operates a highly efficient vertically integrated production facility in Garden Grove, California.

Deltron’s Elasco generated revenues of $823,500 for the three months ended March 31, 2011 versus revenues of $603,503 during the same period in 2010. This represents an increase of $219,997 or 36.5%.

Deltron’s wholly owned subsidiary also achieved a significant increase in profitability. For the three months ended March 31, 2011, the company increased gross profit to $186,713 from $44,192 during the same period last year. This represents an increase of $142,521, or 322%.

Henry Larrucea, CEO of Deltron, commented: “Deltron has achieved another quarter of healthy financial growth by expanding revenue while decreasing the cost of sales, improving plant efficiency, and augmenting our customer base. With a 322% increase in profitability and a 36.5% boost in revenue this quarter we believe we are on a significant growth trajectory for the year.”

         

Elasco Inc.

Summary financial information

 

for the three months ended March 31,

                                           

2011

2010

 

Sales

823,500 603,503  

Gross Profit

186,713 44,192  

EBITDA

71,445 -40,436  

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 32-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.