Deltron, Inc. (PN) (USOTC:DTRO)
Historical Stock Chart
5 Years : From Dec 2008 to Dec 2013
Deltron, Inc. (OTCBB:DTRO) is pleased to report an 60% increase in
revenue for its Elasco, Inc. manufacturing subsidiary. Between January
and June of 2010, Deltron’s wholly owned subsidiary generated $1,458,501
in revenue and is on track for continued growth during the next six
Deltron’s Elasco is a polyurethane and plastics design, molding and
manufacturing company with a production facility in Southern California
and 31 years in business. Sales have increased in the first six months
of the year due in large part to increases in orders from recreational
products providers. Elasco is seeing significantly more custom orders
for high performance roller skate and skateboard wheels from clients who
require quick turnaround, a variety of colors and models, and high
quality materials. As Deltron’s California-based subsidiary can provide
faster delivery, smaller quantities, and higher quality manufacturing
processes and raw materials, many customers are selecting Elasco over
Chinese manufacturers which require larger volume orders and long lead
Henry Larrucea, Deltron CEO, commented: “This is a growth year for our
polyurethane manufacturing business. At the half-way mark we have
already topped last year’s revenue. We see positive indicators of
continued growth this year from product orders from existing customers
as well as anticipate sales to new customers. The recovery is lifting
within our niche markets and customers are responding to our ability to
provide a diverse range of high quality polyurethane formulations
delivered quickly and cost effectively.”
Deltron’s manufacturing subsidiary generated revenue of $1,458,501 in
the six month period ended June 30, 2010, an increase of 60% over
revenue of $907,152 in the six month period ended June 30, 2009.
About Deltron, Inc. (DTRO.OB)
Deltron acquires profitable businesses with strong management teams,
substantial revenue and established market positions. Wholly owned
subsidiary Blu Vu 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. Wholly owned Elasco is a proven
innovator in product manufacturing with a 30-year operating history,
diverse customer base and vertically integrated manufacturing facility
in Garden Grove, California.
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.