Deltron Achieves 56% Quarterly Revenue Increase
September 20 2010 - 8:00AM
Business Wire
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.
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