Deltron Manufacturing Increases Revenue 60%
July 14 2010 - 3:00AM
Business Wire
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 months.
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
times.
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.
Deltron (CE) (USOTC:DTRO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Deltron (CE) (USOTC:DTRO)
Historical Stock Chart
From Jul 2023 to Jul 2024
