Business & Finance
Business and Finance
Business and Finance
Wed, June 30, 2010 Deltrona?s Manufacturing Business Generates $2.03 Million in Revenue, $127,700 in EBITDA
GARDEN GROVE, Calif.--([ BUSINESS WIRE ])--Deltron, Inc. (OTCBB:DTRO) is pleased to report strong financial performance for its manufacturing business. In 2009 Deltrona™s wholly owned polyurethane manufacturing company generated $2,032,000 in revenue and $127,700 in earnings, before interest, taxes, depreciation and amortization (EBITDA). Deltron believes the division will significantly increase revenue and production this year given its improvement in year over year sales.
"Deltron is proud of Elascoa™s solid 2009 financial results. We believe sales and revenue will increase throughout this year. Elasco has ramped up to meet increasing demand from existing customers, brought in new business and received very exciting inquiries from potential new customers."
Wholly owned subsidiary Elasco, Inc. is an engineered plastics and polyurethane molding and manufacturing company that has been in business since 1979. Elasco has a highly efficient production facility in Southern 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.
Elasco has built a successful business producing recreational and industrial products for a wide range of customers and applications. The company makes products for the recreational roller skate and skateboarding markets including high performance wheels and components sold to original equipment manufacturers (OEMs). Elasco has established a leadership position in this growing niche market. The company also produces a variety of industrial products used in assemblies and machinery where a long lifecycle is required. Products include fire hydrant seals, exercise equipment rollers, and bowling pin setter pads and liners.
Henry Larrucea, Deltron CEO, commented: aDeltron is proud of Elascoa™s solid 2009 financial results. We believe sales and revenue will increase throughout this year. Elasco has ramped up to meet increasing demand from existing customers, brought in new business and received very exciting inquiries from potential new customers.a
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 DTROa™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 DTROa™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.
