OTOW NEWS. (OTCBB: DTRO) Announces Millions in Revenue From Its Subsidiary Elasco, Inc.
Date : 07/01/2010 @ 4:00AM
Source : MarketWire
Stock : IO News Wire (OTOW)
Quote : 0.0058 0.0038 (190.00%) @ 5:20PM
(OTCBB: DTRO) Announces Millions in Revenue From Its Subsidiary Elasco, Inc.
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Deltron Inc. (OTCBB: DTRO) announced yesterday that their wholly owned subsidiary Elasco posted over $2,000,000 in revenue and over $125,000 in earnings before EBITA (earnings before interest, taxes, depreciation and amortization) for their 2009 year end financials.
Elasco, based in Southern California, manufactures plastic and polyurethane products for many diverse applications including the recreations and components industries -- most recently securing a potentially lucrative supplier and patent agreement with a Fortune 500 Company to design, test, and manufacture polyurethane based housing units for LED (Light Emitting Diode) lighting applications.
Deltron, Inc. acquires companies with a long history of overall profitability and a strong focused management team. As Elasco continues to expand in its market overall revenue should increase, further enabling Deltron to acquire subsidiaries to integrate into its current structure.
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