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DTRO Deltron Inc (CE)

0.000001
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Deltron Inc (CE) USOTC:DTRO OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Deltron Manufacturing Achieves Growth in Sales of High Performance Wheels

28/07/2010 8:55pm

Business Wire


Deltron (CE) (USOTC:DTRO)
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Deltron, Inc. (OTCBB: DTRO) is pleased to announce that its manufacturing division is achieving significant increases in sales of high performance roller skate wheels. The market for quad skates and wheels is growing, spurred by rising popularity of roller derby and skating leagues worldwide. Deltron’s wholly owned Elasco, Inc. subsidiary has increased sales of its proprietary polyurethane wheels to existing quad skate OEM customers by 116% this year.

The United States Roller Sports Organization reports roller derby is among the fastest growing sports, with approximately 500 women’s leagues in 16 countries worldwide. According to the Women’s Flat Derby Association, roller derby’s unique amateur sports model has fostered an explosion in its global popularity. The flat track version of the sport was born in 2001, growing from one league to fifty leagues by 2005 and encompassing nearly 500 in 2010.

The roller skate industry is a tight community with a handful of established quad skate OEMs. Deltron manufactures and sells original and replacement wheels to the top vendors, creating proprietary formulations that meet performance specifications including grip control, speed, durability, size, weight, surface compatibility, and color variety.

Henry Larrucea, Deltron CEO, commented: “Customers in the roller skate industry tell us that what started as a grassroots recreational activity has spread quickly, growing into an international phenomenon that is just now hitting its stride. By leveraging our longstanding relationships, manufacturing capabilities and reputation within the recreational equipment industry, Deltron is carving out a leadership position in what is now a rapidly growing niche market. We are pleased to see dramatic increases in sales and expect demand for our new lightweight, better performing wheels to rise as quad skating gains in popularity.”

Deltron’s Elasco established a leadership position in the recreational skating industry as the sole North American manufacturer of polyurethane wheels used on Rollerblade™ skates from 1993 through 1997, Rollerblade’s heyday. Elasco made millions of wheels for Rollerblade during that period.

Elasco, a wholly owned subsidiary of Deltron, is a growing polyurethane and plastics design, molding and manufacturing company serving customers since 1979. Earlier this month Deltron reported a 60% increase in revenue for the first six months of this year versus January to June of 2009. This increase is driven in large part by additional orders from existing roller skate manufacturing customers. Sales of Elasco’s innovative skate wheels to have increased by 116% from January to June of 2010 over the same period last year.

About Deltron, Inc. (DTRO.OB)

Deltron acquires profitable businesses with strong management teams, substantial revenue and established market positions. As a division of Deltron, 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.

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