SOURCE: Deltron

May 21, 2012 12:23 ET

Deltron, Inc. Announces New Management

NEW YORK, NY--(Marketwire - May 21, 2012) - Deltron, Inc. (OTCBB: DTRO): On March 29, 2012, the Board of Directors accepted the resignation of President /CEO, Henry Larrucea. He we will remain either as a director or consultant to the Company. Recently, Mr. Larrucea has experienced some issues with family matters which necessitate that he step down from the day-to-day management of the Company. Mr. Larrucea is succeeded by Stephen Vlahos who will in addition to the duties of President/CEO serve as Chairman of the Board of Directors and will stand for election at the next shareholders' meeting.

Mr. Vlahos is 61 years old, has extensive managerial experience in the restructuring of distressed businesses. He has over thirty (30) years' experience in the financial and securities industries. He serves on the Board of Directors of several public companies. Mr. Vlahos was graduated from Pace College, NY, with a Bachelor's Degree in Business Administration. He has been the President/ Portfolio Manager of Performance Plus Advisors, Inc., a consulting and money management firm specializing in bankruptcies and distressed debt.

Mr. Vlahos was also a Managing Director of Investments for Bishop Rosen & Co., in New York and held a similar position at Spencer Clark LLC.

Additionally, Christopher Kelleher resigned from the Board of Directors. The vacancy caused by his resignation is being filled by Kevin Jasper. Mr. Jasper is the President and Chairman of Insight Management Corporation (PINKSHEETS: ISIM) and has spent most of his career in the private sector as a CEO and Director for small corporations in the commercial recording industry, real estate industry and international entertainment distribution industry. Mr. Jasper will serve in this capacity for the remainder of Mr. Kelleher's term of office.

ABOUT DTRO: Deltron, Inc. is the parent company of Elasco, Inc., an innovative manufacturer of a wide variety of polyurethane molded parts, and Blu Vu Oil and Gas Exploration, Inc., D/B/A the BluVu Store, a developer of life support and breathing technology for use in extreme environments. Its new corporate offices are located at:

Deltron, Inc.
705 Bruce Avenue
Clearwater Beach, FL 33767
(727) 735-2054

As contemplated by the provisions of the Safe Harbor section of the Private Securities Litigation Reform Act of 1995, this news release may contain forward-looking statements pertaining to future, anticipated, or projected plans, performances and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates or predictions of future results or events and there can be no assurance that actual results or events will not materially differ from expectations. Further information on potential factors that could affect Deltron, Inc. is included in the Company's filings with the Securities and Exchange Commission. We expressly disclaim any intent or obligation to update any forward-looking statements.

Contact Information

  • Deltron, Inc.
    (727) 735-2054