Deltron, Inc. Announces New Management
22 May 2012 - 2:23AM
Marketwired
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.
Deltron, Inc. (727) 735-2054
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