ISIM News .0012
Deltron, Inc. Announces New Management
2012-05-21 12:23 ET - News Release
NEW YORK, NY -- (Marketwire) -- 05/21/12
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.
