WILMINGTON, Del., Dec. 4, 2003 (PRIMEZONE) -- Martin Tutschek, President of Delta Capital Technologies, Inc. (OTCBB:DCTN) reports that Sol Produce Imports, Inc. has provided the Company with Unaudited Interim Financial Statements for the six month period ending September 30,2003. These statements confirm revenue of CDN $4,316,564.
Delta's wholly owned subsidiary Albion Developments Inc. ("Albion") recently completed the acquisition of 30% of the issued and outstanding shares of Sol Produce Imports Ltd. ("Sol").
Mr. Tutschek commented, "This acquisition adds significant value to Delta and will continue to enhance the Company's ability to take advantage of the rapidly expanding Chinese economy. We are pleased with Sol's performance to date and will continue to assist them to expand their product offerings and develop new relationships with vendors around the world."
About Sol Produce
Sol's operations comprise fresh and refrigerated produce importation, wholesaling, and distribution. Sol provides procurement, repacking, warehousing, and distribution services of fresh and refrigerated produce for a wide variety of customers in retail, and food distribution businesses in Canada and the United States. With distribution facilities located in the Province of British Columbia, Sol is unique in that its operating formula consists of offering to both its customers and suppliers a broad range of products and services afforded through its efficiently managed operating division and computer systems. This provides Sol with unique synergies and a tremendous advantage in the market place, since few competitors can compete across the range of Asian products and extensive line of American products offered by Sol.
About Delta Capital Technologies, Inc.
Delta Capital Technologies, Inc. is a diversified holding company focused on creating a network of strategic business alliances and corporate partnerships in order to identify and capitalize on emerging market opportunities. Delta Capital's business plan involves acquiring both majority and minority interests in various business operations that will continue to prove beneficial to the Company's bottom line.
Cautionary Statement: This news release may include certain "Forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act, as amended. All statements, other than statements of historical fact, included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements in this release are expressly qualified by this notice.