WILLMINGTON, Del., Dec. 15, 2003 (PRIMEZONE) -- Delta Capital Technologies, Inc. ("Delta") (OTCBB:DCTN), a diversified holding company, today announced that it has retained Rubin Investment Group, Inc. ("RIG") to assist Delta prepare and execute a non-dilutive debt financing strategy to complete the targeted acquisition of 24 Hour Emergency Glass ("24-Hour")
Martin Tutschek, President of Delta Capital Technologies, commented: "Delta is at a point where it is appropriate and necessary to retain a sophisticated investment banking firm to move us to the next level. Dan Rubin and his team of approximately 440 employees have a proven track record of adding shareholder value to small cap companies. After considering RIG's recent accomplishments, I am confident that we have chosen wisely.
Dan Rubin, President of RIG, said: "We are excited to be working with Mr. Tutschek and his team to assist the company in its continued growth initiatives. As with all our clients, my team is now focused and committed to helping Delta achieve its financial and corporate objectives. We have proven our commitment to our most recent client company, Pacific CMA Inc. (AMEX:PAM), which just recently listed on the American Stock Exchange from the OTC BB. We will work diligently and efficiently to provide the same level of performance for Delta."
About Rubin Investment Group, Inc ("RIG")
RIG is a private investment-banking firm that specializes in providing financing to small cap companies trading on the OTC Bulletin Board market. With offices in Florida, New York and Los Angeles, RIG provides direct access to the worlds leading capital markets for both small startup companies and established, growing organizations. RIG provides targeted services primarily in Block Share Transactions, Equity Financing, and Research. Additional information is available on the web at www.rubininvestmentgroup.com.
24-Hour Emergency Glass
24 Hour has been in operations since 1986 and has become the pre-eminent glass provider for the film and television industry in the Lower Mainland of British Columbia. Today, when glass is required on any production set, 24 Hour is the first choice for the local industry.
From 1996 to 2002, sales increased from CDN $659,000 to CDN $1,175,000 per year. For the period August 1, 2003 to October 31, 2003, sales exceeded CDN $880,000, with booked orders of an additional CDN $1 million through November to February 2004. Projected sales in British Columbia for fiscal 2004 are CDN $2.5 million (vs. CDN $1.5 million for fiscal 2003), representing approximately CDN $900,000 of pre-tax income. 24 Hour plans to expand into Los Angeles in 2004 where the glass expense component for film production is equal to USD $130,000,000.
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. Delta recently entered into an agreement to acquire a 30% interest in ("24 Hour") for USD $1,000,000.