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| | Business Summary: As of March 4, 2008, Delta Mutual Inc. was acquired by Altony SA, in a reverse merger transaction. Delta Mutual, Inc., together with its subsidiaries, provides environmental and construction technologies, and services in the Far East, the Middle East, and the United States. | | | Address 111 N Branch St
Sellersville
, PA 18960-2319
Phone: 215-258-2800
| | Auditor |
|---|
Wiener, Goodman & Company, P.C.
| | Transfer Agent |
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Standard Registrar & Transfer Agency
| Employees: 3 ShareHolders: 74 | Founded: 1999 Domicile: Delaware | | | |
| | As of March 4, 2008, Delta Mutual Inc. was acquired by Altony SA, in a reverse merger transaction. Delta Mutual, Inc., together with its subsidiaries, provides environmental and construction technologies, and services in the Far East, the Middle East, and the United States. The company's joint venture subsidiary, Delta-Envirotech, Inc., provides environmental technology services for certain business sectors located in the Far East and the Middle East. Delta-Envirotech, Inc. has a strategic alliance with ZAFF International, Ltd. to jointly pursue environmental and other projects in the Middle East; and a joint venture with PT Triyudha-Envirotech to perform energy and waste recovery operations in Indonesia. Delta Mutual, through its subsidiary, Delta Technologies, Inc., engages in the construction technology activities in the United States construction industry. The company was founded in 1999 and is based in Sellersville, Pennsylvania. | | History: INCORPORATED in Delaware Nov. 17, 1999. | | | | Subsidiaries: |
|---|
Delta Developers Corp. Delta-Envirotech, Inc.
| | | | | | Capital Expenditures, thousand. US Dollars |
|---|
| Year | Amount | | 2007 | 25 |
| | | | | | | |
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Management
|
|---|
| Officers | Position |
|---|
| Malcolm W. Sherman | Chief Executive Officer | | Martin G. Chilek | Secretary, SR VP, Treasurer, Chief Financial Officer & Investor Relations Contact | | Judith Dallas | Chief Administrative Officer |
| | Directors |
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| Malcolm W. Sherman | | | |
| | | | Capitalization as of 03/31/2009: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Common $0.0001 par | 250,000,000 | 221,849,158 |
| | | | LONG TERM DEBT: None. | | | | Common $0.0001 par | | | |
Stockholders:
04/06/2009,
74.
| |
Transfer Agent: Standard Registrar & Transfer Agency
Albuquerque
, NM | | | | OTC Bulletin Board( Primary): DLTZ | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2008 | 0.2200 | 0.0100 | | OTC Bulletin Board | 2007 | 0.1700 | 0.0200 | | OTC Bulletin Board | 2006 | 0.4900 | 0.0580 | | OTC Bulletin Board | 2005 | 0.9900 | 0.1200 | | OTC Bulletin Board | 2004 | 1.1600 | 0.1200 | | OTC Bulletin Board | 2003 | 4.0100 | 0.1200 | | OTC Bulletin Board | 2002 | 10.2000 | 0.5100 | | OTC Bulletin Board | 2001 | 2.9500 | 0.2000 |
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| | | | RECENT DIVIDENDS: Common $0.0001 par: No cash.
Common reverse split 1-for-10, Aug. 21, 2002.
Common split 5-for-1, Feb. 21, 2003. | | | | | |
| | Annual Report |
|---|
| | | Income Statement | |
| 2008 | 2007 |
|---|
| Revenue | 43,365 | - | | Costs and Expenses |
|
| | General and administrative expenses | 1,490,333 | - | | Loss on sale/exchange of assets | 860,000 | - | | Loss from continuing operations | (2,306,968) | - | | Interest income | 26,386 | - | | Interest expense | 6,746 | - | | Net loss from continuing operations | (2,273,836) | - | | Discontinued operations | (2,310,473) | 341,556 | | Net loss | (4,584,309) | 341,556 | | Share earns. basic | (0.02) | (0.01) | | Share earns. diluted | (0.02) | (0.01) |
| | | | Balance Sheet | |
| 2008 | 2007 |
|---|
| ASSETS |
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| | Current Assets: |
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| | Cash | 13,957 | - | | Investments | - | 4,709,020 | | Total Current Assets | 13,957 | 4,709,020 | | Property & Equipment - net | 804 | - | | Investments in non-consolidated affiliates | 1,780,024 | 2,300,000 | | Other assets | 650 | - | | Total Assets | 1,795,435 | 7,009,020 | | LIABILITIES AND STOCKHOLDERS' DEFICIENCY |
|
| | Current Liabilities: |
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| | Accounts payable | 363,004 | 239,552 | | Accrued expenses | 1,363,395 | - | | Convertible debt | 253,740 | - | | Notes payable | 461,208 | 2,300,000 | | Total Current Liabilities | 2,441,347 | 2,539,552 | | Stockholders' Deficiency: |
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| | Common stock $0.0001 par value | 22,185 | 13,000 | | Additional paid-in-capital | 3,762,831 | 2,587,000 | | Retained earnings (deficit) | (4,430,928) | 1,869,468 | | Total Stockholders' Deficiency | (645,912) | 4,469,468 | | TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY | 1,795,435 | 7,009,020 |
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| | Interim Report
|
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | Nil | | 2008 |
1 | Nil | | 2008 |
2 | 10,000 | | 2008 |
3 | 20,000 | | 2008 |
Full Year
| 40,000 | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
4 | Nil | | 2007 |
Full Year
| Nil | | 2006 |
1 | 160,000 | | 2006 |
2 | 100,000 | | 2006 |
3 | 20,000 | | 2006 |
Full Year
| 280,000 | | 2005 |
1 | Nil | | 2005 |
2 | Nil | | 2005 |
3 | Nil | | 2005 |
4 | 20,000 | | 2005 |
Full Year
| 20,000 | | 2004 |
1 | Nil | | 2004 |
2 | Nil | | 2004 |
3 | Nil | | 2004 |
Full Year
| Nil |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | (300,000) | | 2008 |
1 | (2,620,000) | | 2008 |
2 | (510,000) | | 2008 |
3 | (310,000) | | 2007 |
1 | (590,000) | | 2007 |
2 | (760,000) | | 2007 |
3 | (260,000) | | 2007 |
4 | (610,000) | | 2007 |
Full Year
| (2,220,000) | | 2006 |
1 | (800,000) | | 2006 |
2 | (640,000) | | 2006 |
3 | (530,000) | | 2006 |
Full Year
| (2,542,300) | | 2005 |
1 | (530,000) | | 2005 |
2 | (760,000) | | 2005 |
3 | (1,340,000) | | 2005 |
Full Year
| (2,580,400) | | 2004 |
1 | (310,000) | | 2004 |
2 | (350,000) | | 2004 |
3 | (1,740,000) | | 2004 |
Full Year
| (3,920,700) |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | Nil | | 2008 |
1 | (.20) | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
Full Year
| (.10) | | 2007 |
1 | (.10) | | 2007 |
2 | (.10) | | 2007 |
3 | (.10) | | 2007 |
4 | (.10) | | 2007 |
Full Year
| (.30) | | 2006 |
1 | (.20) | | 2006 |
2 | (.20) | | 2006 |
3 | (.10) | | 2006 |
4 | (.10) | | 2006 |
Full Year
| (.50) | | 2005 |
1 | (.30) | | 2005 |
2 | (.30) | | 2005 |
3 | (.50) | | 2005 |
4 | Nil | | 2005 |
Full Year
| (1.00) | | 2004 |
1 | (.30) | | 2004 |
2 | (.30) | | 2004 |
3 | (1.20) | | 2004 |
4 | (1.00) | | 2004 |
Full Year
| (2.80) |
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