OTC Bulletin Board

S & P Company Insight for DELTA MUTUAL INC NEW
 
 Profile

 
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
  Standard Registrar & Transfer Agency
Employees:  3
ShareHolders:  74
Founded:  1999
Domicile:  Delaware
 
  
 
 Background

 
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
  2006  89
  2005  361
 
 
  
 
 Management

 

Management
OfficersPosition
 Malcolm W. ShermanChief Executive Officer
 Martin G. ChilekSecretary, SR VP, Treasurer, Chief Financial Officer & Investor Relations Contact
 Judith  DallasChief Administrative Officer

Directors
 Malcolm W. Sherman
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  20082007
Revenue43,365-
Costs and Expenses
General and administrative expenses1,490,333-
Loss on sale/exchange of assets860,000-
Loss from continuing operations (2,306,968)-
Interest income26,386-
Interest expense6,746-
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
  20082007
ASSETS
Current Assets:
Cash13,957-
Investments -4,709,020
Total Current Assets13,9574,709,020
Property & Equipment - net804-
Investments in non-consolidated affiliates1,780,0242,300,000
Other assets650-
Total Assets1,795,4357,009,020
LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Current Liabilities:
Accounts payable363,004239,552
Accrued expenses1,363,395-
Convertible debt253,740-
Notes payable461,2082,300,000
Total Current Liabilities2,441,3472,539,552
Stockholders' Deficiency:
Common stock $0.0001 par value22,18513,000
Additional paid-in-capital3,762,8312,587,000
Retained earnings (deficit)(4,430,928)1,869,468
Total Stockholders' Deficiency(645,912)4,469,468
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY1,795,4357,009,020
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   1Nil
  2008   1Nil
  2008   210,000
  2008   320,000
  2008   Full Year 40,000
  2007   1Nil
  2007   2Nil
  2007   3Nil
  2007   4Nil
  2007   Full Year Nil
  2006   1160,000
  2006   2100,000
  2006   320,000
  2006   Full Year 280,000
  2005   1Nil
  2005   2Nil
  2005   3Nil
  2005   420,000
  2005   Full Year 20,000
  2004   1Nil
  2004   2Nil
  2004   3Nil
  2004   Full Year Nil
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  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$
YearQuarterRevenue
  2009   1Nil
  2008   1(.20)
  2008   2Nil
  2008   3Nil
  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   4Nil
  2005   Full Year (1.00)
  2004   1(.30)
  2004   2(.30)
  2004   3(1.20)
  2004   4(1.00)
  2004   Full Year (2.80)
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2009:
 
 Authorized SharesOutstanding Shares
Common $0.0001 par250,000,000221,849,158
 
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
 
ExchangeYearHighLow
OTC Bulletin Board20080.22000.0100
OTC Bulletin Board20070.17000.0200
OTC Bulletin Board20060.49000.0580
OTC Bulletin Board20050.99000.1200
OTC Bulletin Board20041.16000.1200
OTC Bulletin Board20034.01000.1200
OTC Bulletin Board200210.20000.5100
OTC Bulletin Board20012.95000.2000
 
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.