NetworkNewsBreaks – Delta Technology Holdings (NASDAQ: DELT): Hike in Price of Solvent Byproduct Contributes to Sales Growth

Shares of Delta Technology Holdings (NASDAQ: DELT) are up 5% this morning after the company said the price of its solvent has quadrupled over the past 12 months. The solvent, which is one of the company’s principal byproducts, consists primarily of dichlorotoluene. Dichlorotoluene is used in the production of exterior wall coating and industrial glues. “Delta produces between 100 and 300 tons of solvent in OCT/PCT production process every month, and because it’s a byproduct, we don’t attribute a material cost to its production. As a result, sales of solvent not only contribute to revenue growth, but are also highly accretive to margins. In light of this pricing trend, and in conjunction with continued sales growth, we expect the expanding sales trends identified in our January press release to continue and further increase, with expanding margins,” the company stated in the news release.

To view the full press release, visit: http://nnw.fm/u4gDe

About Delta Technology Holdings Ltd.

Founded in 2007, Delta Technology is a China-based chemical company producing and distributing organic compounds. The end application markets of the company’s products include 380 clients in the automotive, pharmaceutical, agrochemical, dye & pigments, aerospace, ceramics, coating-printing, clean energy and food additive industries. Delta Technology has approximately 300 employees, many of whom are highly-qualified experts and technical personnel. The company serves more than 380 clients in various industries and has announced its plans to move into the Biotechnology sector. For more information on the company, www.deltath.com.

About NetworkNewsBreak

NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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