Dalrada March 10-Q: Revenue Increases 770% Reduces Liabilities in Excess of 25%

SAN DIEGO, Calif. May 19 /PRNewswire-FirstCall/ -- Dalrada Financial Corporation: (Pink Sheets: DFCO) announced today that it has filed its form 10-Q ending March 2010.  The filing provides shareholders with current information and shows both an increase in revenue of about 770 percent and a debt reduction of approximately 30 percent.

Brian Bonar, Dalrada's Chief Executive Officer said, "We have been working with our creditors and are pleased with being able to reduce corporate debt by about $4 million.  We look forward to working with the remaining senior lenders and believe our revenue stream will enable us to settle, restructure or extinguish debt and assist the company in pursuing key acquisitions within our multi-billion dollar industry. This is yet another significant step forward as we continue to transform our business, attract and retain talented people, and seize opportunities to grow."

About Dalrada Financial Corporation:

Dalrada Financial Corporation provides employer business solutions to small to medium size businesses. The company acts as a Marketing Liaison, supplying to its clients a broad variety of employee programs that increase business efficiency. These include employee benefits, risk management insurance (including workers compensation and business liability), financial management and the promotional and business management services. Information on Dalrada is available at: http://www.dalrada.com

Safe Harbor:

Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.  

SOURCE Dalrada Financial Corporation