DGTC - Del Global Technologies Commences Trading on OTC Bulletin Board
May 14, 2007 3:59:00 PM
Copyright Business Wire 2007
FRANKLIN PARK, Ill.--(BUSINESS WIRE)--
Del Global Technologies Corp. (OTCBB:DGTC) ("Del Global" or "the Company") today announced that the Company's common shares have commenced trading on the Over the Counter Bulletin Board effective May 11, 2007.
James A. Risher, Del Global's President and Chief Executive Officer, commented, "This listing represents another milestone for Del Global. We are making continued progress towards building greater value for our shareholders, as evidenced by, among other things, higher sales and profits in the fiscal 2007 second quarter, and the recently completed, oversubscribed Rights Offering that raised total proceeds of approximately $12.6 million. We believe that this listing will improve Del Global's profile in the investor community and provide enhanced liquidity for investors."
ABOUT DEL GLOBAL TECHNOLOGIES
Del Global Technologies Corp. is primarily engaged in the design, manufacture and marketing of high performance diagnostic imaging systems for medical, dental and veterinary applications through the Del Medical Systems Group. Through its U.S. based Del Medical Imaging Corp. and Milan, Italy based Villa Sistemi Medicali S.p.A. subsidiaries the Company offers a broad portfolio of general radiographic, radiographic/fluoroscopic, portable x-ray and digital radiographic systems to the global marketplace. Through its RFI subsidiary, Del Global manufactures proprietary high-voltage power conversion subsystems including electronic filters, high voltage capacitors, pulse modulators, transformers and reactors, and a variety of other products designed for industrial, medical, military and other commercial applications. The company's web site is www.delglobal.com.
Statements about future results made in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and the current economic environment. Del Global cautions that these statements are not guarantees of future performance. These statements involve a number of risks and uncertainties that are difficult to predict, including, but not limited to: the ability of Del Global to implement its business plan; retention of management; changing industry and competitive conditions; obtaining anticipated operating efficiencies; securing necessary capital facilities; favorable determinations in various legal matters; market and operating risks from foreign currency exchange exposures; and favorable general economic conditions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important assumptions and other important factors that could cause actual results to differ materially from those in the forward-looking statements are specified in the Company's filings with the Securities and Exchange Commission.
Source: Del Global Technologies Corp.
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Del Global Technologies Corp.:
James A. Risher
847-288-7065
Chief Executive Officer
OR
Mark A. Zorko
847-288-7003
Chief Financial Officer
OR
Del Global Media Relations:
M. Thomas Boon
847-288-7023
VP Global Sales and Marketing
OR
The Equity Group Inc.
Devin Sullivan
212-836-9608
Senior Vice President
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