EX-99.1
3
ex991to8k_12222005.htm
sec document
Exhibit 99.1
[LOGO of DEL Global
Technologies
Corp.]
FOR IMMEDIATE RELEASE
DEL GLOBAL TECHNOLOGIES ACQUIRES
FULL OWNERSHIP OF ITS MAJORITY-OWNED VILLA SISTEMI MEDICALI SUBSIDIARY
VALHALLA, NY - December 27, 2005 -- Del Global Technologies Corp. (DGTC) ("Del
Global" or "the Company") today announced that it has acquired the remaining
shares of capital stock of its Italian subsidiary, Villa Sistemi Medicali S.p.A.
("Villa"), that it did not already own. The Company had previously held 80% of
Villa. As a result of this transaction, Villa is now a 100% owned subsidiary of
Del Global. Total consideration was comprised of a combination of cash of
$2,950,000 and 904,762 restricted shares of Del Global common stock.
Founded in 1961 and based in Milan, Villa is the largest manufacturer of medical
and dental x-ray imaging devices in Italy. Villa's ISO 9001:2000 and EN46001
certified facility designs and manufactures a broad medical product portfolio
that covers conventional and digital R/F imaging, general radiographic imaging
and mobile x-ray systems. Villa's dental X-ray devices include a wide range of
intra-oral and panoramic systems.
Walter F. Schneider, President and Chief Executive Officer of Del Global,
stated, "Achieving total ownership of Villa is an important step towards
implementing the Company's previously announced global sales initiative. Villa
has developed a well recognized and highly regarded brand name, and products
manufactured by Villa are in operation all over the world. We fully expect to
leverage the brand equity and core competencies of both Villa and Del Medical
Imaging to create a single, cohesive, international sales and marketing
organization with the mission of strengthening the Company's global market
penetration in diagnostic imaging systems".
Del Global Technologies Corp. is primarily engaged in the design, manufacture
and marketing of cost-effective medical imaging and diagnostic systems
consisting of stationary and portable x-ray systems, radiographic/fluoroscopic
systems, dental imaging systems and proprietary high-voltage power conversion
subsystems for medical and other critical industrial applications. Through its
RFI subsidiary, Del Global manufactures 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.
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.
CONTACT:
Del Global Technologies Corp. INVESTOR RELATIONS:
Walter F. Schneider, President & Chief Executive Officer The Equity Group Inc.
Mark Koch, Principal Accounting Officer Devin Sullivan (212) 836-9608
(914) 686-3650 Maura Gedid (212) 836-9605

EX - 99 . 1 3 ex991to8k _ 12222005 . htm sec document Exhibit 99 . 1 [ LOGO of DEL Global Technologies Corp . ] FOR IMMEDIATE RELEASE DEL GLOBAL TECHNOLOGIES ACQUIRES FULL OWNERSHIP OF ITS MAJORITY - OWNED VILLA SISTEMI MEDICALI SUBSIDIARY VALHALLA , NY - December 27 , 2005 -- Del Global Technologies Corp . ( DGTC ) ( " Del Global " or " the Company " ) today announced that it has acquired the remaining shares of capital stock of its Italian subsidiary , Villa Sistemi Medicali S . p . A . ( " Villa " ) , that it did not already own . The Company had previously held 80 % of Villa . As a result of this transaction , Villa is now a 100 % owned subsidiary of Del Global . Total consideration was comprised of a combination of cash of $ 2,950,000 and 904,762 restricted shares of Del Global common stock . Founded in 1961 and based in Milan , Villa is the largest manufacturer of medical and dental x - ray imaging devices in Italy . Villa 's ISO 9001 : 2000 and EN46001 certified facility designs and manufactures a broad medical product portfolio that covers conventional and digital R / F imaging , general radiographic imaging and mobile x - ray systems . Villa 's dental X - ray devices include a wide range of intra - oral and panoramic systems . Walter F . Schneider , President and Chief Executive Officer of Del Global , stated , " Achieving total ownership of Villa is an important step towards implementing the Company ' s previously announced global sales initiative . Villa has developed a well recognized and highly regarded brand name , and products manufactured by Villa are in operation all over the world . We fully expect to leverage the brand equity and core competencies of both Villa and Del Medical Imaging to create a single , cohesive , international sales and marketing organization with the mission of strengthening the Company 's global market penetration in diagnostic imaging systems " . Del Global Technologies Corp . is primarily engaged in the design , manufacture and marketing of cost - effective medical imaging and diagnostic systems consisting of stationary and portable x - ray systems , radiographic / fluoroscopic systems , dental imaging systems and proprietary high - voltage power conversion subsystems for medical and other critical industrial applications . Through its RFI subsidiary , Del Global manufactures 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 . 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 . CONTACT : Del Global Technologies Corp . INVESTOR RELATIONS : Walter F . Schneider , President & Chief Executive Officer The Equity Group Inc . Mark Koch , Principal Accounting Officer Devin Sullivan ( 212 ) 836 - 9608 ( 914 ) 686 - 3650 Maura Gedid ( 212 ) 836 - 9605