Exhibit 99.01
FOR IMMEDIATE RELEASE
DEL GLOBAL TECHNOLOGIES TO ANNOUNCE FISCAL 2003 FINANCIAL
RESULTS ON MONDAY NOVEMBER 3, 2003 AND CONDUCT CONFERENCE CALL
ON WEDNESDAY, NOVEMBER 5, 2003
VALHALLA, NY - October 30, 2003 -- Del Global Technologies Corp. (DGTC) ("Del
Global") today announced plans to issue financial results for its Fiscal Year
ended August 2, 2003 on Monday November 3, 2003. Suzanne M. Hopgood, Walter F.
Schneider and Thomas V. Gilboy will host a conference call scheduled for 4:30
P.M. Eastern Time on Wednesday, November 5, 2003 to discuss the financial
results. In addition, Del Global expects to file its Form 10-K early next week.
The telephone number to join this conference call is (973) 582-2783. A taped
replay of the call will be available through 5:00 P.M. Eastern Time, November
10, 2003. Please dial (973) 341-3080 and enter the number 4275805 to listen to
the replay. In addition, the conference call will be broadcast live over the
Internet via the Webcast section of Del's web site at www.delglobal.com. To
listen to the live call on the Internet, go to the web site at least 15 minutes
early to register, download and install any necessary audio software. If you are
unable to participate in the live call, the conference call will be archived and
can be accessed on the Company's website for approximately five business days.
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. Industrial
applications for which Del Global supplies power subsystems include airport
explosives detection, analytical instrumentation, semiconductor capital
equipment and energy exploration.
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. They 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 and regulatory matters, including a
settlement of the Department of Defense investigation on terms that Del Global
can afford and that does not include a debarment from doing business with the US
Government, 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: INVESTOR RELATIONS:
Del Global Technologies Corp. The Equity Group Inc.
Walter F. Schneider, President & Devin Sullivan (212) 836-9608
Chief Executive Officer
Thomas V. Gilboy, Chief Financial Officer Adam Prior (212) 836-9606
(914) 686-3600
- --------------------------------------------------------------------------------
