Exhibit 99.1
[GRAPHIC Del
OMITTED]Global
Technologies
Corp.
FOR IMMEDIATE RELEASE
DEL GLOBAL TECHNOLOGIES NAMES
JAMES A. RISHER CHIEF EXECUTIVE OFFICER AND
MARK ZORKO CHIEF FINANCIAL OFFICER
VALHALLA, NY - September 1, 2006 -- DEL GLOBAL TECHNOLOGIES CORP. (DGTC) ("Del
Global" or "the Company") today announced the appointment of James A. Risher as
Chief Executive Officer, effective August 31, 2006, and Mark Zorko as Chief
Financial Officer, effective August 30, 2006. As previously announced, Mr.
Risher, 63, was appointed Interim Chief Executive Officer of Del Global
effective July 22, 2006. Mr. Risher has been a member of the Company's Board of
Directors since April 27, 2005. He has been the Managing Partner of Lumina
Group, LLC, a private company engaged in the business of consulting and
investing in small and mid-size companies, since 1998. From February 2001 to May
2002, Mr. Risher served as Chairman and Chief Executive Officer of BlueStar
Battery Systems International, Inc., a Canadian public company that is an
e-commerce distributor of electrical and electronic products to selected
automotive aftermarket segments and targeted industrial markets. From 1986 to
1998, Mr. Risher served as a director, Chief Executive Officer and President of
Exide Electronics Group, Inc. ("Exide"), a global leader in the uninterruptible
power supply industry. He also served as Chairman of Exide from December 1997 to
July 1998. Mr. Risher has also been a director of SL Industries, Inc., a
manufacturer and marketer of power and data quality systems and equipment for
individual, medical, aerospace and consumer applications, since May 2003 and a
director of New Century Equity Holdings Corp., a holding company seeking to
acquire a new business, since October 2004.
Since 2000, Mr. Zorko, 54, has been a CFO Partner at Tatum CFO Partners, LLP, a
professional services firm where he has held financial leadership positions with
public and private client companies. From 1996 to 1999, Mr. Zorko was Chief
Financial Officer and Chief Information Officer for Network Services Co., a
privately held distribution company. His prior experience includes Vice
President, Chief Financial Officer and Secretary of Comptronix Corporation, a
publicly held electronic systems manufacturing company, corporate controller for
Zenith Data Systems Corporation, a privately held computer manufacturing and
retail electronics company, and finance manager positions with Honeywell, Inc.
Mr. Zorko was a senior staff consultant with Arthur Andersen & Co. Mr. Zorko
served in the Marine Corps. from 1970 to 1973. He has served as a director of
Guardian Technologies International, Inc. since November 2005. Mr. Zorko is a
board advisor to Medspeed, Inc., a privately held medical transportation
logistics company. Mr. Zorko earned a BS degree in Accounting from Ohio State
Del Global Technologies Page 2
July 25, 2006
University, an MBA from the University of Minnesota, and completed the FEI's
Chief Financial Officer program at Harvard University. He is a certified public
accountant and a member of the National Association of Corporate Directors.
James A. Risher, CEO of Del Global, stated, "I look forward to continuing my
service to Del Global as full-time CEO. I am also pleased to welcome Mark to the
Company. His financial background and relevant industry experience should be
tremendous assets in leveraging Del Global's product portfolio and international
presence."
ABOUT DEL GLOBAL TECHNOLOGIES
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.
DEL GLOBAL TECHNOLOGIES CORP. INVESTOR RELATIONS:
James A. Risher, The Equity Group Inc.
Interim Chief Executive Officer (847) 288-7065 Devin Sullivan (212) 836-9608
Mark Koch, Maura Gedid (212) 836-9605
Principal Accounting Officer (914) 686-3650
