Exhibit 99.1
FOR IMMEDIATE RELEASE
DEL GLOBAL TECHNOLOGIES ANNOUNCES RESULTS
OF RIGHTS OFFERING
FRANKLIN PARK, IL, March 13, 2007 - Del Global Technologies Corp. (DGTC) ("Del
Global" or the "Company") announced today the successful completion of the
rights offering the Company launched on February 7, 2007. The Company announced
that it sold 12,027,378 shares of its common stock, representing 100% of the
shares offered in the offering, at the $1.05 per share offering price through
the exercise of both basic and oversubscription privileges in the rights
offering.
Total proceeds to the Company were $12,628,746.90. In total, approximately
68% of the rights, representing 8,137,123 shares of the Company's common stock,
were subscribed for as a result of the basic subscription privilege, with the
remaining 3,890,255 shares being sold to shareholders exercising their
oversubscription privileges. As a result of the transaction, the total number of
shares of the Company's common stock outstanding is 24,054,756.
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.
DEL GLOBAL TECHNOLOGIES CORP.: MEDIA RELATIONS:
James A. Risher M. Thomas Boon
Chief Executive Officer VP Global Sales and Marketing
(847) 288-7065 (847) 288-7023
Mark A. Zorko
Chief Financial Officer
(847) 288-7003
THE EQUITY GROUP INC.
Devin Sullivan
Senior Vice President
(212) 836-9608
