Exhibit 99 CONTINENTAL GLOBAL GROUP, INC. FOR RELEASE: September 17, 2004 P.O. Box 400 438 Industrial Drive Winfield, AL 35594 Contact: Jimmy Dickinson (205) 487-6492 CONTINENTAL GLOBAL GROUP, INC. EXTENDS DEADLINE FOR TENDER OF 11% SENIOR NOTES DUE 2007 TO OCTOBER 1, 2004 Winfield, Alabama -- Press Release AMENDMENT TO THE OFFER TO EXCHANGE AND CONSENT SOLICITATION STATEMENT CONTINENTAL GLOBAL GROUP, INC. OFFER TO EXCHANGE CASH AND 9% SERIES A SENIOR SECURED NOTES DUE 2008 AND 13% SERIES B SENIOR SECURED NOTES DUE 2008 FOR ALL OUTSTANDING 11% SENIOR NOTES DUE 2007 ($120 MILLION AGGREGATE PRINCIPAL AMOUNT OUTSTANDING) This Amendment II ("Amendment II") amends the Offer to Exchange and Consent Solicitation Statement dated August 4, 2004, as amended on September 2, 2004 (the "Statement"), and the accompanying Letter of Transmittal and Consent, relating to the Exchange Offer being made by Continental Global Group, Inc. (the "Company"), with respect to its outstanding 11% Senior Notes due 2007 (the "Old Notes"). Unless otherwise defined herein, capitalized terms used herein have the same meanings as in the Statement. As of September 16, 2004, the number of Old Notes tendered or with respect to which consents have been given pursuant to the Exchange Offer was approximately $103,240,000 or 86.0% of the $120,000,000 outstanding. The Company hereby extends until 5:00 p.m., New York City time, on October 1, 2004, the date upon which it will accept additional tenders of Old Notes. Procedures for tendering Old Notes are set forth under "Procedures for Tendering Old Notes and Delivering Consents" in the Statement. Holders tendering Old Notes may continue to use the Letter of Transmittal and Consent and the Notice of Guaranteed Delivery circulated with the Statement. HOLDERS OF OLD NOTES WHO PREVIOUSLY HAVE VALIDLY TENDERED THEIR OLD NOTES AND/OR DELIVERED THEIR CONSENTS PURSUANT TO THE EXCHANGE OFFER ARE NOT REQUIRED TO TAKE ANY FURTHER ACTION. Except as set forth above, all terms and conditions of the Exchange Offer set forth in the Statement and the accompanying Letter of Transmittal and Consent remain unchanged and in full force and effect, and this Amendment II should be read in conjunction therewith. - -------------------------------------------------------------------------------- NO TENDERS OF OLD NOTES WILL BE ACCEPTED AFTER 5:00 P.M., NEW YORK CITY TIME, ON OCTOBER 1, 2004. - -------------------------------------------------------------------------------- NONE OF THE COMPANY OR ANY OTHER PERSON IS MAKING A RECOMMENDATION AS TO WHETHER OR NOT HOLDERS OF THE OLD NOTES SHOULD TENDER THEIR OLD NOTES PURSUANT TO THE EXCHANGE OFFER OR CONSENT TO THE PROPOSED AMENDMENTS TO THE EXISTING INDENTURE AND THE OLD NOTES. ------------------- September 17, 2004