Del Global Technologies Corp. Named One of New York Region's Fastest Growing Technology Companies in Deloitte & Touche "Fast 50" Program

Business Wire, Sept 28, 1999

VALHALLA, N.Y.--(BUSINESS WIRE)--Sept. 28, 1999--

Del Global Technologies Corp. (NASDAQ: DGTC) has been named to Deloitte & Touche's prestigious "Fast 50" Program for the New York region, a ranking of the 50 fastest growing technology companies in the New York area. Rankings are based on the percentage of growth in revenues from 1994-1998.

Del Global Technologies Corp.'s Chairman, CEO and President, Leonard A. Trugman, credits internal growth and accretive acquisitions with the Company's 23 percent compounded annual revenue growth rate over the past five years. "We are excited and pleased to be named one of the New York region's fastest growing technology companies in the Deloitte & Touche `Fast 50' Program," Leonard A. Trugman said.

"In an era where technology companies come and go, making a Deloitte & Touche `Fast 50' is a testament to a company's leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows for sustained growth over five years. Del Global Technologies Corp. has proven that they have the right stuff to succeed, and we at Deloitte & Touche salute its accomplishments," said Larry Wizel, a Partner in Deloitte & Touche's New York office.

To qualify for the Fast 50, companies must have had revenues of at least $50,000 in 1994 and at least $1,000,000 in 1998; must be public or private companies headquartered in the region; and be "technology companies" defined as a company that produces technology, manufactures a technology product, is technologically intensive, uses technology in problem-solving, or devotes a high percentage of effort to research and development of technology.

Winners of the 19 regional Fast 50 programs in the United States are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks in the nation's top 500 fastest growing technology companies.

Del Global Technologies Corp. is primarily engaged in the design, manufacture and marketing of state-of-the-art, cost-effective medical imaging and diagnostic systems consisting of stationary and portable imaging systems, radiographic/fluoroscopic systems, mammography systems, Neo-Natal systems and proprietary precision power conversion subsystems for medical as well as critical industrial applications. These include airport explosives detection, electronic noise suppression subsystems, analytical instrumentation, semiconductor capital equipment and energy exploration.

This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the Company to grow internally or by acquisition and to integrate acquired businesses, changing industry and competitive conditions, and other risks referred to in the Company's registration statements and periodic reports filed with the Securities & Exchange Commission.