Del Global Technologies Corp. Announces an Increase in Its Common Stock Buy-Back Program

Business Wire, Sept 8, 1999

VALHALLA, N.Y.--(BUSINESS WIRE)--Sept. 8, 1999--

Del Global Technologies Corp. (NASDAQ: DGTC) today announced an increase in its common stock buy-back program under which the Company intends to purchase up to an additional $2,000,000 of its common stock. The Company has purchased to date approximately $3,500,000 of its common stock under its existing $4,500,000 common stock buy-back program.

The stock purchases will be made from time to time, depending on market conditions, in the open market, and in privately negotiated transactions. The Company currently has approximately 7.8 million shares outstanding.

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.