Berman DeValerio & Pease Advises DT Industries Shareholders Of Pending Securities Class Action.

Business/Legal Editors

BOSTON--(BUSINESS WIRE)--Oct. 11, 2000

DT Industries, Inc. (NASDAQ: DTII) faces securities fraud charges in a pending federal lawsuit brought by Berman DeValerio & Pease (www.bermanesq.com), the law firm said today.

In a class action, filed in the United States District Court for the Western District of Missouri as Civil Action 00-3369-W-S-1, shareholders accuse DT Industries of violating federal securities laws. The complaint seeks damages on behalf of anyone who purchased DT Industries common stock between September 29, 1997 and August 23, 2000 (the "Class Period").

Berman DeValerio & Pease has represented defrauded investors in class actions for nearly two decades.

The complaint alleges that DT Industries overstated assets at a wholly owned subsidiary, Kalish, Inc. In August, DT Industries issued a statement saying outside auditors were investigating discrepancies at Kalish that could force changes to financial statements going as far back as 1997. In the same statement, the company said it had placed Kalish's senior financial officer on administrative leave and had accepted the resignation of DT Industries' senior vice president of finance and administration. NASDAQ suspended trading in DTII stock the same day.

Since the suit was filed, DT Industries told the Securities and Exchange Commission it needed more time to complete its annual financial statement for the fiscal year ending June 25, 2000. In addition, the company has said independent auditors have discovered irregularities at another subsidiary, Sencorp Systems, Inc., and that it had placed Sencorp's senior financial officer on administrative leave.

If you purchased DT Industries common stock during the Class Period and suffered a loss on your investment, you may wish to contact the following attorneys at Berman, DeValerio & Pease to discuss your rights and interests:

Alicia M. Duff, Esq.

Michael Lange, Esq.

Berman, DeValerio & Pease LLP 

One Liberty Square

Boston, MA 02109

[e-mail]

800-516-9926

You can also visit us at our website at www.bermanesq.com.

If you wish to apply to be lead plaintiff in this action, a motion must be filed on your behalf with the court no later than October 31, 2000. To be a member of the class you need not take any action at this time and you may retain counsel of your own choice. To serve as lead plaintiff, however, you must meet certain legal requirements. You may contact the attorneys at Berman, DeValerio & Pease to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action.

With offices in Boston and San Francisco, Berman DeValerio & Pease LLP has prosecuted shareholder class actions since 1982, recovering more than $1 billion for investors. The firm has acted as lead counsel in numerous lawsuits in which its clients accused companies of violating federal securities laws. It has successfully litigated these actions, and has been singled out for its excellence by many courts. The firm prides itself on its responsiveness to shareholders and their needs in each case.