Daleco Resources Appoints New Chairman.WEST CHESTER West Chester, borough (1990 pop. 18,041), seat of Chester co., SE Pa., W of Philadelphia; inc. 1799. Primarily residential, West Chester was long the trade and processing center for an agricultural region that is now mainly suburbs. , Pa. -- Daleco Resources Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DLOV) N.K. Trynin, Vice chairman of Daleco Resources Corporation, announced today that the Board of Directors of Daleco has appointed Stephan V. Benediktson Chairman of the Board effective October 1, 2006 replacing Dov Amir who will step down on September 30, 2006. Mr. Benediktson will retain his current position as Chief Executive Officer of the Company. Since founding Daleco in 1978, Mr. Amir's contributions and dedication to the Company have been noteworthy and appreciated by the shareholders and employees alike. Daleco Resources is a natural resources company with holdings in oil, natural gas, minerals and environmental remediation Generally, remediation means providing a remedy, so environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection of human health and the environment or from a technologies. Safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, and risk inherent in the Company's operations, imprecision im·pre·cise adj. Not precise. im  pre·cise ly adv. in estimating product reserves and the Company's
ability to replace and expand its holdings.
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