Del Global Technologies Accepts Director's Resignation.Business Editors VALHALLA, N.Y.--(BUSINESS WIRE)--Nov. 13, 2002 Company to Announce Fiscal 2002 Financial Results on Friday, November 15, 2002 and Conduct Conference Call on Monday, November 18, 2002 Del Global Technologies Corp. (DGTC) ("Del" or "the Company") today announced that the Company's Board of Directors has accepted the resignation of one of its outside directors, Roger Winston, Chairman of the Board of Directors. Mr. Winston joined Del's Board of Directors in February 1999 and was named Chairman of the Board of Directors in February 2001, following the resignation of Del's former Chairman and Chief Executive Officer. With the departure of Mr. Winston, Del's Board stands at three members. Samuel E. Park, Del's President and Chief Executive Officer, commented, "Roger has been instrumental in assisting Del's new management team in addressing the numerous financial, legal and operating issues we inherited inherited received by inheritance. inherited achondroplastic dwarfism see achondroplastic dwarfism. inherited combined immunodeficiency see combined immune deficiency syndrome (disease). from prior management when we joined the Company. The progress that Del has made in curing several of these issues is, I believe, a testament to his support and commitment during this period of correction. We thank Roger for his many years of productive service as a Director and Chairman of the Board." Mr. Park noted that the Company is undertaking a search to enhance the Board's capabilities in the long term while addressing the more immediate requirements associated with applying for a re-listing on a national exchange. Fiscal 2002 Financial Results and Conference Call Del plans to announce operating results for its Fiscal year ended August 3, 2002 after the close of the stock market on Friday, November 15, 2002. Samuel E. Park and Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs V. Gilboy will host a conference call the following Monday at 11:00 A.M. Eastern Standard Time to discuss the news release. The telephone number to join this conference call is (973) 582-2866. A taped replay of the call will be available through 5:00 P.M. Eastern Standard Time, November 19, 2002. Please dial (973) 341-3080 and enter the number 3600177. In addition, the conference call will be broadcast live over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the via the Webcast section of Del's web site at www.delglobaltech.com. To listen to the live call on the Internet, go to the web site at least 15 minutes early to register, download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. and install any necessary audio software. If you are unable to participate in the live call, the conference call will be archived and can be accessed on the Company's website for approximately five business days. Del Global Technologies Corp. is primarily engaged in the design, manufacture and marketing of cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. medical imaging and diagnostic systems consisting of stationary Stationary can mean:
pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. , semiconductor capital equipment and energy exploration. Statements about future results made in this release may constitute 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. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on current expectations and the current economic environment. The Company cautions that these statements are not guarantees of future performance. They involve a number of risks and uncertainties that are difficult to predict including, but not limited to, the ability of the Company to implement its business plan, management changes, changing industry and competitive conditions, obtaining anticipated operating efficiencies, securing necessary capital facilities, favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. determinations in various legal and regulatory matters and favorable general economic conditions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important assumptions and other important factors that could cause actual results to differ materially from those in the forward-looking statements are specified in the Company's filings with the Securities and Exchange Commission. |
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