Del Global Technologies Announces Distribution Agreement with AFP Imaging Corporation.VALHALLA, N.Y. -- Del Global Technologies Corp. (DGTC) ("Del Global" or "the Company") today announced that its subsidiary, Del Medical Imaging Corp. ("DMI (Desktop Management Interface) The first desktop management standard from the DMTF. Enabling PCs to be monitored from a central console, it was superseded by the DMTF's Common Information Model (see CIM). "), has entered into a two-year agreement with AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. Imaging Corporation ("AFP") under which AFP will exclusively sell, install and service the DMI manufactured Universal(TM) and VetTek lines of veterinary x-ray systems worldwide. These systems produce and capture large format (up to 14" x 17") images in either state-of-the-art digital or x-ray film Noun 1. X-ray film - photographic film used to make X-ray pictures bitewing - a dental X-ray film that can be held in place by the teeth during radiography based modalities Modalities The factors and circumstances that cause a patient's symptoms to improve or worsen, including weather, time of day, effects of food, and similar factors. . They are adaptable to fit most any office, need or budget, while providing superior image quality across a wide range of large and small animal studies. Walter Schneider, Chief Executive Officer of Del Global, commented, "The Universal and VetTek x-ray systems have strong brand awareness and a long history of success, while AFP has established a ten-year history in the veterinary marketplace with film and digital dental x-ray products. AFP will combine current Universal dealers with its existing dealer network, resulting in a larger distributor base than is currently utilized by DMI. We believe that this will result in increased sales and market share for our products. As the migration from film-based systems to digital progresses, we also believe that DMI's products offer a compelling performance and value proposition." David Vozick, Chairman of AFP said, "We are extremely pleased to enter into this relationship, and believe that it will produce results that are mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" to AFP and DMI. The veterinary field is in the early stages of transition from analog to digital systems, at the same time that discretionary spending for sophisticated, companion animal healthcare and diagnostics is becoming an increasingly important part of pet ownership in many parts of the world." ABOUT DEL GLOBAL TECHNOLOGIES Del Global Technologies Corp. is primarily engaged in the design, manufacture and marketing of cost-effective medical imaging and diagnostic systems consisting of stationary and portable x-ray systems, radiographic/fluoroscopic systems, dental imaging systems and proprietary high-voltage power conversion subsystems for medical and other critical industrial applications. Through its RFI (Radio Frequency Interference) High-frequency electromagnetic waves that emanate from electronic devices such as chips. RFI - Radio Frequency Interference subsidiary, Del Global manufactures electronic filters, high voltage The term high voltage characterizes electrical circuits, in which the voltage used is the cause of particular safety concerns and insulation requirements. High voltage is used in electrical power distribution, in cathode ray tubes, to generate X-rays and particle beams, to capacitors, pulse modulators, transformers and reactors, and a variety of other products designed for industrial, medical, military and other commercial applications. 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. Del Global cautions that these statements are not guarantees of future performance. These statements involve a number of risks and uncertainties that are difficult to predict, including, but not limited to: the ability of AFP and DMI to successfully execute this distribution agreement; the ability of Del Global to implement its business plan; retention of management; changing industry and competitive conditions; obtaining anticipated operating efficiencies; securing necessary capital facilities; favorable determinations in various legal matters; market and operating risks Operating risk The inherent or fundamental risk of a firm, without regard to financial risk. The risk that is created by operating leverage. Also called business risk. from foreign currency exchange exposures; 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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