Delta Financial Corporation Announces Two New Board Members; CFO Richard Blass Re-Joins Board.WOODBURY, N.Y. -- Delta Financial Corporation (Amex: DFC DFC - A dataflow language. ["Data Flow Language DFC: Design and Implementation", S. Toshio et al, Systems and Computers in Japan, 20(6):1- 10 (Jun 1989)]. ) today announced that John Adamovich, Jr. and William Addas Addas was a young Christian slave boy who lived in Taif, a mountainous area south of Mecca, during the times of Muhammad. He was the first person from the western province of Taif to convert to the new religion of Islam. have been appointed to the Company's Board of Directors effective immediately. Mr. Adamovich will also serve on the Company's Audit Committee. In addition, the Company announced that Richard Blass was re-appointed to the Board, effective immediately. John Adamovich has 30 years of experience in corporate financial management and auditing, with in-depth experience in international finance, mergers and acquisitions and Securities and Exchange Commission compliance. Most recently, Mr. Adamovich was executive vice president and chief financial officer of Rainbow Media Enterprises, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Cablevision Systems Corporation. Prior to joining Rainbow, he was group vice president, chief financial officer and treasurer of Pall Corporation. In addition, Mr. Adamovich, a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , was a professional practice partner at KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , LLP LLP - Lower Layer Protocol . William Addas brings more than 20 years experience from both a financial and legal perspective. Currently, Mr. Addas is a managing director at Deutsche Bank, where he is the head of specialty finance investment banking in the Americas. Previously, Mr. Addas was a managing director at both Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and Donaldson, Lufkin & Jenrette, Inc. Additionally, Mr. Addas was a partner at the law firm Manatt, Phelps and Phillips, LLP. "We are pleased to welcome John and Will to our Board of Directors. With their depth and breadth of experience, they bring relevant knowledge of the industry and an important financial perspective, which we believe will enhance the goals of the Company," said Hugh Miller, Delta's president and chief executive officer. Due to the passing of an independent Delta Board member in April 2005, Mr. Blass agreed to resign his Board position to provide the Company ample time to fill the Board vacancy and remain in compliance with the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. listing requirements, which do not allow companies to have an equal number of independent and inside board members. With the appointment of Messrs. Adamovich and Addas, Mr. Blass was re-appointed to the Board, which is now composed of eight members, five of whom are independent board members. About the Company Founded in 1982, Delta Financial Corporation is a national specialty consumer finance company, based in Woodbury, New York Woodbury is the name of some places in the U.S. state of New York:
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