Devcon Receives Notice Regarding Noncompliance With Nasdaq's Minimum Stockholders'...

Devcon Receives Notice Regarding Noncompliance With Nasdaq's Minimum
Stockholders' Equity Requirement

BOCA RATON, Fla., April 10 /PRNewswire-FirstCall/ -- Devcon International
Corp. (Nasdaq: DEVC) announced that it has received a letter from the Nasdaq
Stock Market dated April 4, 2008 informing Devcon that it no longer complies
with the requirements of Marketplace Rule 4450(a)(3) for continued listing on
the Nasdaq Global Market. The rule requires that Devcon maintain minimum
stockholders' equity of $10,000,000.
As disclosed in the Form 8-K filed by Devcon on April 10, 2008, based on
the Form 10-K for the period ended December 31, 2007, Devcon's stockholders'
equity is below the minimum as required by the Marketplace Rules of Nasdaq.
Consistent with the Marketplace Rules, Devcon has until April 21, 2008 to
provide a plan to achieve and sustain compliance with all Nasdaq Global Market
listing requirements. In the event Devcon does not regain compliance within
this period, Devcon's common stock will be delisted. At such time, Devcon may
appeal the decision. Additionally, Devcon may move its listing to the Nasdaq
Capital Market.
Devcon is currently examining the options available to it and anticipates
compliance prior to the deadline set by Nasdaq.
About Devcon
Devcon International's wholly-owned subsidiary, Devcon Security
(http://www.devcon-security.com/), is a leading provider of installation,
monitoring and related electronic security services, currently serving more
than 140,000 commercial and residential customers in Florida, New York City
and Staten Island. Since February, 2005, Devcon has made 3 significant
acquisitions of full-service electronic security services companies with
significant concentrations throughout Florida and the New York Metropolitan
region. Currently, Devcon Security Services Corp. is the second largest
security monitoring and alarm company in Florida and the eleventh largest in
the U.S.
Forward-Looking Statements
This press release may contain statements, which are not historical facts
and are considered forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements contain projections of Devcon's future results of operations,
financial position or state other forward-looking information. In some cases
you can identify these statements by forward-looking words such as
"anticipate," "believe," "could," "estimate," "expect," "intend," "may,"
"should," "will," and "would" or similar words. You should not rely on
forward-looking statements because Devcon's actual results may differ
materially from those indicated by these forward-looking statements as a
result of a number of important factors. These factors include, but are not
limited to: general economic and business conditions; our business strategy
for expanding our presence in our industry; anticipated trends in our
financial condition and results of operation; the impact of competition and
technology change; existing and future regulations effecting our business, and
other risks and uncertainties discussed under the heading "Item 1A - Risk
Factors" in Devcon's Annual Report on Form 10-K for the period ended December
31, 2007 as filed with the Securities and Exchange Commission, and other
reports Devcon files from time to time with the Securities and Exchange
Commission. Devcon does not intend to and undertakes no duty to update the
information contained in this press release.
SOURCE Devcon International Corp.

Investors, Marilynn Meek, Financial Relations Board, for Devcon International
Corp., +1-212-827-3773, mmeek@frbir.com