HARRISON, N.Y.--(Business Wire)--
UMG Inc. announced today:
UMG Inc., a privately held company headquartered in Harrison, New York, has
entered into an Agreement in principle to acquire the Del Medical Imaging US
business from Del Global Technologies Corp. (OTCCB: DGTC). Both parties
anticipate the transaction will be completed prior to December 1, 2009.
The new company, Del Medical Inc., will continue to sell their existing product
line through its current distribution channels as a wholly owned subsidiary of
UMG Inc. "By bringing the Del Medical product line to UMG, we create a
comprehensive synergy of products to fulfill the needs of the entire x-ray
community while continuing to provide superior quality and support through
innovation and technology," says Toufic Lorenzo, President of UMG Inc.
ABOUT UMG INC.
UMG Inc., a privately held company headquartered in Harrison New York, is an
innovative leader in the clinical x-ray market. It is a master distributor of
digital and analog medical imaging products to the private practice,
non-hospital, market place. It distributes FujiFilm USA medical x-ray film and
Computed Radiography (CR) systems, Konica-Minolta CR systems, UltraRad PACS
products, and Carestream medical x-ray film to a network of over 350 U.S.
imaging dealers. In addition to its medical products, UMG also private labels
dental x-ray film for major U.S. dental distributors. The company has been
involved in the medical x-ray business since its formation in 1985. Requests for
information regarding UMG Inc. should be directed to info@umgxray.com.
ABOUT DEL GLOBAL TECHNOLOGIES
Del Global Technologies Corp. is primarily engaged in the design, manufacture
and marketing of high performance diagnostic imaging systems for medical, dental
and veterinary applications through the Del Medical Systems Group. Through its
U.S. based Del Medical Imaging Corp. and Milan, Italy based Villa Sistemi
Medicali S.p.A. subsidiaries, the Company offers a broad portfolio of general
radiographic, radiographic/fluoroscopic, portable x-ray and digital radiographic
systems to the global marketplace. Through its RFI subsidiary, Del Global
manufactures proprietary high-voltage power conversion subsystems including
electronic filters, high voltage capacitors, pulse modulators, transformers and
reactors, and a variety of other products designed for industrial, medical,
military and other commercial applications. The Company`s web site is
www.delglobal.com.
Statements about future results made in this release may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act 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 Del Global to introduce products
as scheduled; obtaining necessary product certification; 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 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
UMG Inc.
Richard Rzepka, 914-835-4600
rrzepka@umgxray.com
Copyright Business Wire 2009
