Delta Systems Inc.

Delta Systems Inc.

October 06, 2005 14:33 ET

Delta Systems Commences Trading Under The Symbol 'DLT'

ROGERS, ARKANSAS--(CCNMatthews - Oct. 6, 2005) -

Not for distribution to U.S. newswire services or for dissemination by any means into the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.

Delta Systems, Inc. (TSX VENTURE:DLT), a corporation incorporated under the laws of Canada ("Delta"), a leader in automation and motion control solutions for the consumer products industry, today announced that 19,363,546 of its common shares commenced trading on the TSX Venture Exchange (the "Exchange") under the trading symbol "DLT" in substitution for listed shares of Delta Systems, Inc., a corporation incorporated under the laws of the State of Arkansas ("Old Delta").

The trading of Old Delta shares on the Exchange (under the trading symbol DLT.S) was halted on October 5, 2005 and will remain halted until the expiry of Delta's previously announced offer (the "Offer") to purchase all of the outstanding shares, options and warrants of Old Delta in exchange for shares, options and warrants of Delta, in each case on a one-for-one basis. Delta has extended the expiry time of the Offer for the remaining issued and outstanding shares of Old Delta from 5:00 p.m. (EST) on September 30, 2005 to 5:00 p.m. (EST) on October 31, 2005. After the final expiry of the Offer, Old Delta will be delisted from the Exchange.

As a Canadian company, Delta will be considered a "foreign private issuer" for purposes of United States securities laws, thereby allowing U.S. persons to buy and sell Delta shares through the facilities of the Exchange on substantially the same basis as Canadian residents and the removal of the ".s" trading symbol restriction and its associated compliance burdens. At the time of the issuance of Delta shares in payment for the Old Delta shares deposited under the Offer, the special share of Delta held by Old Delta was automatically redeemed and Old Delta became a subsidiary of Delta.

The Offer was first announced by Old Delta on July 14, 2005 and was made by Delta pursuant to an offer to purchase and circular dated July 20, 2005, as amended by notices of extension dated August 25, 2005, September 14, 2005 and September 30, 2005. Although structured as a formal take-over bid, the transaction is functionally an internal reorganization by Old Delta in order to re-domicile as a Canadian company. By reorganizing under the laws of Canada, Old Delta's Board of Directors believes the Company will benefit from reduced compliance costs, improved trading and more favourable access to capital.

About Delta Systems

Headquartered in Rogers, Arkansas, Delta Systems, Inc. is a leading developer of automation solutions for manufacturing and distribution operations. The Company operates two related business units: Delta Controls Inc. and Delta Automation Solutions Inc. Delta Controls' PC-based motion control software solution, SoftFlow™ is designed to enhance the speed, efficiency, precision and flexibility of automation applications on the plant floor, while providing connectivity to other enterprise systems. Delta Automation Solutions offers a comprehensive line of automation equipment including high-speed flow wrappers, feeding and distribution solutions, and labelling and product tracking systems. The Company offers a range of support services including: systems training, implementation, and engineering consulting to optimize customer deployment, utilization and systems integration. Delta currently has more than 400 installations withy approximately 70 customers, including 11 Fortune 500 companies. For more information, please visit:

No stock exchange or regulatory authority has approved or disapproved of the information contained herein. None of Old Delta's or Delta's securities have been registered under the United States Securities Act of 1933 (the "1933 Act") and may not be offered or sold to persons in the United States or to U.S. persons, except pursuant to an applicable exemption from the registration requirements of the 1933 Act.

Certain statements contained in this news release may constitute "forward looking statements". When used in this news release, the words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," and similar expressions, as they relate to Delta or its management are intended to identify forward-looking statements. Such statements reflect Delta's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Delta's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the headings "Risk Factors" and elsewhere in documents that Delta files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Delta does not intend, and does not assume any obligation, to update these forward looking statements.

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