SOURCE: The Wall Street Small Cap Reporter

April 28, 2005 07:05 ET

Delta Mutual, Inc. (OTC BB: DLTM) Reports on 2004 Activity; Positioned to Capitalize on Several Ongoing Projects

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by The Wall Street Small Cap Reporter.

DALLAS, TX -- (MARKET WIRE) -- April 28, 2005 -- Wall Street Futures, a leading source of news and information for small cap investors, continues its coverage of Delta Mutual, Inc. (OTC BB: DLTM) as this week's "stock to watch" in the energy space.

DLTM specializes in energy recovery and construction services through environmentally friendly technologies that efficiently recover energy sources from soil, water and other waste streams. The company currently operates through joint ventures in the Middle East, Far East and Puerto Rico, and also employs an energy-efficient building material system for construction projects initially taking place in Puerto Rico.

DLTM reported significant progress in 2004, strongly positioning itself through joint ventures and partnerships in its key markets. This year, the company is aggressively implementing its business plan and building upon its previous successes.

Just this week, DLTM announced an alliance agreement with the Saudi Gulf Environmental Protection Company (SEPCO) to jointly handle all types of hazardous wastes -- including biological, chemical and industrial waste -- and plans further expansion in this area. Earlier this month, DLTM announced the establishment of a permanent oil sludge processing facility in Indonesia via a multi-year, local joint venture expected to generate more than US$6.7 million over the next year.

Additionally, DLTM has retained Santa Fe Capital to provide investment banking services, including capital raising and project financing. With appropriate funding, the company expects to capitalize on several other projects currently underway in Indonesia, Saudi Arabia and Puerto Rico.

Shares of DLTM closed Wednesday at $0.60, up significantly over the past month and possibly poised to surpass their 52-week high of $0.76 soon. With ongoing activity and impressive projections, DLTM could present substantial value for investors at this level.

Wall Street Futures' "stocks to watch" in the energy space also include: Devon Energy Corp. (NYSE: DVN), Kerr-McGee Corp. (NYSE: KMG), and Occidental Petroleum Corp. (NYSE: OXY).

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Wall Street Futures is a news service of Wall Street Small Cap Reporter (WSSCR). WSSCR publishes reports providing information on selected companies it believes have investment potential. WSSCR is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements/opinions herein should not be construed as an offer or solicitation to buy or sell any security. WSSCR accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. WSSCR has been hired as a consultant and has been paid by a third party for the publication and circulation of this report. This report contains forward-looking statements, which involve risks and uncertainties -- including, but not limited to, risks associated with changes in general economic and business conditions (including in the IT and financial information industries), actions of competitors, the extent to which the company is able to develop new services and markets for its services, the time and expense involved in such development activities, level of demand and market acceptance of the company's services, and/or changes in its business strategies -- that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, please request additional information directly from the company above or obtain the SEC filings of the company including its most recent annual and quarterly reports.

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