SOURCE: The Wall Street Small Cap Reporter

May 03, 2005 07:05 ET

Delta Mutual, Inc. (OTC BB: DLTM) Up 16% Monday; Could Surpass 52-Week High

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

DALLAS, TX -- (MARKET WIRE) -- May 3, 2005 -- Wall Street Futures, a leading source of news and information for small cap investors, reported today that its "stock to watch" in the energy space, Delta Mutual, Inc. (OTC BB: DLTM), was up more than 16 percent in Monday's trading.

DLTM has ventured near its 52-week high of $0.74 several times since Wall Street Futures began its coverage of the company three weeks ago, and could be poised to surpass that level soon, particularly if the company can sustain its current level of positive news activity.

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.

Over the past month, DLTM shares have benefited from very strong news that has fueled a healthy amount of investor interest in this stock. Most recently, the company announced that both its ongoing, low-income housing projects in Puerto Rico will be exempted from the country's corporate income tax through 2008; the result is a positive impact to the projects' bottom lines.

Through its majority-owned joint venture, DLTM plans to build two Section 124 low income housing projects in the island nation, the first in Aguadilla and the second in Guayanilla. Construction is expected to begin during Q3 2005, subject to approval by government agencies. When completed, the two projects will contain approximately 575 homes.

Shares of DLTM closed Monday at $0.65, up nearly nine percent since Wall Street Futures' latest report on the company last week.

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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