|
Delphax Technologies Shareholders Approve Proposed Financing Transaction
With Affiliate of Whitebox Advisors, LLC
MINNEAPOLIS, July 12, 2007 /PRNewswire-FirstCall
via COMTEX News Network/ -- Delphax Technologies Inc. (Nasdaq: DLPX), a global
provider of high-speed digital printing systems, announced today that its
shareholders have approved the company's previously announced proposed financing
transaction with an affiliate of Whitebox Advisors, LLC. The approval was given
at a special meeting of the company's shareholders. The company expects to close
the transaction during its fourth fiscal quarter, which began July 1.
About Whitebox Advisors,
LLC
www.whiteboxadvisors.com
Whitebox Advisors, LLC is a SEC-registered investment advisor with over $3
billion in assets, headquartered in Minneapolis, MN.
About Delphax Technologies
Inc.
www.delphax.com
Delphax Technologies Inc. is a global leader in the design, manufacture and
delivery of advanced digital print production systems based on its patented
electron-beam imaging (EBI) technology. Delphax digital presses deliver
industry-leading throughput for both roll-fed and cut-sheet printing
environments. These flagship products are extremely versatile and handle a wide
range of substrates from ultra lightweight paper to heavy stock. Delphax
provides digital printing solutions to publishers, direct mailers and other
printers that require systems capable of supporting a wide range of commercial
printing applications. The company also licenses and manufactures EBI technology
for OEM partners that create differentiated product solutions for additional
markets. There are currently installations using Delphax EBI technology in more
than 60 countries worldwide. The company is headquartered in Minneapolis, with
subsidiary offices in Canada, the United Kingdom and France. Its common stock is
publicly traded on the Capital Market tier of the NASDAQ Stock Market under the
symbol: DLPX. Additional information is available on the company's website at
http://www.delphax.com.
Statements made in this news release concerning the company's or management's
expectations about future results or events are "forward-looking statements."
Such statements are necessarily subject to risks and uncertainties that could
cause actual results to vary materially from stated expectations. Additional
information concerning the factors that could cause actual results to differ
materially from the company's current expectations is contained in the company's
periodic filings with the Securities and Exchange Commission.
SOURCE Delphax Technologies Inc.
Gregory S. Furness, Chief Financial Officer of Delphax Technologies Inc.
+1-952-939-9000,
gfurness@delphax.com;
Tom Langenfeld,
+1-952-920-4624,
for Delphax Technologies Inc.
http://www.delphax.com
| 
