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Gold/Mining/Energy : Derlan (T.DRL) -- Ignore unavailable to you. Want to Upgrade?

To: Serge Collins who wrote (251)	6/17/1999 1:01:00 PM
From: Stephen O	Read Replies (1) \| Respond to of 319

Derlan Announces Divestment Of Aircraft Seating Product Line 6/17/99 12:43 NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: DERLAN INDUSTRIES LIMITED TSE SYMBOL: DRL JUNE 17, 1999 Derlan Announces Divestment Of Aircraft Seating Product Line TORONTO, ONTARIO--Derlan Industries Limited announced today the closing of the divestment of the aircraft seating product line of Santa Ana, California to ERDA, Inc. of Peshtigo, Wisconsin. This is a further step in Derlan's divestment program announced in November 1998. Negotiations for further divestments are proceeding. In addition, BT Wolfensohn and BT Alex Brown are actively progressing with their appointment to explore all options to increase shareholder value. Derlan is an industrial corporation, manufacturing products for the aerospace and pump industries. The company has operations in Canada, the United States, Mexico and Germany. Its shares are listed on the Toronto Stock Exchange under the symbol DRL. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Derlan Industries Limited C. John Mastrella Vice President and Chief Financial Officer (416) 364-5852 NO DOLLAR AMOUNT SPECIFIED ANyone have any idea how much they will get