SELLERSVILLE, Pa., June 30, 2005 (PRIMEZONE) -- Delta Mutual, Inc. (OTCBB:DLTM), specializing in energy recovery and construction services through environmentally-friendly technologies and products, announced the retention of T&T Asset Management (T&T Vermogensverwaltungs AG), a Swiss-based investment firm located in Zurich, Switzerland, to provide Delta investment banking services including capital raising and project financing.
Peter Russo, President and CEO, commented, "We are very pleased to be working with T&T and its President, Ivano Angelastri. They have helped many rapidly-emerging international companies to accelerate their growth by increasing visibility not only in the local market, but abroad. To continue the significant progress Delta has made in the past 12 months, our growth is now limited only by the need for capital to support our increasing activities. T&T is targeting approximately $1 million in financing of which $150,000 has been received. Assuming T&T can complete this financing, we will be in a position to more rapidly capitalize on existing projects in Indonesia, Saudi Arabia and Puerto Rico."
About T & T Asset Management
T&T Asset Management (T&T Vermogensverwaltungs AG) is an asset management firm located in Zurich, Switzerland, which offers financial advisory and portfolio management services to select individual and institutional clients. T&T is a member of the Swiss Association of Asset Managers (SAAM). www.ttfinanz.ch
About Delta Mutual
Delta Mutual, Inc. specializes in energy recovery and construction services through environmentally-friendly technologies and products currently operating through joint ventures in the Middle East, Far East and Puerto Rico. Delta employs technologies that efficiently recover energy sources from soil, water and other waste streams while simultaneously improving existing environmental conditions. The Company also employs an energy efficient building material system for construction projects that are initially taking place in Puerto Rico. www.deltamutual.com
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Forward Looking Statement
This press release contains forward-looking statements that involve risks and uncertainties where actual results could differ materially from those discussed in this Press Release. Forward-looking statements including "Assuming T&T can complete this financing, we will be in a position to more rapidly capitalize on existing projects in Indonesia, Saudi Arabia and Puerto Rico." involve risks and uncertainties. These risks and uncertainties include: lack of capital, delays in finalizing contracts, typical issues of dealing with foreign governments, availability of appropriate technology and additional risks as outlined in our SEC filings.