SELLERSVILLE, Pa., Aug. 17, 2005 (PRIMEZONE) -- Delta Mutual, Inc. (OTCBB:DLTM), specializing in energy recovery and construction services through environmentally-friendly technologies and products, announced that T&T Asset Management (T&T Vermogensverwaltungs AG), a Swiss-based investment firm located in Zurich, Switzerland, has provided Delta an additional $485,000 of private equity capital.
Peter Russo, President and CEO, commented, "We are very pleased with the results from T&T and its President, Ivano Angelastri. T&T has raised $635,000 over the past two months and continues to move toward the initial commitment of $1 million. The receipt of these funds allows us to move more rapidly on existing projects in Indonesia, Saudi Arabia and Puerto Rico. A good example is the significant project in Saudi Arabia we announced yesterday. In addition to the capital raised, they have increased our visibility not only in the local market, but abroad."
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 ".funds allows us to move more rapidly 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.