Denali news & news releases                                                                                      

  Contacts:

R. Kevin Andrews
Chief Financial Officer
713-627-0933

Ken Dennard / kdennard@easterly.com
Lisa Elliott / lisae@easterly.com

Easterly Investor Relations
713-529-6600

 

	FOR IMMEDIATE RELEASE 00 - 09
	DENALI ANNOUNCES MEETING DATE AND RECORD DATE TO APPROVE PROPOSED $28 MILLION INVESTMENT BY WILLIAM BLAIR MEZZANINE CAPITAL PARTNERS JUNE 13, 2000 ­ HOUSTON, TEXAS ­ Denali Incorporated (NASDAQ:DNLI) today announced that it has rescheduled the meeting date and record date for its Special Meeting of Stockholders to approve the previously announced proposed $28 million investment in the Company by William Blair Mezzanine Capital Fund III, L.P. The Special Meeting, which was scheduled for July 3, 2000, is now scheduled for July 25, 2000, and the record date for the meeting, which was May 18, 2000, will now be June 19, 2000. The Company anticipates that it will mail proxy materials for the Special Meeting in late June or early July, as soon as the SEC completes its review of the proxy materials and the Company responds to any SEC comments. Denali Incorporated, with pro forma trailing twelve month revenues of approximately $200 million, is a global provider of fluid handling products specializing in corrosion-resistant applications in process industries such as: chemical, power, pulp and paper, petroleum equipment, and water/wastewater. The Company manufactures engineered fiberglass-composite tanks, vessels, and piping systems, as well as steel, aboveground storage tanks. The Company also distributes a wide range of engineered products and systems. Headquartered in Houston, Texas, Denali Incorporated has over 20 manufacturing facilities in the United States, the Netherlands, Germany, the United Kingdom, Poland, France, and Chile and joint ventures in Venezuela and Thailand. For more information on the Company, please visit its Website at www.denaliincorporated.com. This press release does not constitute an offer of any securities for sale. The Company will not offer or sell any such securities in the United States absent registration or an applicable exemption from registration under applicable securities laws. This news release contains certain forward-looking statements as such term is defined in the Private Securities Litigation Reform Act of 1995 and information relating to the company and its subsidiaries that are based on the beliefs of the company's management as well as assumptions made by and information currently available to the company management. When used in this report, the words, "anticipate", "believe", "estimate", "expect", and "intend" and words or phrases of similar import, as they relate to the company or its subsidiaries or company management, are intended to identify forward-looking statements. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors, the interest rate environment, governmental regulation and supervision, seasonality, distribution networks, product introductions and acceptance, technological change, changes in industry practices, onetime events and other factors described herein. Based upon changing conditions, should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or intended.

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