Denali news & news releases                                                                                      

  Contacts:

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

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

Easterly Investor Relations
713-529-6600

	FOR IMMEDIATE RELEASE 00/14
	DENALI ANNOUNCES DELISTING FROM NASDAQ OCTOBER 30, 2000 ­ HOUSTON, TEXAS ­ Denali Incorporated (NASDAQ:DNLI) today announced that effective at the opening of business on October 30, 2000, its common stock will be delisted from the Nasdaq SmallCap Stock Market due to noncompliance with Nasdaq's net tangible asset, market capitalization and net income requirements. Although the Company expects to be traded on the Over-the-Counter Bulletin Board, there is no assurance that a market will develop for the common stock on this exchange. "Although we regret the delisting, we will continue to capitalize on improvements in both our North American and European markets," stated Dick Volk, Chairman, CEO, and President. "Additionally, the level of bookings indicates a more stable underground storage tank market, backlog remains strong within the Plasticon Fluid Systems group, and realignments and operational restructuring are helping us to achieve improved results." Denali also reported that it continues to engage in negotiations with William Blair Mezzanine Capital Fund III, L.P. ("Blair") whereby the fund proposes to invest in excess of $20 million in the Company. This investment, if completed, is expected to resolve the Company¹s current liquidity problems. Denali Incorporated is a provider of fluid handling products, specializing in corrosion-resistant applications in process industries. The Company is a manufacturer of engineered fiberglass-composite products, including tanks, vessels, and piping systems, as well as steel, aboveground storage tanks. The Company also distributes a wide range of engineered products and systems. Denali Incorporated is headquartered in Houston, Texas, and markets its products worldwide through its subsidiaries Containment Solutions (Houston); Plasticon Fluid Systems companies (headquartered in Tulsa) of Ershigs, Fibercast, Belco, Plasti-Fab, and SEFCO; and the Welna companies of Plasticon Europe and Hanwel Europe (The Netherlands and Germany), Plasticon Poland, Plasticon U.K., and Plasticon France. For more information on the Company, please visit its Website at www.denaliincorporated.com. 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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