Portage Port Issues Bonds on Behalf of Delta Systems, Inc.

Feb 20, 2008

The Portage County Port Authority will issue a series of revenue bonds for the purpose of financing certain improvements, expansion and equipment for Delta Systems, Inc., a manufacturing facility located at 1734 Frost Road in Streetsboro.

Delta Systems, Inc. is a manufacturer of electrical switches, electronic components and wireless remote systems and has been in business in Portage County since 1980.

Thomas Chema, of the Portage Port Authority Board, stated, “The Portage County Port Authority is pleased to be in the position to assist a Portage County business with their expansion plans.” Mr. Chema added, “The Port Authority was created for exactly this kind of project, thanks to the wisdom of the Portage County Board of Commissioners.  I am looking forward to more projects of this type to create jobs in our County.”  Delta Systems, Inc. plans to expand its employment base, with 52 new full-time employees added over the next three years as a result of this expansion.  Currently, Delta employs 219 full and part time employees.

The property will be owned by BF Properties Limited Partnership and leased to Delta Systems, Inc.  The bonds are anticipated to be issued in an approximate principal of $7,310,000.

For further information, please contact Portage County Port Authority Director, Thomas V. Chema at (330) 569-5120 or Elizabeth Barry at Delta Systems, Inc. at (330) 626-2811.