Deligo Technologies–Do more with less!

FUNDING WILL BRING NEW COMPANY TO
WEST VIRGINIA’S TECHNOLOGY CORRIDOR
Detroit-based Firm Lured to Area With $1.5 Million
in Funding Engineered by Freedom Bank and Private Equity Group

BELINGTON, W.Va. – Deligo Technologies, d.b.a. QSSolutions Engineered Systems Group, a company that develops business and technology strategies for manufacturers and distributors, today announced that $1.5 million in funding has inspired its decision to move its headquarters to the West Virginia Technology Corridor.

The funding was approved by a combination of private investors and Freedom Bank of Belington, W. Va. The funding will support Deligo’s new West Virginia headquarters and promote its proprietary technologies, including Iced*CAD^®, an award-winning product that helps manufacturers and distributors perfect the engineered-to-order process.

“As a local bank that cares deeply about the future of this area, we want to do everything we can to attract companies with these three qualities: forward-thinking, with decidedly needed services or products, and finally, marketability,” said Freedom Bank President and CEO Mike Hudnall. “Deligo Technologies brings this tripod to the West Virginia Technology Corridor, and we are proud to support it.”

Deligo Technologies has installed and implemented its Iced*CAD technology in the hydraulic systems market, and plans a rollout to additional markets in 2004.

The funding for ongoing Iced*CAD sales and development and the branding of Deligo Technologies has been provided by Cooke & Moses, LLC, of Columbia, South Carolina.

“I believe very strongly in the power this company has to create efficient systems necessary for complex products to be built and shown to a customer within minutes,” said Roy L. Cooke, managing partner of Cooke & Moses. “We do not throw the word ‘revolutionary’ around lightly, but we have no problem doing it here. Deligo is truly changing the way product design, manufacturing and customers are approached.”

“It is an exciting time for us, and it’s an exciting time to make a move like this. I feel like we are coming into a place that welcomes us, supports us, and will help us define our future,” said Tom Kelly, president and CEO of Deligo Technologies.

Deligo Technologies will finalize details of its new office, including location, staffing and coordination of the activities between the new West Virginia headquarters and a satellite office in Royal Oak, Michigan, by early September.

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Deligo Technologies was founded in 2003. The company develops business and technology strategies for individual manufacturers and distributors. Deligo assists clients in developing the proper business approach to incorporate PLM, ERP, CRM, CPD, SCM, MRO and other business processes into a usable, scalable and functioning business strategy. Its Iced*CAD product won the 2003 “Show Stopper” Award at the National Design and Engineering Show and the highly coveted 2003 “Innovator of the Year” award from a national engineering convention. For more information, visit www.deligotech.com.

Established in 1939 as Belington Bank, Freedom Bank is an independent, locally owned bank that offers a full line of financial services with a professional customer-oriented staff. Freedom Bank’s main office is located on Crim Avenue in Belington, West Virginia. Additional branches are located in Elkins, Philippi, Bridgeport and Buckhannon. Freedom Bank is a wholly-owned subsidiary of Freedom Bancshares, Inc. and is fully insured by the Federal Deposit Insurance Corporation.