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Delphax Announces Resignation of Chief Financial Officer

Press release from the issuing company

MINNEAPOLIS, Oct. 26 -- Delphax Technologies Inc. announced today that Jeffrey S. Mathiesen has resigned as vice president and chief financial officer effective Dec. 9, 2005, to pursue other opportunities. Mathiesen will remain in his position at Delphax through early December to assist with the transition to a new chief financial officer. A search firm has been retained to fill the position. "We appreciate Jeff's contributions to Delphax and wish him well," said Jay Herman, chairman and chief executive officer. "He has been a valued member of our management team." Mathiesen has been the company's CFO since July 2004.