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D&L Industries, Inc.DNL

PSE Disclosure Form 17-7 - Statement of Changes in Beneficial
Ownership of Securities References: SRC Rule 23 and
Section 17.5 of the Revised Disclosure Rules

Name of Reporting Person	Jadel Holdings Co., Inc.
Relationship of Reporting Person to Issuer	10% owner

Description of the Disclosure
Statement of Changes in Beneficial Ownership of Securities of Jadel Holdings Co., Inc.