Mendoza School of Business

Dalrada Financial appoints chief accounting officer; Management and board changes detailed in 8-K filing

Published: May 5, 2006 / Author: Mendoza College

SAN DIEGO, May 5/PRNewswire-FirstCall/ — Dalrada Financial Corporation (OTC:DRDF) (BULLETIN BOARD: DRDF) today announced the appointment of Robert A. Dietrich to the position of Chief Accounting Officer, effective April 16, 2006. Mr. Dietrich replaced Randall Jones, who resigned as the Company’s Chief Financial Officer, effective April 15, 2006, for personal reasons.

Mr. Dietrich had served as a director of Dalrada since January 2000 until resigning as of March 1, 2006. For a period of time during 2002 he served as Chief Accounting Officer and President of Source One Group, a subsidiary of Dalrada. He is currently a Director, COO and CFO of Security First International Holdings, Inc. During 2004 and 2005 he was President and CEO of Energy Transfer Corporation, a privately held bio-energy company. In 2003 and 2004 he was Founder and Chief Financial Officer of Modofood USA, Inc., a privately held food technology enterprise. In 1998 he helped found Cyber Air Communications, Inc. in which he served as a Director and President until 2002. Mr. Dietrich has been performing investment banking and consulting services for clients since 1990. Prior to that he had served as CEO, COO or CFO of privately held middle market companies. He is an accounting graduate from Notre Dame and possesses an MBA from University of Detroit. He possesses a CPA certificate from Illinois.

“I am pleased to welcome Bob Dietrich back to Dalrada, where he has served with distinction as a member of our Board of Directors and as a financial executive with our SourceOne Group subsidiary,” said Brian Bonar, Chairman and CEO. “He has a broad background in public company accounting and financial reporting, which should serve us well as we continue to experience rapid growth,” he added.

As previously announced in March of this year, at its regular meeting on March 1, 2006, the Board accepted the resignations of Robert Dietrich and Steven Fryer, both of whom joined the Board in 2000. Both cited personal reasons for their departure.



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