DELPHI BANKRUPTCY NEWS: First Issue Free from Bankruptcy Creditors' Service, Inc.

FAIRLESS HILLS, Pa., Oct. 10 /PRNewswire/ -- Bankruptcy Creditors' Service, Inc., released the first issue of DELPHI BANKRUPTCY NEWS this morning. This newsletter will follow every step Delphi Corporation and its 38 U.S. subsidiaries take to restructure their business and emerge from chapter 11.

"Our independent and unbiased coverage of troubled situations is unparalleled. Our newsletters provide an efficient and affordable way for lawyers, creditors, competitors, asset buyers, and other parties-in-interest to sift through the mountains of court pleadings and seemingly random information delivered to the courts," Peter A. Chapman, BCSI's president, said.

A copy of the first issue of DELPHI BANKRUPTCY NEWS is available at http://bankrupt.com/delphi.txt at no charge.

Kenneth Rae V. Bramida, Christopher G. Patalinghug, and Frauline S. Abangan serve as the newsletter's editors. The trio has years of experience covering billion-dollar corporate restructurings.

Delphi is the largest auto-parts supplier in the United States. The company expects to reorganize and emerge from chapter 11 in less than two years' time.

DELPHI BANKRUPTCY NEWS is distributed on a subscription basis by e-mail for US$45 per issue. New issues are published as significant activity occurs (generally every 10 to 20 days) during the company's restructuring.

Since 1990, BCSI has published similar newsletters tracking billion-dollar insolvency proceedings. Currently, BCSI provides similar coverage about the restructuring proceedings involving Collins & Aikman Corporation, Meridian Automotive Systems, Inc., Tower Automotive Inc., Federal-Mogul Corporation, Foamex International, Entergy New Orleans, Mirant Corp., PG&E National Energy Group, Enron Corp., Pacific Gas and Electric Company, Delta Air Lines, Northwest Airlines, US Airways, UAL Corporation and United Airlines, VARIG, S.A., ATA Airlines, ASARCO LLC, Solutia, W.R. Grace & Co., Owens Corning, Armstrong World Industries, USG Corporation, Anchor Glass Container Corp., Allied Holdings, Inc., Saint Vincent Catholic Medical Centers, Integrated Health Services, Mariner Post-Acute & Mariner Health, TECO Energy Inc.'s Panda Gila River and Union Power subsidiaries, Winn-Dixie Stores, Inc., Kmart Corp., Ames Department Stores, Spiegel, Inc. (and its Eddie Bauer and Newport News subsidiaries), ANC Rental, the Roman Catholic Church in the United States, Trump Hotels & Casino Resorts, Inc., Interstate Bakeries Corporation, Adelphia Communications and Adelphia Business Solutions, WorldCom, Winstar, Laidlaw, Parmalat Finanziaria, S.p.A., Bethlehem Steel, Kaiser Aluminum, WestPoint Stevens, Burlington Industries, Exide Technologies, National Century Financial Enterprises, and Reliance Group Holdings & Reliance Financial.

Additionally, BCSI co-publishes the Troubled Company Reporter -- a daily newsletter that provides news about more than 3,000 on-going troubled situations. Go to http://www.bankrupt.com/freetrial/ to sign-up for a 30-day free trial subscription to the TCR.

CONTACT: Peter A. Chapman Bankruptcy Creditors' Service, Inc. 572 Fernwood Lane Fairless Hills, Pennsylvania 19030 Telephone (215) 945-7000 Fax (215) 945-7001 peter@bankrupt.com