Mr. Ruzika has served as president of Devcon Security Holdings, Inc.
Farenhem served as an investment banker with Bank of America Securities from
October 1988 through February 2002.
Stewart Title Eastern Caribbean provides a suite of products and services
that enhance the local Caribbean real estate transaction process. The Stock
Purchase Agreement entered into on March 2, 2006 with the investment group
supercedes the Stock Purchase Agreement Devcon previously entered into on
January 23, 2006 with Donald L.

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9 million in 2003 to $2. Ruzika served as chief executive officer of Carlisle
Holdings Limited (formerly known as BHI Incorporated), a Nasdaq-listed
company ., 83, has served as chairman and chief executive
officer of Devcon since founding the company in 1950. Don has laid a good foundation upon
which we can build and I am excited about working closely with Dave Rulien,
the president of the Construction and Materials and Utilities Divisions, as
well as with all members of the Devcon team in the years ahead," Mr. "Steve's
continued leadership capabilities and broad experience should have an
extraordinarily positive impact on our company's growth. The webcast will
be archived and available on the company's website for one month following the
call .

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(Nasdaq: DEVC) today reported an increase of $19.0 million."

About Devcon
Devcon has three operating divisions and an operating joint venture. You should not rely on
forward-looking statements because Devcon's actual results may differ
materially from those indicated by these forward -looking statements as a
result of a number of important factors."
Benjamin is a local partner of Stewart Title Eastern Caribbean, which is a
subsidiary of Stewart Title Latin America Inc.

terre barthelemy

0 million
in 2004 when compared to $38., which was acquired
by the company on July 30, 2004, provides employment screening and paperless
workflow services to major corporate clients in North America.
Donald L. Devcon does not intend to and undertakes no duty to update the
information contained in this press release.09 $ (2.
CONDENSED CONSOLIDATED BALANCE SHEETS

December 31, December 31,
2004 2003
ASSETS
Cash and cash equivalents $ 34,928 ,162 $ 10,030,006
Accounts and notes receivable, net 12,561,575 12,638,671
Costs and estimated earnings in excess
of billings 1 ,130,184 1,170,572
Inventories 3,324,237 3,386,930
Prepaid expenses 746,991 288,973
Prepaid taxes 4,401,480 --
Other current assets 4,427,077 515,219
Property, plant and equipment, net 27,745,082 23,949,269
Investments in unconsolidated joint
ventures and affiliates, net 362,434 349,413
Notes receivable 3,318,464 10,919,100
Intangible assets, net of amortization 4,320,815 --
Goodwill 1,114,524 --
Other long-term assets 3,284,044 1,170,589

Total assets $101,665,069 $ 64,418,742

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities $ 19,460,364 $ 12,190,803
Long-term debt, excluding current
installments 564,440 2,424,144
Retirement and severance 4,012,596 3,094,580
Other long-term liabilities 644,751 1,160,147
Total stockholders' equity 76,982,918 45,549,068

Total liabilities and stockholders' equity $101,665,069 $ 64,418,742

Barts, St .

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4 million to $2.1 million.
The Construction Division continued to improve during 2004. Revenues
increased by $7. Lakey served on the Board
of Directors and as chief financial officer of Alice Ink, Inc. The
new Security Services Division provides electronic security services to
commercial and residential customers in selected markets.

guadeloupe nine

"During his long tenure Don has led the company to enjoy good success
which has resulted in Devcon having a strong market share in the construction
and materials business in the Caribbean. Lakey was named Vice President of Business Development,
effective April 13, 2005, and Robert C.
Mr. I am confident that
his leadership as chief executive officer will position Devcon for its
continued growth as a diversified services company. Croix and St.S.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS


2004 2003
Revenue
Materials revenue $41,061,332 $35,407,375
Materials revenue, related party 1,918,593 2,801,872
Construction revenue 14,657,257 12,248,611
Construction revenue, related party 10,394,281 4,855,237
Security revenue 943,080 --
Other revenue 183,938 --
Total revenue 69,158,481 55,313,095

Cost of Sales
Cost of Materials (36,083,264) (33,304,509 )
Cost of Construction (17,547,373) (15,254,280)
Cost of Security (648,200) --
Cost of Other (156,362) --
Gross profit 14,723,282 6,754,306

Operating expenses:
Selling, general and administrative (15,141,900) (10,902 ,483)
Severance and retirement (1,655,968) (2,095,563)
Impairment of assets (621,926) (2,859,235)

Operating (loss), as revised (2,696,512) (9,102,975)
Other income (expense):
Joint venture equity earnings 71,300 107,162
Interest expense (164,051) (151,119)
Interest income, receivables 2,631,398 2,444,541
Interest income, banks 265,491 167,349
Other income -- 305,744
Gain on Antigua Note 10 ,970,012 --

Income (loss) before taxes 11,077,638 (6,229,298 )
Income tax expense (440,766) (2,388,157)

Net income (loss) $10,636,872 $(8,617,455)

Income (loss) per common share -basic $ 2. The
office's products and services include title guarantees, escrow services ,
closing coordination, online file management and other administrative services
that are necessary for a Caribbean real estate closing. The
terms and conditions of the new Stock Purchase Agreement included the sale of
substantially the same assets and operations included in the superceded
agreement and an additional $100,000 of cash consideration.

part basse

The increase in bad
debt expense is principally attributable to the division's Sint Maarten and
Antigua operations. Ruzika
said.
In addition , Devcon has also announced the following changes in senior
management: Ron G. These factors include , but are not
limited to: general economic and business conditions; our business strategy
for expanding our presence in our industry; anticipated trends in our
financial condition and results of operation; the impact of competition and
technology change; existing and future regulations effecting our business , and
other risks and uncertainties discussed under the heading "Factors Affecting
Our Operating Results, Financial Condition, Business Prospects and Market
Price of Stock" in Devcon's Annual Report on Form 10-K for the period ended
December 31, 2004 as filed with the Securities and Exchange Commission , and
other reports Devcon files from time to time with the Securities and Exchange
Commission . The call may be accessed through a live webcast link
on the company's Internet home page, http: //www.

maarten sint

8 million to $69.9 million during the
comparable quarter of 2003. Mr. The Construction
Division dredges harbors, builds marine facilities, constructs golf courses
and prepares residential, commercial and industrial sites, primarily in the
Bahamas and the eastern Caribbean. Martin
in the French West Indies, on Puerto Rico, and on Antigua in the independent
nation of Antigua and Barbuda.m.com ., which has been terminated. In some cases
you can identify these statements by forward-looking words such as
"anticipate," "believe," "could," "estimate," "expect," "intend," "may,"
"should ," "will," and "would" or similar words.

overseas terre

This division continued to experience improved revenue and
related gross margin dollars in most of its operating areas, particularly the
Bahamas. Operating losses decreased
during the year, from $5. Prior to that Mr.
Prior to that Mr. During his tenure , he
has directed the company's growth from its beginnings as a small south Florida
contractor to a major provider of construction materials and construction
contracting services in the eastern Caribbean. Farenhem has been appointed the
company's interim Chief Financial Officer.

Devcon Sells Its Antigua Materials Operations for $5.1 Million

Forward-Looking Statements
This press release may contain statements, which are not historical facts
and are considered forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995.

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This significant improvement was principally a result of the
Construction and Materials Divisions achieving a combined increase in gross
margin of $7.2 million in 2003.
The company's fourth quarter conference call is scheduled for 10:00 a.57)

Weighted average number of shares
outstanding:
Basic 4,363,476 3,351,817
Diluted 5,096,566 3,351,817

DEVCON INTERNATIONAL CORP.

About Stewart
Stewart Information International is a wholly owned subsidiary of Stewart
Information Services Corp. The Materials Division produces and distributes crushed stone,
ready-mix concrete and concrete block in the eastern Caribbean with principal
operations, on St. Devcon does not intend to and undertakes no duty to update the
information contained in this press release.

inhabited saintes

6 million ($2 .
In 2004, revenue increased $13.
since August 2004. Mr. Farenhem has been and is a principal and chief financial officer of
Royal Palm Capital Partners, a private investment firm, since April 2003.
"With the increased amount of investment in the Caribbean real estate
market and repeated requests from our clients, this is the ideal location for
a new Stewart operation," said Christopher Hill, general manager, Stewart
Title Latin America. More information can be found at http://www .

directories saint

9 million to $25. However, due to the mix of projects currently being worked,
accompanied by pending bids outstanding, the company currently anticipates
that gross margin as a percentage of revenue may experience a minor decline in
2005.8 million to $43. Mr.
Mr.

About Devcon
Devcon has three operating divisions. The Security Services Division
provides electronic security services to commercial and residential customers
in selected Florida markets.

views saint

6 million ($2.devc. Kitts and Nevis, St. You should not rely on
forward-looking statements because Devcon's actual results may differ
materially from those indicated by these forward-looking statements as a
result of a number of important factors.

grande part

DEERFIELD BEACH, Fla.09 per fully diluted share) for the year ended December 31,
2004 when compared to a net loss of $8.7 million when compared to the 2003 operating loss of
$9.

Forward-Looking Statement
This press release may contain statements, which are not historical facts
and are considered forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. HOUSTON, Stewart Title Latin America has
opened a new international operation with the establishment of Stewart Title
Eastern Caribbean in Anguilla, British West Indies. "That is why the present Caribbean market
is ideal for Stewart Title. (NYSE: STC), a technology driven, strategically
competitive, real estate information and transaction management company. Stewart also provides post-closing lender services,
automated county clerk land records, property ownership mapping, geographic
information systems, property information reports, flood certificates,
document preparation, background checks and expertise in tax-deferred
exchanges.

barthelemy saintes

1 million when compared to $17.1 million
during 2003.
Mr., a privately
held consumer products company. Lakey, from July 1987 to August 1997,
served in various financial and operational positions for various subsidiaries
of ADT Limited, the last being chief operating officer for its operations in
Canada and 11 European countries.
"We are committed to providing developers , individual purchasers and
lenders with the products and services that will make their Caribbean real
estate transaction process more secure and efficient," said Brad DeLoach,
general manager , Stewart Title Eastern Caribbean.stewart.

islands maarten

3 million. Operating results during the fourth quarter of
2004 were significantly affected by negative inventory variations, an
impairment of certain assets used in operations, and an increase in bad debt
expense relating to certain trade and notes receivable . who will retire as of
April 18, 2005, and retain the position of Chairman of the Board.
"This is an exciting time for our company," Mr. Smith said., Devcon International Corp.

views overseas

57 per fully diluted
share) for the previous year. During the fourth quarter of 2004 we announced the
settlement of outstanding note receivables and various pending claims with the
Government of Antigua and Barbuda , which resulted in other income amounting to
$11. Ruzika as
Chief Executive Officer, succeeding Donald L. The Materials Division produces and
distributes crushed stone, ready-mix concrete and concrete block in the
eastern Caribbean with principal operations on St.

petite saintes

Currently, this division is expected to experience continued revenue
growth accompanied by corresponding increases in aggregate gross margin
dollars.
The Materials Division revenue increased by $4. Maarten in the Netherlands Antilles, on St.44 $ (2. The
focus for Stewart Title Eastern Caribbean will be the development of Stewart
operations throughout the English, French and Dutch-speaking Caribbean
islands.

About Stewart Title Latin America
Stewart Title Latin America through Stewart Title Eastern Caribbean now
has the exclusive right to serve as the Stewart affiliate in Anguilla,
Antigua, Bonaire, Bermuda, Curacao, Dominica, Grenada, Guadeloupe, Haiti,
Jamaica, Martinique, Montserrat , St. Vincent for real estate services.
(Nasdaq: DEVC) announced today that it completed the sale of all of the issued
and outstanding common shares of Antigua Masonry Products, Ltd. These forward -looking
statements contain projections of Devcon's future results of operations,
financial position or state other forward-looking information.

galante marie

The operating loss decreased
$6. Based upon the outcome of this review the
company may pursue an orderly divestment of all or certain of these
operations . Ruzika, 49, has been the president of the company since October 2004
and will be the chief executive officer of the company effective April 18,
2005., and has over 20 years of
experience in the security services industry. These forward-looking
statements contain projections of Devcon's future results of operations,
financial position or state other forward-looking information.

DEVCON INTERNATIONAL CORP.com ., or AMP, which
owns and operates Devcon's Antigua materials operations, to a group of
investors for $5. Smith, Jr.

Guadeloupe, an overseas department of France, is an archipelago of nine inhabited islands, including Basse-Terre, Grande-Terre, Marie-Galante, La Desirade, Iles des Saintes , Saint-Barthelemy, Iles de la Petite Terre, and Saint-Martin (French part of the island of Saint Martin /Sint Maarten).

terre inhabited

Devcon Reports a $19.3 Million Increase in 2004 Net Income Including an $11 Million Settlement; Names Stephen J. Ruzika as Chief Executive Officer

2 million, a 25% increase
when compared to 2003 revenue of $55. The implementation of additional review procedures and
improved financial controls , which should reduce these write-downs in the
future, is underway. Congress, through its
subsidiaries , including Security Equipment Company, Inc.
Prior to joining the company in February 2005, Mr. Thomas in the
U. DevMat, an 80-percent-owned joint venture, was
formed in 2003 to build, own and operate fresh water, waste water treatment
and power systems.
ET Wednesday, April 20.57)
Income (loss) per common share-diluted $ 2.

Stewart Title Begins Operations in the Eastern Caribbean

Lucia and
St. These factors include, but are not
limited to: general economic and business conditions; our business strategy
for expanding our presence in our industry; anticipated trends in our
financial condition and results of operation; the impact of competition and
technology change; existing and future regulations affecting our business, and
other risks and uncertainties discussed under the heading "Risks Related to
our Business" in Devcon's Annual Report on Form 10 -K for the year ended
December 31, 2004 as filed with the Securities and Exchange Commission, and
other reports Devcon files from time to time with the Securities and Exchange
Commission.

martin petite

6 million .7 million in 2004, however
this division did record an operating loss of $2. Ruzika is the former chief financial officer (1989-1997) of ADT
Limited and president of ADT Security Services, Inc. Lakey joined Devcon as its chief financial officer in February 2005.
This newest Stewart operation joins a growing network of Latin American
and Caribbean operations providing both international and local purchasers and
lenders with cutting-edge title and real estate information services.
"Investors in the Caribbean have been seeking secure title guarantees and
enhanced real estate services for some time," said John Benjamin, a solicitor
in Anguilla's capital, The Valley.
Stewart provides title insurance and related information services required for
settlement by the real estate and mortgage industries through more than
7,800 policy-issuing offices and agencies in the United States and
international markets.1 million in cash, subject to certain adjustments. The Construction Division dredges harbors , builds
marine facilities, constructs golf courses and prepares residential,
commercial and industrial sites, primarily in the Bahamas and the eastern
Caribbean.

transportation overseas

Devcon also announced today that it has appointed Stephen J. Smith, Jr. Ruzika served as chairman and chief
executive officer of Congress Security Services Inc. Stewart Information International has
an ownership interest in Stewart Title Latin America.

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In addition, the company is in the process of reviewing
in detail this division's operations and, based upon the findings, will
implement the necessary changes to improve profitability , which the company
anticipates will be achieved through price increases, where appropriate, and
operating expense reductions. Smith, Jr. Farenhem served as executive vice president of strategic
planning and corporate development for Bancshares of Florida and the chief
financial officer for Bank of Florida from February 2002 to April 2003. In some cases
you can identify these statements by forward-looking words such as
"anticipate," "believe," "could," estimate," "expect," "intend," "may,"
"should ," "will," and "would" or similar words.

saintes martin

3 million in net income to
$10.6 million in the fourth
quarter of 2004 compared to an operating loss of $0. Maarten in the Netherlands Antilles, on St.

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, Devcon International Corp.
Previously, Mr. Virgin Islands, on St. BOCA RATON, Fla. Martin in the
French West Indies , and on Puerto Rico.

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