September 9, 2003 – Stockholders in Tegal Corp., Petaluma, CA, have approved the final step of a financing plan of more than $7 million in gross proceeds. Completion of the plan, which will generate $6.2 million in gross proceeds, is expected within the next few days.

Stockholders also elected four new board directors, approved an increase in company shares from 35 million to 100 million, and authorized the board to execute a reverse stock split in the range of 2-1 to 15-1 between now and December 2.