FOR IMMEDIATE RELEASE
January 18, 2008

Matt Denn, Delaware’s Insurance Commissioner and 2008 candidate for Lieutenant Governor, announced Friday that he will file a campaign finance report showing just over $375,000 cash on hand – more than three times the amount of any previous Lieutenant Governor candidate 11 months ahead of the general election based on Department of Elections records.

In 2007, the period covered by the report, Denn raised just over $200,000 in contributions from 518 individuals, businesses and groups. His campaign started 2007 with a balance of about $202,000 and spent about $26,000 during the year.

Although Denn is not running for re-election as Insurance Commissioner, he has maintained the pledge from his 2004 campaign not to accept donations from insurance companies, directors or officers of insurance companies doing business in Delaware, Delaware insurance company lobbyists or Delaware insurance agents.

“I am very grateful to the many supporters who have shown such faith in me,” Denn said. “I think the message of my campaign – focusing on the issues that affect Delaware’s children – is a compelling one, and this fundraising success will make it possible for me to share that message with voters.”

Previously, the most successful pre-election year fundraising effort on record at the Department of Elections was by current Lieutenant Governor John Carney, who reported $117,655 cash on hand at the end of 2003 when he was running for re-election.

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