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Diversified Global Holdings Group Subsidiary Awarded $1.5 Million Construction Contract from $3.5 Million LOI With TZK Aerofuels

Dépèche transmise le 8 mars 2012 par Business Wire

ORLANDO, Fla.--(BUSINESS WIRE)--Diversified Global Holdings Group, Inc. (OTCBB:DGHG), an international holding company, announced today that its Russian construction subsidiary, SibTechServis-N (STSN), has been awarded a $1.5 million construction contract with TZK Aerofuels. As the exclusive contractor for Aerofuels in 2012, the Company announced in December 2011 a $3.5 million Letter of Intent (LOI) with Aerofuels. Work will include remodeling of aircraft hangars and offices as well as the construction of new hangars and offices at various Aerofuels locations throughout Russia.

Richard Lloyd, CEO of Diversified Global Holdings Group, commented, “Under the DGHG umbrella, our STSN subsidiary has begun to take on larger projects. We look forward to the award of the remaining $2 million in construction contracts under the LOI, as work is expected to be completed by the end of this year. This initial Aerofuels project is located in the Novosibirsk region of eastern Russia (known as the gateway to Siberia).”

TZK Aerofuels provides fuel supplies to 800 locations worldwide and provides jet fuels to more than 70 air carriers within the Russian Federation, such as Aeroflot, S7 Airlines, Vladivostok Avia, Tesis, Atlant-Soyuz, the Russian Emergency Response Ministry and the Russian Ministry of Defense. For more information, visit http://www.aerofuels.ru/eng/.

About SibTechServis-N

SibTechServis-N was founded in 2006 and is located in Novosibirsk, Russia. STSN currently performs general construction for commercial energy projects and municipality infrastructure such as roads and airport runways. For additional information visit http://sts.sfo.ru.

About TZK Aerofuels

In operation since 1999, TZK Aerofuels http://www.aerofuels.ru/eng/tzk_agit.php has on-going agreements with 17 Russian airports for into-plane fuelling of regular passenger & charter flights and cargo airlines.

About Diversified Global Holdings Group, Inc.

Diversified Global Holdings Group, Inc. is a holding company with strong subsidiaries worldwide. The Company has proven M&A expertise and intends to maintain its focus in three core divisions (construction, real estate development and business consulting), while expanding its operations in these sectors both through organic growth and acquisitions - primarily in emerging markets. For more information, visit www.diversifiedglobalholdings.com.

Forward-Looking Statements

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

Business Wire

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