Defense Solutions, Inc., an international project management firm and executive consulting firm, a wholly owned subsidiary of Defense Solutions Holding, Inc. (OTC Bulletin Board: DFSH), announces that the Company has expanded its commercial scope opportunities to include the facilitation of contracts within the energy sector. Through the Company’s continued ongoing relationship with the Iraqi Government and as a registered company authorized to conduct business in Iraq, Defense Solutions has been evaluating the needs of the government and its country’s rebuilding process. Defense Solutions has positioned itself to play a role in the logistics of facilitating oil contracts for the Iraqi Government.
Iraq produces approximately 2 million barrels of oil a day and holds proven reserves of approximately 115 billion barrels, which are relatively accessible and economical to tap. Ending its 40 year seclusion from the rest of the world, Iraq now aims to develop what is considered the world’s third largest oil reserves. International oil companies are expected to bid for oil service contracts next month and Defense Solutions anticipates participating in the bidding process for some of these contracts.
According to Defense Solutions’ Chief Executive, Colonel Timothy Ringgold, US Army (Retired), “This is a great opportunity for Defense Solutions to capitalize on the facilitation of oil contracts for the Iraqi Government. We will continue to update our shareholders as to any developments that may arise from this new prospect.”
About Defense Solutions Holding, Inc.
Defense Solutions Holding, Inc. is headquartered in Exton, PA with offices on four continents. Established in 2001, Defense Solutions’ founding corporate philosophy is to deliver the world’s best solutions to our service members so they can perform their jobs with minimal risk. Defense Solutions has consulted with and worked for US Federal and State departments and agencies, the White House, and international allied organizations including the Iraqi Ministry of Defense, the North Atlantic Treaty Organization (NATO), and the Multi-National Force in Iraq to devise and implement strategies supporting armed forces and civilian programs. Many of these programs directly support US and allied soldiers in combat and veterans in retirement. Defense Solutions’ European office maintains exclusive agreements with European partners to deliver several world-class technologies and capabilities to US and allied nations to include new production and retrofit of armored and combat vehicles, spare parts, and ammunition, supported by end-to-end integrated logistics, training, and maintenance solutions.
For more information visit: http://www.ds-pa.com
Forward-Looking Statements
Certain matters discussed in this release may constitute “forward-looking statements.” Actual results and the timing of certain events may differ materially from those indicated by such forward-looking statements due to a variety of risks and uncertainties, many of which are beyond Defense Solutions’ ability to control or predict, including, but not limited to, risks and uncertainties outlined in reports filed by Defense Solutions with the Securities and Exchange Commission.
The statements made herein are made as of the date of this release, and Defense Solutions undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements contained in this press release, and Defense Solutions undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
Defense Solutions Holding, Inc.
John A. Little, President, 610-833-6000
or
Investor Relations
Corporate Evolutions, Inc.
Susan U, 516-482-0155