Defense Solutions Holding, Inc. Updates Shareholders
Defense Solutions Holding, Inc. breaks long silence and updates shareholders on progress towards possible oil contracts in Iraq.
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Exton, PA (PRWEB) August 18, 2011
Defense Solutions Holding, Inc. (DFSH:PK), broke a nearly two year silence over its activities. Chief Executive Officer, Timothy Ringgold reported significant progress towards possible oil contracts with the Iraq Ministry of Oil.
Pennsylvania-based Defense Solutions has worked in Iraq since 2005 when it was the only supplier of battle tanks to the new Army of Iraq. In 2009, Defense Solutions expanded operations in Iraq to include oil brokering and oil field service work.
According to CEO Ringgold, “two months ago, the Iraq Ministry of Oil notified us of the pending award of a major crude oil contract to Defense Solutions. Since then, we have worked tirelessly to identify major oil refineries and to secure project financing estimated at $1 billion. We are pleased to inform our shareholders that project financing is in place for us to accept any crude oil contract proposed by the Iraq Ministry of Oil.”
Ringgold added, “The last two years have been very difficult for us financially but we have no doubt about our eventual success. Success has not been achieved but all the components are in place. We remain optimistic for the future of our firm and our work in Iraq.”
About Defense Solutions:
Defense Solutions Holding, Inc. is headquartered in Exton, PA. Established in 2001, Defense Solutions has worked for Federal and State departments and agencies, the White House, and international allied organizations including Iraq's Defense Ministry, NATO, and the Multi-National Force in Iraq to devise and implement strategies supporting military and civilian programs. Two years ago, Defense Solutions entered into oil trading in Iraq.
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. Defense Solutions undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Defense Solutions Holding, Inc.
Timothy Ringgold
+1.610.833.6000