Defense Solutions Holding, Inc. / DFSH Update Iraq
Submitted by SmallCapVoice.com
Defense Solutions Holding, Inc. (OTC Bulletin Board: DFSH), an international project management, executive consulting, and business development firm, commented today on recent developments in Iraq, specifically in reference to the Iraqi budget that was passed on March 5, 2009. The Iraqi Parliament passed its 2009 budget of $58.6 billion to begin its country’s rebuilding process. Defense Solutions, a company “registered” with the Iraqi Ministry of Trade to conduct business in Iraq, is one of the few American companies working directly with the Iraqi government and is in a position to become a key supplier for all defense-related military hardware to the Iraqi government, as well as, a broker for additional contracts unrelated to the military that include the rebuilding of homes, businesses, fiber optic communication systems, and infrastructures like roads and bridges.
Defense Solutions’ core management team and its key strategic advisors have proven their true commitment to Iraq with their in-country presence over the last 2 years, forging a close relationship with the Iraqis and assessing their specific needs in the rebuilding of their nation. The recently signed U.S.-Iraq Status of Forces Agreement (SOFA) calls for the withdraw of U.S. combat forces from Iraqi cities by June 30, 2009, and most U.S. forces will be redeployed from Iraq by December 31, 2011. Re-establishment of the Iraqi military is of vital importance to the stability of the region and security of Iraq. The SOFA timeline poses a special urgency for the Iraq to rebuild its military fleet of armored vehicles. There is a shortage of modern combat vehicles and equipment in the Army of Iraq. Defense Solutions has a proven track record of providing quality refurbished combat vehicles to the Army of Iraq, and stands ready to meet the needs of the Iraqi Army and its National Security forces for upgraded and remanufactured combat vehicles in a timely manner at a reasonable cost.
Colonel (Retired) Timothy D. Ringgold, Ph.D., CEO of Defense Solutions Holding Inc., has been in Baghdad over the past two plus months discussing defense-related and commercial contracts with Iraqi government officials. The Company is currently in a bidding process that could lead to over $500 million in potential contracts. Although proposals have not yet been accepted, and no assurances can be given that Defense Solutions will be a selected vendor, the Company believes that it will in fact secure a reasonable percentage of these bids. Colonel (Retired) Timothy D. Ringgold, Ph.D. comments, “I am highly confident that Defense Solutions will secure significant contracts from Iraq shortly. We look forward to working with the Iraqi government over the next decade to rebuild a nation that has been drastically affected by the war.”
About Defense Solutions Holding, Inc.
Defense Solutions is an international project management, executive consulting, and business development firm headquartered in Exton, PA with branch and satellite offices on four continents. Established in 2001, Defense Solutions’ founding corporate philosophy is to deliver the world’s best solutions for our service members who deserve the best equipment, technology, and training, in performing their jobs with minimal risk to their lives and well being.
Defense Solutions has consulted with and worked for US Federal and State departments and agencies, including the White House, US Department of Defense, US Department of the Army, US Department of State, US Department of Homeland Security, US Department of Interior, and Pennsylvania General Assembly 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.
In direct support of US-led coalition efforts in Iraq, Defense Solutions has worked for international allied organizations like the Iraqi Ministry of Defense and North Atlantic Treaty Organization (NATO). For more information visit http://www.ds-pa.com/index.html
For more news and information on Defense Solutions Holding, Inc., please visit http://www.IRGnews.com/coi/dfsh where you can find the CEO’s video, a fact sheet on the company, investor presentations, and more.
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.
Investor Relations:
Corporate Evolutions, Inc.
Susan U, 516-482-0155
or
The Investor Relations Group
Adam Holdsworth / James Carbonara, 212-825-3210
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