Defense Solutions Holding, Inc. Expands Commercial Scope to Include Energy Sector.EXTON, Pa. -- Defense Solutions, Inc., an international project management firm and executive consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Defense Solutions Holding, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : DFSH - News), 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 seclusion Forensic psychiatry A strategy for managing disturbed and violent Pts in psychiatric units, which consists of supervised confinement of a Pt to a room–ie, involuntary isolation, to protect others from harm from the rest of the world, Iraq now aims to develop what is considered the world's third largest oil reserves Oil reserves refer to portions of oil in place that are claimed to be recoverable under economic constraints. Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally . 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 according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Defense Solutions' Chief Executive, Colonel Timothy Ringgold, US Army (Retired), "This is a great opportunity for Defense Solutions to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. 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 North Atlantic Treaty Organization (NATO), established under the North Atlantic Treaty (Apr. 4, 1949) by Belgium, Canada, Denmark, France, Great Britain, Iceland, Italy, Luxembourg, the Netherlands, Norway, Portugal, and the United States. (NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. ), 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 Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. , 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. |
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