Defense Solutions Holding, Inc. (OTC Bulletin Board: DFSH), announced today
that it entered agreements to represent one American-owned refinery group (3
refineries) and two Asian refinery groups (4 refineries) to secure oil
contracts in Iraq
EXTON, Pa., Oct. 23 /PRNewswire-FirstCall/ -- Defense Solutions Holding, Inc.
(OTC Bulletin Board: DFSH), announced today that it entered agreements to
represent one American-owned refinery group (3 refineries) and two Asian
refinery groups (4 refineries) to secure oil contracts in Iraq.
"Iraq needs qualified customers for its oil," stated Colonel (Ret) Timothy
Ringgold, CEO of DFSH. "Our American and Iraqi staff in Baghdad and our
American and Iraqi staff in the United States are now in a position to meet
the needs of Iraq's Ministry of Oil."
Defense Solutions, Inc. supplies armored vehicles to international customers
friendly to American interests. In 2005, Defense Solutions supplied 77 T-72
tanks to the Iraqi Army under contracts with NATO, Iraq, and the US Army.
Since then, Defense Solutions entered joint development agreements to produce
the NATO-compatible armored personnel carrier, the BTR-4.
"As one of very few American firms licensed to conduct business in Iraq,
Defense Solutions is positioned to facilitate crude oil contracts for the
seven refineries we are now representing," Ringgold added. "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 second largest oil
reserves."
About Defense Solutions:
Defense Solutions Holding, Inc. is headquartered in Exton, PA. Established in
2001, Defense Solutions' founding corporate philosophy was to deliver the
world's best solutions to military members so they can perform their jobs with
minimal risk. Defense Solutions has worked for Federal and State departments
and agencies, the White House, and international allied organizations
including the Iraq's Defense Ministry, NATO, and the Multi-National Force in
Iraq to devise and implement strategies supporting military and civilian
programs. Earlier this year, Defense Solutions entered into the oil trading
business in Iraq.
For more information visit: http://www.ds-pa.com.
TIMOTHY RINGGOLD
Defense Solutions, Inc.
+1.610.833.6000
ringgold@ds-pa.com
http://www.ds-pa.com
SOURCE Defense Solutions Holding, Inc.
TIMOTHY RINGGOLD, Defense Solutions, Inc., +1-610-833-6000,
ringgold@ds-pa.com
