April 30, 2010
Development Further Solidifies Royal Style Design as a Growing Holdings Company.
For Immediate Release
ORLANDO, Fla./EWORLDWIRE/Apr 30, 2010 --- Royal Style Design Inc. (OTCBB: RYSD) today announced that it has signed a Letter of Intent with PSO Kazanneftekhiminvest. The proposed acquisition of this Russian company would further enhance Royal Style Design's strategic portfolio. The acquisition is subject to the execution of definitive agreements between the parties and to closing conditions specified in the Letter of Intent and in the definitive agreements to be signed.
Under the terms of the Letter of Intent, the companies agree to negotiate the purchase of up to 100 percent of the outstanding equity of PSO Kazanneftekhiminvest by Royal Style Design. PSO Kazanneftekhiminvest would be acquired by Royal Style Design within the next three months, assuming closing conditions are satisfied by PSO Kazanneftekhiminvest. PSO Kazanneftekhiminvest would complement the Royal Style Design portfolio with additional Russian assets.
"We see this as a strategic partnership and, if the companies can come to terms, we will benefit from the addition of over $180 million U.S.D. agricultural and equipment-based assets, as well as gain great opportunities in the Russian construction industry," said Vadim Enikeev, chairman of Diversified Global Holdings, a Royal Style Design subsidiary holding company. "More strategically, we will also gain the ability to design, develop and construct projects for the government, corporations and people of Russia," said Richard Lloyd, CEO of Royal Style Design.
PSO Kazanneftekhiminvest is a design, development and construction company located in Kazan, Russia. The company has over 300 employees and has successfully completed hotels, airplane and helicopter hangars, government buildings and agricultural processing facilities. PSO Kazanneftekhiminvest is known for its uncompromising quality of work and community enhancing projects.
Royal Style Design is an international holdings company with innovative divisions and assets in Russia, Germany and the United States. For additional information about the company, visit RoyalStyleDesign.com or DiversifiedGlobalHoldings.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding the company and its business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of management and the statements are based on facts and factors as they are currently known.
CONTACT:
Richard Lloyd
Royal Style Design
2561 Forsythe Road Unit D
Orlando, FL 32807
PHONE: 407-402-1022
EMAIL: r.lloyd@dghold.com
800 N. Magnolia Avenue
Suite 105
Orlando, FL 32803
USA
Tel: 407-843-3344
Fax: 407-843-2344
www.dghold.com
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