Development Solidifies Diversified Global Holdings' Position as an Established Holdings Company

Orlando, FL –Royal Style Design (OTCBB: RYSD) today announced that it has signed a Letter of Intent with Tatnefteprovodstroy OJSC. Currently Diversified Global Holdings (DGH) owns a 92 percent controlling interest in Royal Style Design. The proposed acquisition of this Russian company further validates Royal Style Design's decision to appoint its new management team arranged through the acquisition of Diversified Global Holdings.

Under the terms of the Letter of Intent, the companies agree to negotiate the purchase of up to all the outstanding shares of Tatnefteprovodstroy by Royal Style Design, and it details the conditions for the mutual exchange of information. Tatnefteprovodstroy would be acquired by Royal Style Design within the next three months. Vadim Enikeev, chairman of Diversified Global Holdings, said, "DGH is currently seeking acquisitions and feels that Tatnefteprovodstroy would complement our portfolio and provide experience and service capabilities to all of our subsidiaries."

If the companies can come to terms, Diversified Global Holdings will benefit from a broader portfolio and a Tatnefteprovodstroy will gain access to new markets and improve its ability to compete globally. "We believe our ability to develop solutions is vital to our subsidiaries competitive advantage and enables them grow organically," said Richard Lloyd, CEO of Royal Style Design and Diversified Global Holdings. "We share a common vision to redefine the global marketplace and maximize business expansion through the development of synergies."

Tatnefteprovodstroy was established in 1953 by the USSR council of Ministers and has vast experience in the construction of main oil, gas and product pipelines. After more than 50 years of operations, Tatnefteprovodstroy remains a top-ranked Russian company, with projects completed in Russia, France, Kuwait, Iraq and China. The company is a member of the International Pipe Line Offshore Contractors Association (IPLOCA) and the Russian Oil and Gas Contractors Union (ROGCU). The company is certified to work on Gazprom and Transneft projects, and it has the Transsert certification for both first and second level. Current projects include the 2,400 kilometer-long, Russia-China pipeline, as well as the Sakhalin-1 & Sakhalin-2 projects. The Sakhalin-1 Project is one of the most ambitious, world-scale projects developed by international oil and gas industry to date, and it represents one of the largest single foreign direct investments in Russia. For additional information regarding Tatnefteprovodstroy, visit TNPS-RT.ru.

Royal Style Design is a custom tile and stone installation company. The company provides customized surface installation solutions for floors and walls using wood, glass, stone and ceramic tile in custom designed homes throughout central Florida. Diversified Global Holdings is a fast growing international holdings company with eleven innovative divisions and assets in the United States, Russia and Germany. For additional information regarding either company visit RoyalStyleDesign.com or DGHold.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. Forward-looking statements are subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. Management undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release. These statements may be identified by the use of forward looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will" or other similar terminology. These forward-looking statements are based on current expectations, assumptions, estimates and projections. While management believes these expectations, assumptions, estimates and projections are reasonable, such forward looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the company's control. These and other important factors may cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Some of the key factors that could cause actual results to differ from expectations include: ability to develop and sell advanced communications products and services, including unified communications and contact center solutions; ability to develop an indirect sales channel; economic conditions and the willingness of enterprises to make capital investments; the market for holdings companies and or the markets of subsidiaries; ability to remain competitive in the markets served; ability to manage our supply chain and logistics functions; the ability to protect intellectual property and avoid claims of infringement; ability to effectively integrate acquired businesses, including Tatnefteprovodstroy, into the company; ability to maintain adequate security over information systems; environmental, health and safety laws, regulations, costs and other liabilities; the ability to retain and attract key employees; risks relating to the transaction of business internationally; pension and post-retirement healthcare and life insurance liabilities; and liquidity and access to capital markets. Readers are cautioned that the foregoing list of important factors may not contain all of the material factors that are important. Management undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Political and operational risks in the countries in which RYSD may operate and governmental regulation and judicial outcomes, and other risks detailed from time to time in RYSD's filings with the Securities and Exchange Commission, Copies of each filing may be obtained from RYSD or the S.E.C. or its web site at http://www.sec.gov.

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SOURCE: Royal Style Design