02/03/2010
Development Further Solidifies Diversified Global Holdings Position as Emerging Holdings Company
Orlando, FL – Royal Style Design (OTCBB: RYSD) announced today that it has signed a Letter of Intent with Technostroy, Ltd. Currently Diversified Global Holdings owns a 92% controlling interest of Royal Style Design. The proposed acquisition of this Russian company further enhances Royal Style Design’s strategic position with growth through acquisitions and proves the capabilities of its newly appointed 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 all the outstanding shares of Technostroy by Royal Style Design and it details the conditions for the mutual exchange of information. Technostroy would be acquired by Royal Style Design within the next three months. Richard Lloyd CEO of Royal Style Design and Diversified Global Holdings said, “DGH is currently seeking acquisitions and feels that Technostroy would fit nicely into our portfolio and provide added scale, resources and expertise to all its current subsidiaries.
If the companies can come to terms, Diversified Global Holdings will benefit from a broader portfolio and a greater ability to compete globally. “We believe our ability to grow and develop solutions for our subsidiaries and to help them transform their businesses will continue to accelerate,” said Vadim Enikeev Chairman of Diversified Global Holdings. “DGH along with its subsidiaries share a common vision for the future of business expansion”. Mr. Enikeev continued, “by combining complementary companies and services our portfolio continues to develop synergies that will redefine the global marketplace.”
Technostroy is currently involved in their largest project to date, the Taneco oil refinery and petrochemical complex for the Tatneft Company. The refinery is located in Nizhnekamsk, Russia and will be developed in three phases with the total project costs exceeding $7 billion. The new complex, which will include a refinery with a capacity of 7 million tons of oil per year, a 3.5 million ton refinery for advanced refining and a plant to produce aromatic hydrocarbons. The Taneco plant refinement level is expected to exceed 96 percent, this is extraordinary as it will bring a new level of oil refining to Russia, which previously could only achieve 80 percent refinement. The complex is also expected to double the output of refined oil products over the next three years.
Overall, this refinery dramatically improves Russia’s ability to refine its own oil products. Prior to this refinery more than half of the crude oil product in Russia was exported and this new oil refinery will target the replacement of crude oil exports with oil product exports. For additional information regarding the Taneco refinery please visit: www.taneco-npz.com.
Technostroy is a construction and logistics company located in Russia. The company has established infrastructure enabling it to quickly increase project size and scope. For additional information regarding Technostroy please visit: http://techost.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. For additional information regarding Royal Style Design please visit: www.royalstyledesign.co.
Diversified Global Holdings is a fast growing international holdings company with eleven innovative divisions and assets in Russia, Germany and the United States. For additional information regarding Diversified Global Holdings please visit: www.diversifiedglobalholdings.com.
For more information regarding this announcement, contact:
Richard Lloyd
(407) 402-1022
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