ORLANDO, Fla., Jan. 6, 2012 (GLOBE NEWSWIRE) -- Diversified Global Holdings Group Inc. (OTCBB:DGHG), a rapidly growing international holding company recently announced that pursuant to its commitment to focus on its best growth opportunities in the current global environment, it had completed negotiations for the sale of the second of its two electronic components subsidiaries, Fregat LLC, for 203,698 shares of its common stock to be returned to the company's treasury for cancellation. The successful sale will have a positive impact on DGHG's statement of operations.
"As previously stated, we will maintain the focus of DGHG by concentrating on our better performing subsidiaries and future growth opportunities," said Richard Lloyd, CEO of Diversified Global Holdings Group. "We will continue with our acquisition strategy and believe that divesting of this division will have a positive effect on our growth and profitability in the years to come."
About Diversified Global Holdings Group Inc.
Diversified Global Holdings Group (OTCBB:DGHG) is a rapidly growing holdings company with strong subsidiaries worldwide. DGHG has proven MA expertise and intends to continue its expansion in emerging markets by leveraging its operating divisions into additional major market sectors. For more information, visit DiversifiedGlobalHoldings.com (http://www.dghold.com).
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This press release may include 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. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.