ORLANDO, Fla., Jan. 23, 2012 (GLOBE NEWSWIRE) -- Diversified Global Holdings Group Inc. (OTCBB:DGHG) announced today that its wholly owned subsidiary Technostroy has signed several new contracts for 2012. These contracts are expected to provide Technostroy with revenues of over $6.5 million dollars. The work will involve four well known Russian construction companies: "TAIF ST" Ltd., "Gorvodzelenkhoz" Ltd., "Modulstroy" Ltd. and "KamGesTeploeNergoStroy" Ltd. Technostroy's responsibilities will include the construction of school facilities and a multi-level parking garage for the city of Kazan, the construction of storage facilities for Kazan's international airport and concrete fabrication for Kazan's 45,000 seat "Lily" Stadium. This stadium will be Kazan's foremost sports facility hosting such prominent events as the XXVII World Summer Universidad 2013 Games and the 2018 FIFA World Cup. The stadium will also be the home to Russia's Premier league football team FC Rubin.
Technostroy Ltd is a wholly owned subsidiary of Diversified Global Holdings Group and specializes in Russian construction. For more information, visit www.Technost.ru.
TAIF ST Ltd is one of the largest construction companies in the Republic of Tatarstan. The company's primary business is the implementation of Russia's priority economic programs. TAIF is one of the most recognized brands in Tatarstan, known for its high-quality and performance. The TAIF Group operates in the following areas: oil and gas processing, petrochemicals, telecommunications, construction and banking. For more information, visit http://en.taif.ru.
Gorvodzelenkhoz Ltd is one of the largest companies in Kazan. The company works with the "Executive Committee for improvement of public services and housing" and the "Executive Committee of the municipal education system." For more information, visit www.gvzx.ru/art-2.html.
Modulstroy Ltd is one of the largest general contractors in Kazan and works closely with the Department of Capital Construction for the Republic of Tatarstan.
KamGesTeploeNergoStroy Ltd is a subsidiary of PSO Kazan and consists of five construction management divisions. These divisions specialize in complex construction installations, freight and delivery of heavy machinery, construction of petrochemical utilities, civil engineering and atomic-energy complexes. For more information, visit www.pso-kazan.ru.
Diversified Global Holdings Group Inc. (OTCBB:DGHG) is a rapidly growing holdings company with strong subsidiaries worldwide. The Company has proven M&A expertise and intends to maintain its focus in three core divisions (construction, real estate development and business consulting); while expanding its operations in these sectors through acquisitions primarily in emerging markets. For more information, visit diversifiedglobalholdings.com.
The Diversified Global Holdings Group logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11065
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.