EXTON, Pa., December 8, 2009 -- Defense Solutions Holding, Inc. (OTCBB: DFSH), announced the appointment of Iraqi national Kassem Talabani to lead business development activities in Iraq. Last week, Defense Solutions announced that the firm is expanding operations to assist other firms to contract directly with commercial and government organizations in Iraq. “Kassem Talabani is well known to Iraqi President Jalal Talabani, to the Prime Minister, and other contemporary Iraqi political leaders. He will be a great asset for expanding opportunities as we move forward in Iraq,” said Defense Solutions’ Chief Executive Officer, Colonel Timothy Ringgold, US Army (Retired).
Defense Solutions began working in Iraq in 2005 when it refurbished and supplied 77 Battle Tanks under contracts with NATO, the Iraq Defense Ministry, and the US Army. Since then, Iraq’s Ministry of Trade licensed Defense Solutions as one of relatively few American firms authorized to conduct both defense and commercial business in Iraq. Defense Solutions’ staff in Iraq consists of both US and Iraqi citizens, as does the staff at the company headquarters near Philadelphia.
After the defeat of Saddam’s Army by the US-led coalition in the 1990-1991 Gulf War, Kassem Talabani joined the opposition group created to foment the overthrow of then-Iraqi President Saddam Hussein. From 1991 to 1997 Kassem Talabani managed the headquarters operations for the Iraqi National Congress that represented the first major attempt by opponents of Saddam to join forces, bringing together Kurds, Sunni and Shi’ite Arabs.
Defense Solutions seeks contracts directly with the Iraqis. "We believe that the contracts we’ve seen represent the tip of the iceberg of the business opportunities in Iraq. Defense Solutions is seeking to identify other American companies with competitive advantages against the European and Asian companies pouring into Iraq. We anticipate additional oil, commodity, defense and commercial supply contracts in the near term as Iraq continues to focus on both security and rebuilding,” Ringgold said.
Defense Solutions is positioned to play a major role facilitating oil contracts with the Iraqi Government. In addition to oil, Defense Solutions is active in commodity trading, road building, and supplying defense and security related products.
About Defense Solutions:
Defense Solutions Holding, Inc. is headquartered in Exton, PA. Established in 2001, the firm’s founding philosophy was to deliver the world's best solutions to military members so they can perform their jobs with minimal risk. Defense Solutions has worked for Federal and State departments and agencies, the White House, and international allied organizations including Iraq's Defense Ministry, NATO, and the Multi-National Force in Iraq.
Forward-Looking Statements:
Certain matters discussed in this release may constitute "forward-looking statements." Actual results and the timing of certain events may differ materially from those indicated by such forward-looking statements due to a variety of risks and uncertainties, many of which are beyond Defense Solutions' ability to control or predict, including, but not limited to, risks and uncertainties outlined in reports filed by Defense Solutions with the Securities and Exchange Commission.
The statements made herein are made as of the date of this release, and Defense Solutions undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
CONTACT:
Defense Solutions Holding, Inc.
Michael Buglio
707 Eagleview Blvd, Suite 100
Exton, PA 19341-1159
+1.610.833.6000