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Diversified Global Holdings Group, Inc.(DGHG) Fact Sheet
http://www.slideshare.net/DGHGroup/dghg-fact-sheet-q3-2011
NEWS OUT Diversified Global Holdings Group Announces Its Subsidiary SibTechServis-N Signs Letter Of Intent for $3.5 Million With Aerofuels
http://www.globenewswire.com/newsroom/news.html?d=240806
yes looking nice
same type of company interesting
http://investorshub.advfn.com/boards/board.aspx?board_id=21496
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8161485
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 20, 2011
Diversified Global Holdings Group, Inc.
(Exact name of registrant as specified in charter)
Florida 000-53524
(State or other jurisdiction of incorporation) (Commission File Number)
800 North Magnolia, Suite 105, Orlando, FL 32803
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (407) 843-3344
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
{ } Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
{ } Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
{ } Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
{ } Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
ITEM 1.01. Entry into a Material Definitive Agreement.
Effective September 20, 2011, we entered into a Separation and Release Agreement (the “Agreement”), with Nikolay Uraev, a director of the Company, pursuant to which we would resell to Mr. Uraev our Kontakt LLC subsidiary (of which Mr. Uraev was the original owner) for 1,100,000 shares of our common stock to be retransferred to the Company by Mr. Uraev. In the agreement, Mr. Uraev has also agreed to resign from the Company’s Board of Directors and to contribute to the capital of the Company, in addition to the 1,100,000 shares retransferred in connection with his repurchase of Kontact LLC, 11,000,000 shares of our common stock that Mr. Uraev was issued in November 2009 in connection with the Company’s acquisition of Diversified Global Holdings, Inc. and its subsidiaries, one of which was Kontakt LLC.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
10.14
Separation and Release Agreement, dated as of September 20, 2011, between the Company and Nikolay Uraev.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DIVERSIFIED GLOBAL HOLDINGS GROUP, INC.
Date: September 26, 2011
By: /s/ Richard Lloyd
Richard Lloyd
Chief Executive Officer
EXHIBIT 10.14
DIVERSIFIED GLOBAL HOLDINGS GROUP, INC.
September 20, 2011
Mr. Nikolay Uraev
RE: Separation and Release Agreement
Dear Mr. Uraev:
This letter (“Separation and Release Agreement” or “Agreement”) is your notice that we accept your resignation as a director of Diversified Global Holdings Group, Inc., a Florida corporation (“DGHG” or the “Company”).
BACKGROUND:
You were one of the three major new shareholders in the November 20, 2009 restructure of the Company, each of which received 28,000,000 shares of common stock. In addition, you received 1,100,000 shares of common stock for the sale by you to the Company of Kontakt LLC (“Kontakt”). Effective August 5, 2010, each of these three major shareholders retransferred 13,000,000 shares to the treasury of the Company as a contribution to capital, leaving your total ownership at 16,100,000 shares of common stock.
AGREEMENTS:
In consideration of your agreements made as provided herein, DGHG agrees to assign and transfer to you all limited liability company ownership interests owned by it in Kontakt and to forgive the $75,000 loan from the Company to Kontakt, made pursuant to the Loan Agreement, dated May 17, 2010 (the “Kontakt Loan”).
DGHG’s agreement to retransfer to you all limited liability company ownership interests in Kontakt to you and to forgive the Kontakt Loan is conditioned upon your agreement to the following:
First, In consideration of the transfer to you of all limited liability company ownership interests in Kontakt, you hereby confirm your resignation as a director of the Company effective the date of this Agreement (the “Separation Date”), and you waive any rights to any salary or unreimbursed expenses owed to you by DGHG. You agree to release, and indemnify and hold harmless, DGHG and its officers and directors from any liabilities or claims relating to your employment with Kontakt LLC or to your having acted as a director of the Company.
Second, you agree that you will promptly return, and transfer and assign to, DGHG (1) as a contribution to the Company’s capital, certificates representing 11,000,000 shares of DGHG common stock owned by you for cancellation, and (2) in payment for the retransfer to you of all of the limited liability company ownership interests in Kontakt, certificates representing 1,100,000 shares of DGHG common stock in accordance with this Settlement Agreement. In the aggregate, you will transfer 12,100,000 shares of common stock to the Company and retain 4,000,000 shares of common stock following completion of the transactions described in this Agreement.
Third, you agree to transition with DGHG and assist DGHG in all respects with regard to filing of financial information concerning Kontakt with the U.S. Securities and Exchange Commission (SEC), as the rules of the SEC may require.
Fourth, you agree to execute (1) all necessary powers of attorney and other instruments to ensure filing with appropriate authorities in the Russian Federation of the change of ownership information concerning Kontakt and (2) an irrevocable proxy for a period of one year appointing Richard Lloyd and Vadim Enikeev your proxies and attorneys to vote all shares of common stock of DGHG owned by your at any meeting of shareholders which is being held for the purpose of election of directors.
Finally, you agree that after the Separation Date, you will not, either directly or indirectly, separately or in association with others, interfere with DGHG’s relationship with (1) any of its subsidiaries or prospective investors, or (2) current or prospective employees of DGHG or any of its subsidiaries, by soliciting or encouraging, or causing others to solicit or encourage, any of them to discontinue their employment with DGHG or any of its subsidiaries. Further, you agree that you will not use or disclose to others any confidential or proprietary information concerning DGHG.
This Separation and Release Agreement is intended to be a binding legal document and contains all of the agreements between you and DGHG with respect to your employment and termination from employment and as a director of DGHG. The terms of this Agreement cannot be modified except in a written document signed by both of us. This Agreement is effective and your resignation is effective as of the date set forth in the first paragraph hereof.
If the foregoing terms and conditions are entirely satisfactory to you, please date and sign this Separation and Release Agreement below and return the original to the Company.
Sincerely,
DGHG GROUP, INC.
By: /s/ Richard Lloyd
Richard Lloyd, President and Chief Executive Officer
By: /s/Nikolay Uraev
Nikolay Uraev, Director
Diversified Global Holdings Group Announces Second Quarter Earnings
Company Reports Second Quarter Revenues of $4,251,988, Up Substantially Over Prior Year Second Quarter, and Second Quarter Net Earnings of $516,027
ORLANDO, Fla., Aug 25, 2011 (GlobeNewswire via COMTEX) -- Diversified Global Holdings Group Inc. (OTCQB:DGHG) announced today its financial results for the six months ended June 30, 2011. The Company attributes its improved results over the comparable period in 2010 to a number of successful acquisitions during 2010. The Company is an expanding international holdings company with strong subsidiaries in emerging markets.
For the six months ended June 30, 2011, net earnings increased to $712,257 from $196,367, an increase of $515,890 or 262% from the period ended June 30, 2010.
Gross margin was $2,972,988 for the six months ended June 30, 2011, compared to $982,955 for the same period in 2010, representing an increase of $1,990,033 or 202% over the previous year. Gross margin was approximately 30% percent for the six months ended June 30, 2011. The Company estimates that gross margins will steadily improve throughout 2011 with the scheduled completion of existing work projects and the addition of several more acquisitions contributing to estimated higher margins in line with its business plan.
For the three months ended June 30, 2011 net earnings increased to $516,027 as compared to $132,052 for the three months ended June 30, 2010 representing an increase of $383,975 or 290% over the previous year. The Company reported revenues for the three months ended June 30, 2011 of $4,251,988 compared to $1,523,309 for the three months ended June 30, 2010 representing an increase of $2,728,679 or 179% over the previous year.
Richard Lloyd, CEO and co-founder of Diversified Global Holdings Group, stated, "Our construction division is performing very well, and I am very encouraged with the progress we have made so far this year. We intend to continue our acquisition strategy with the goal of increasing shareholder value. This quarter we enhanced our service offering by entering two additional industries, while growing revenues by 243% over the prior period." He continued, "We expect our operations to continue this growth trend well into the foreseeable future."
About Diversified Global Holdings Group Inc.
Diversified Global Holdings Group (OTCQB:DGHG) is a rapidly growing holdings company with strong subsidiaries worldwide. DGHG has proven M&A expertise and intends to continue its expansion in emerging markets by leveraging its 6 divisions into 12 major market sectors. For more information, visit DiversifiedGlobalHoldings.com.
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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Diversified Global Holdings Group, Inc.
By Staff
CONTACT: CONTACT: Mr. Richard Lloyd
Diversified Global Holdings Group Inc.
800 N. Magnolia Ave. # 105
Orlando, FL 32803
PHONE. 407-843-3344
FAX. 407-843-2344
E-MAIL. info@dghold.com
www.dghold.com
twitter.com/DGHOLD
Diversified Global Holdings Group Announces Second Quarter Earnings
Company Reports Second Quarter Revenues of $4,251,988, Up Substantially Over Prior Year Second Quarter, and Second Quarter Net Earnings of $516,027
ORLANDO, Fla., Aug 25, 2011 (GlobeNewswire via COMTEX) -- Diversified Global Holdings Group Inc. (OTCQB:DGHG) announced today its financial results for the six months ended June 30, 2011. The Company attributes its improved results over the comparable period in 2010 to a number of successful acquisitions during 2010. The Company is an expanding international holdings company with strong subsidiaries in emerging markets.
For the six months ended June 30, 2011, net earnings increased to $712,257 from $196,367, an increase of $515,890 or 262% from the period ended June 30, 2010.
Gross margin was $2,972,988 for the six months ended June 30, 2011, compared to $982,955 for the same period in 2010, representing an increase of $1,990,033 or 202% over the previous year. Gross margin was approximately 30% percent for the six months ended June 30, 2011. The Company estimates that gross margins will steadily improve throughout 2011 with the scheduled completion of existing work projects and the addition of several more acquisitions contributing to estimated higher margins in line with its business plan.
For the three months ended June 30, 2011 net earnings increased to $516,027 as compared to $132,052 for the three months ended June 30, 2010 representing an increase of $383,975 or 290% over the previous year. The Company reported revenues for the three months ended June 30, 2011 of $4,251,988 compared to $1,523,309 for the three months ended June 30, 2010 representing an increase of $2,728,679 or 179% over the previous year.
Richard Lloyd, CEO and co-founder of Diversified Global Holdings Group, stated, "Our construction division is performing very well, and I am very encouraged with the progress we have made so far this year. We intend to continue our acquisition strategy with the goal of increasing shareholder value. This quarter we enhanced our service offering by entering two additional industries, while growing revenues by 243% over the prior period." He continued, "We expect our operations to continue this growth trend well into the foreseeable future."
About Diversified Global Holdings Group Inc.
Diversified Global Holdings Group (OTCQB:DGHG) is a rapidly growing holdings company with strong subsidiaries worldwide. DGHG has proven M&A expertise and intends to continue its expansion in emerging markets by leveraging its 6 divisions into 12 major market sectors. For more information, visit DiversifiedGlobalHoldings.com.
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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Diversified Global Holdings Group, Inc.
By Staff
CONTACT: CONTACT: Mr. Richard Lloyd
Diversified Global Holdings Group Inc.
800 N. Magnolia Ave. # 105
Orlando, FL 32803
PHONE. 407-843-3344
FAX. 407-843-2344
E-MAIL. info@dghold.com
www.dghold.com
twitter.com/DGHOLD
Read This
http://link.investorrelationsemail.com/ize/4/czmh9bjNx7tlvfNin3N67q1b6NtppNvkus
Diversified Global (OTCQB: DGHG) Appears Significantly Undervalued
Diversified Global Holdings Inc. (OTCQB: DGHG) appears significantly undervalued by both intrinsic valuation and growth metrics. Here are some financial highlights that underscore these points:
Intrinsic Value Could Approach $2.00+ per Share
In addition to its Diversified Global recently reported $203,626,037, or $2.33 per share, in shareholders’ equity, compared to its $1.05 share price, suggesting that it is trading at a 122% discount.
Even excluding land, equipment and goodwill, the company’s total assets stand at approximately $0.38 per share, which is a significant percentage of the share price.
Rapid Growth Justifies a Higher Multiple
Diversified Global recently reported top-line revenue growth of 307% and bottom-line growth rates of 256%, according to its latest 10-Q filing with the SEC.
Using these metrics, the company’s price-earnings to growth (PEG) ratio is just 0.3, compared to a fair valuation of 1.0 (a metric widely used by analysts).
Even with a discounted PEG of 0.8, the company’s stock should be trading closer to $2.80 per share with a price-earnings ratio of about 56x.
Improving Financials Drive Future Results
Diversified Global appears to be an exception with its improving financial condition, diversified risk profile, and strong pipeline of opportunities in key emerging markets.
In addition to top-line and bottom-line growth, the company reduced its share count last quarter by 6.7%.
As a result, Diversified Global Holdings Inc. (OTCQB: DGHG) may be one stock for emerging investors to consider for their portfolios. With strong growth, profitability, and potential moving forward, this stock is not only undervalued, but also very promising as a growth play for the coming quarters and years.
things happen
hello all
up 46% today whats going on??
i called the T/A they said there was 54,824,955 shares outstanding
Any More updates
Power Sports Factory Announces Its Participation in the National Bike Summit in Washington, DC
PHILADELPHIA, PA--(Marketwire - 03/12/10) - Power Sports Factory, Inc. (OTC.BB:PSPF - News), through its Bike Share Source Division, announces that it was an exhibitor this week at the National Bike Summit in Washington, DC.
Power Sports Factory participated at the National Bike Summit the same week new legislation was introduced in the House of Representatives that will create a $2 billion competitive grant program for communities to promote eco-friendly transportation options. The bill is now known officially as the Active Community Transportation Act of 2010. This new program would be administered by the US Department of Transportation.
"We believe that National Bike Summit is a perfect strategic opportunity to introduce our Bike Sharing Solution to municipalities and to the League of American Bicyclist," said CEO Shawn Landgraf. He adds, "Bike Share Source is uniquely positioned as the most cost effective bike share solution in the United States and boasts the most technologically solution for both large and small deployments."
About Power Sports Factory, Inc.:
Philadelphia based Power Sports Factory, Inc., is wholly owned by Power Sports Factory, Inc. (OTC.BB:PSPF - News). Power Sports Factory imports, markets and distributes motorbikes principally under the "Benelli" brand. Additional information is available on the Power Sports Factory website at http://www.powersportsfactory.com and www.sec.gov. Power Sports Factory's motorbike line combines top performance, competitive pricing and cutting-edge European design from Benelli. Benelli is the designer of some of the best motorcycles and motorbikes in the world. The Benelli line is also known for its high-quality construction and superior styling making it the smart choice for consumers. With today's volatile price of fuel, motorbikes are a smart alternative for people looking for superb gas mileage.
BikeShareSource™ is the Company's alternative transportation division. This division markets Bike Sharing Systems to municipalities and transit agencies, property managers and real estate developers, colleges and universities, military institutions, hotels, parks and other transportation related businesses. Additional information is available on the BikeShareSource website at www.bikesharesource.com
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Factors that may cause actual results to differ materially from those expressed or implied by its forward-looking statements include, but are not limited to, Power Sports Factory's limited operating history and business development associated with being a growth stage company; its dependence on key personnel; its ability to execute its business strategy; the intense competition it faces; risks associated with disruptions of its international supply chain; its exposure to product liability claims resulting from the use of its products; general economic and capital market conditions; its ability to raise additional capital; as well as those risks described under the heading "Risk Factors" of Power Sports Factory's Form 10-K, filed with the Securities and Exchange Commission on April 15, 2009. Although Power Sports Factory believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct.
it Picked up at the close up 16% not bad
The outstanding is 58 Mill the float is 28 mill
Good Morning All Great News Today
PSPF.OB News
Power Sports Factory Announces Unaudited 30% Year to Year Increase in 4th Quarter 2009 Sales of Motorbikes and Expects 1st Quarter 2010 Motorbike Sales to Double
Press Release Source: Power Sports Factory On Monday March 1, 2010, 8:00 am
PHILADELPHIA, March 1, 2010 (GLOBE NEWSWIRE) -- Power Sports Factory, Inc. (OTCBB:PSPF - News) Power Sports Factory, the exclusive importer and distributor of fuel efficient motorbikes and scooters under the Benelli brand, announces that it has increased year to year sales by 30% in the 4th Quarter of 2009 and is on pace to grow year to year sales by 100% in the 1st Quarter of 2010.
Shawn Landgraf, CEO of Power Sports Factory, said, "Our strong sales growth over the last 5 months is a direct result of a new targeted sales campaign, aggressive dealer pricing and improved market conditions for the Power Sports Industry." He adds "We believe this is a true indication that we are seeing increased demand as this is typically the slow season for our Industry. Additionally, we believe that Power Sport Factory is uniquely positioned for 2010 with a high quality, competitive price point product and expect to gain significant market share as many of our competitors are no longer in business."
About Power Sports Factory, Inc:
Philadelphia based Power Sports Factory, Inc., is wholly owned by Power Sports Factory, Inc. (OTCBB:PSPF - News) imports, markets and distributes motorbikes principally under the "Benelli" brand. Power Sports Factory's motorbike line combines top performance, competitive pricing and cutting-edge European design from Benelli. Benelli is the designer of some of the best motorcycles and motorbikes in the world. The Benelli line is also known for its high-quality construction and superior styling, making it the smart choice for consumers. With today's volatile price of fuel, motorbikes are a smart alternative for people looking for superb gas mileage. Additional information is available at www.powersportsfactory.com and www.sec.gov
BikeShareSource(TM) is the Company's recently launched alternative transportation division. This new division markets Bike Sharing Systems to municipalities and transit agencies, property managers and real estate developers, colleges and universities, military institutions, hotels, parks and other transportation related businesses. Additional information is available on the BikeShareSource website at www.bikesharesource.com
The Power Sports Factory, Inc. logo is available athttp://www.globenewswire.com/newsroom/prs/?pkgid=6670
"The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Factors that may cause actual results to differ materially from those expressed or implied by its forward-looking statements include, but are not limited to, Power Sports Factory's limited operating history and business development associated with being a growth stage company; its dependence on key personnel; its ability to execute its business strategy; the intense competition it faces; risks associated with disruptions of its international supply chain; its exposure to product liability claims resulting from the use of its products; general economic and capital market conditions; its ability to raise additional capital; as well as those risks described under the heading "Risk Factors" of Power Sports Factory's Form 10-K, filed with the Securities and Exchange Commission on April 15, 2009. Although Power Sports Factory believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct.
PSPF NEWS
Power Sports Factory Announces Unaudited 30% Year to Year Increase in 4th Quarter 2009 Sales of Motorbikes and Expects 1st Quarter 2010 Motorbike Sales to Double
Press Release Source: Power Sports Factory On Monday March 1, 2010, 8:00 am
PHILADELPHIA, March 1, 2010 (GLOBE NEWSWIRE) -- Power Sports Factory, Inc. (OTCBB:PSPF - News) Power Sports Factory, the exclusive importer and distributor of fuel efficient motorbikes and scooters under the Benelli brand, announces that it has increased year to year sales by 30% in the 4th Quarter of 2009 and is on pace to grow year to year sales by 100% in the 1st Quarter of 2010.
Shawn Landgraf, CEO of Power Sports Factory, said, "Our strong sales growth over the last 5 months is a direct result of a new targeted sales campaign, aggressive dealer pricing and improved market conditions for the Power Sports Industry." He adds "We believe this is a true indication that we are seeing increased demand as this is typically the slow season for our Industry. Additionally, we believe that Power Sport Factory is uniquely positioned for 2010 with a high quality, competitive price point product and expect to gain significant market share as many of our competitors are no longer in business."
About Power Sports Factory, Inc:
Philadelphia based Power Sports Factory, Inc., is wholly owned by Power Sports Factory, Inc. (OTCBB:PSPF - News) imports, markets and distributes motorbikes principally under the "Benelli" brand. Power Sports Factory's motorbike line combines top performance, competitive pricing and cutting-edge European design from Benelli. Benelli is the designer of some of the best motorcycles and motorbikes in the world. The Benelli line is also known for its high-quality construction and superior styling, making it the smart choice for consumers. With today's volatile price of fuel, motorbikes are a smart alternative for people looking for superb gas mileage. Additional information is available at www.powersportsfactory.com and www.sec.gov
BikeShareSource(TM) is the Company's recently launched alternative transportation division. This new division markets Bike Sharing Systems to municipalities and transit agencies, property managers and real estate developers, colleges and universities, military institutions, hotels, parks and other transportation related businesses. Additional information is available on the BikeShareSource website at www.bikesharesource.com
The Power Sports Factory, Inc. logo is available athttp://www.globenewswire.com/newsroom/prs/?pkgid=6670
"The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Factors that may cause actual results to differ materially from those expressed or implied by its forward-looking statements include, but are not limited to, Power Sports Factory's limited operating history and business development associated with being a growth stage company; its dependence on key personnel; its ability to execute its business strategy; the intense competition it faces; risks associated with disruptions of its international supply chain; its exposure to product liability claims resulting from the use of its products; general economic and capital market conditions; its ability to raise additional capital; as well as those risks described under the heading "Risk Factors" of Power Sports Factory's Form 10-K, filed with the Securities and Exchange Commission on April 15, 2009. Although Power Sports Factory believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct.
looking great
Good Morning All