Acquisition would expand DGHG's portfolio

For Immediate Release

ORLANDO, Fla./EWORLDWIRE/March 14, 2011 --- Diversified Global Holdings Group Inc. (OTCQB: DGHG) today announced that it has signed a Letter of Intent with SibTechService-N LLC (STS-N). The proposed acquisition of this Russian company further enhances Diversified Global Holdings Group's strategic position with growth through acquisitions.

Under the terms of the Letter of Intent, the companies agree to negotiate the purchase of all the outstanding equity of SibTechService-N by Diversified Global Holdings Group, and it details the conditions for the mutual exchange of information. SibTechService-N would be acquired by Diversified Global Holdings Group within the next three months.

Richard Lloyd, CEO of Diversified Global Holdings Group said, "DGHG is currently seeking acquisitions, and SibTechService-N is a great company with so much potential for growth and located in a new region of Russia for DGHG. This acquisition would complement our portfolio by providing convergence with our planned energy division."

If the companies can come to terms, Diversified Global Holdings Group will benefit from a stronger portfolio and a greater ability to compete in an industry segment that has proven to be very successful.

"We believe our ability to improve our subsidiaries, while simultaneously expanding our operations globally simply makes sense and benefits our clients and shareholders first and foremost," said Vadim Enikeev, chairman of Diversified Global Holdings Group. "DGHG and its subsidiaries share a common vision for the future of global business, by combining complementary companies and services. Our portfolio continues to develop synergies that will redefine the global marketplace."

About SibTechService-N

SibTechService-N was founded in 2006 and is located in Novosibirsk, Russia. STS-N currently performs general construction for commercial energy projects and municipality infrastructure such as roads and airport runways. STS-N uses modern building materials and technologies based on proprietary technology. These materials have unique thermal performance, and allow the building process to be efficient and cost-effective for both the customer and contractor. The main customers of STS-N include the government administrations of Novosibirsk and the surrounding cities. Commercial customers include the Tolmachevo Airport and TZK Aerofuels. STS-N has received numerous letters of recommendation from TZK Aerofuels. TZK Aerofuels provides fuel supplies to 800 locations worldwide and provides jet fuels to more than 70 air carriers within the Russian Federation, such as Aeroflot, S7 Airlines, Vladivostok Avia, Tesis, Atlant-Soyuz, the Ministry of Emergency Situations, and the Ministry of Defense. For more information regarding TZK Aerofuels, visit Aerofuels.ru (http://www.aerofuels.ru/ ). For additional information regarding SibTechService-N, visit sts.sfo.ru (http://sts.sfo.ru).

About Diversified Global Holdings Group

Diversified Global Holdings Group Inc. is an international holdings company headquartered in Orlando, with offices in the United States, Russia and Germany. With 10 acquisitions completed in its first year, DGHG has proven its growth strategy and is strategically leveraging its four divisions to increase the corporate value of its business segments. DGHG is planning to apply for listing of common stock on a senior national securities exchange, which will increase liquidity in the stock, giving the company access to a wider range of institutional investors and a tighter bid-ask spread that will reduce risk for investors. Company management believes this exchange listing will also give DGHG greater access to capital that can be used to grow its business. For more information, visit DiversifiedGlobalHoldings.com (http://www.diversifiedglobalholdings.com).

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains 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) regarding the company and its business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of management and the statements are based on facts and factors as they are currently known.

Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. Management undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release. These statements may be identified by the use of forward looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will" or other similar terminology. These forward-looking statements are based on current expectations, assumptions, estimates and projections. While management believes these expectations, assumptions, estimates and projections are reasonable, such forward looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond control. These and other important factors may cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Some of the key factors that could cause actual results to differ from expectations include: ability to develop and sell advanced communications products and services, including unified communications and contact center solutions; ability to develop indirect sales channel; economic conditions and the willingness of enterprises to make capital investments; the market for holdings companies and or the markets of subsidiaries; ability to remain competitive in the markets served; ability to manage supply chain and logistics functions; the ability to protect intellectual property and avoid claims of infringement; ability to effectively integrate acquired businesses, including SibTechService-N, into the company; ability to maintain adequate security over information systems; environmental, health and safety laws, regulations, costs and other liabilities; the ability to retain and attract key employees; risks relating to the transaction of business internationally; pension and post-retirement healthcare and life insurance liabilities; and liquidity and access to capital markets. Readers are cautioned that the foregoing list of important factors may not contain all of the material factors that are important. Management undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Political and operational risks in the countries in which DGHG may operate and governmental regulation and judicial outcomes, and other risks detailed from time to time in DGHG's filings with the Securities and Exchange Commission, Copies of each filing may be obtained from DGHG or the S.E.C. or its web site at SEC.gov (http://www.sec.gov).

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CONTACT:
Richard Lloyd
Diversified Global Holdings Group, Inc.
800 N. Magnolia Ave.
# 105
Orlando, FL 32803
PHONE. 407-843-3344

SOURCE: Diversified Global Holdings Group Inc.