SOURCE: Diversified Global Holdings Group, Inc.

Diversified Global Holdings Group, Inc.

May 23, 2011 13:08 ET

Diversified Global Holdings Group Acquires an Equity Position in Banyan Development LLC

DGHG Enters Into the Commercial, Residential, Real Estate Development and Property Management Sector

ORLANDO, FL--(Marketwire - May 23, 2011) - Diversified Global Holdings Group Inc. (OTCQB: DGHG) today announced that it has successfully completed the acquisition of Banyan Development LLC. Under the terms of the acquisition, DGHG purchased 48 percent of the outstanding equity of Banyan Development.

Banyan Development has repositioned itself into an Elder Care management and investment company. Banyan Development has extensive experience in the commercial and residential real estate industry and is now adding Elder Care Residences to its robust portfolio of services.

Banyan's first project in the Elder Care market will be the development of its flagship property. This facility will be a 100 bed Assisted Living Residence offering standard care options, as well as care for Alzheimer's and other dementia related disorders. This residentially inspired facility will be state of the art and designed to adhere to the "Eden Alternative." This principle-based philosophy seeks to empower caregivers to transform the outdated institutional service delivery models into a homelike elder centric community, whereby life revolves around continued contact with family, animals, the outdoors and especially children.

"Banyan complements the DGHG portfolio with additional cash flow, a new industry vertical and timely accumulation of U.S. based community enhancing projects," said Richard Lloyd, CEO of Diversified Global Holdings Group. Mr. Lloyd continued, "I see this as a significant paradigm shift in the assisted living sector which we expect to produce year over year results for the next fifteen to twenty years."

A PEW Research Center Study recently confirmed that as of January 1, 2011, "every day for the next 19 years 10,000 baby boomers will reach the age of 65," clearly demonstrating the steadily rising demand for these care facilities and potential profits for the next two decades.

The growth in this sector can also be seen in a National Investment Center 2010 report which stated, "A chief reason why senior housing is viewed as 'outperforming' other asset classes in recent times is the fact that Year Over Year rents are continuing to grow." This is tremendous considering our current recessionary economy.

The National Investment Center for the Seniors Housing & Care Industry has published data showing that seniors housing Year Over Year rent growth was 1.5% as compared to data provided from the Mortgage Bankers Association and Property & Portfolio Research showing that office and multifamily Year Over Year rents declined by 9% and 6%, respectively.

About Banyan Development LLC.
Banyan Development LLC is a successful, cash flow positive, commercial/residential real estate, development and property management company with assets in the South Florida market. Banyan Elder Care division has over 50 years of combined experience providing vanguard services to both the for profit and nonprofit Adult Services sectors and brings with them a wealth of experience in a wide variety of service delivery models. Banyan's management has developed a strong reputation and keen understanding of one of the nation's most exclusive real estate markets and is focused on developing market-driven community enhancing projects. For more information, visit (http://www.banyandevelopment.com).

About Diversified Global Holdings Group Inc.
Diversified Global Holdings Group Inc. is an international holdings company headquartered in Orlando, Fla. In 2010, DGHG achieved $45 million in revenues and $7,016,719 EBITDA through its successful implementation of its business plan. DGHG is a fast-growing international holdings company with strong subsidiaries in emerging markets. Led by DGHG's solid management team, these high-quality service providers are successfully expanding and are becoming industry leaders within their markets. With ten acquisitions completed its first year, DGHG has successfully executed its business model and is strategically leveraging its 4 divisions to eventually establish profitable operations in 12 market sectors globally. For more information, visit (http://www.diversifiedglobalholdings.com).

Forward-Looking Statement 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.

Contact Information

  • Contact:

    Richard Lloyd
    Diversified Global Holdings Group, Inc.
    800 N. Magnolia Ave.
    Suite 105
    Orlando, FL 32803
    PHONE. 407-843-3344
    FAX. 407-843-2344
    E-MAIL: Email Contact
    http://www.dghold.com