SOURCE: Diversified Global Holdings Group Inc.

Diversified Global Holdings Group Inc.

July 06, 2011 12:15 ET

Diversified Global Holdings Group (DGHG) Acquires a Majority Ownership Stake in Miralab, a Russian Online Marketing Firm

Miralab Is a Leading Provider of Online Marketing and Social Media Services in a Market Expected to Surpass $100 Billion Within the Next 5 Years

ORLANDO, FL--(Marketwire - Jul 6, 2011) - Diversified Global Holdings Group Inc. (OTCQB: DGHG), a rapidly growing international holding company, today announced that it has completed the acquisition of a 51% majority ownership stake in Miralab LLC. This acquisition signifies Diversified Global Holdings Group's entry into the online marketing and social media sector.

According to FINAM, a leading investment company, the Search Engine Optimization (SEO) market in Russia will grow approximately 30% in the next five years, exceeding $2.5 billion dollars by 2016. The internet technology market in Russia which includes Search Engine Marketing (SEM) and Social Media Marketing (SMM) is expected to grow 400% and 800% respectively, in the next five years surpassing $100 billion.

Under the terms of the agreement DGHG will be partnered with RBS Corporation (RBS) who purchased a 30% stake in Miralab in the 2Q of 2011. RBS was founded in 2004 and is a leading internet marketing company with over 8 million users, approximately $200 million in annual revenues and 370 employees. Prior management of Miralab retained 19% ownership.

"This acquisition brings long term value to DGHG as an accretive acquisition but we also expect to see an immediate effect on our business consulting services segment as we can now provide companies with greater access to the Russian markets," said Richard Lloyd, CEO of Diversified Global Holdings Group.

DGHG and RBS intend to quickly expand into the Social Media Marketing sector. The group also projects that Miralab's revenues will increase approximately 68% in 2012 due to the execution of several new contracts including one recently signed with Panasonic. Miralab currently serves 50 customers.

About Miralab LLC
Miralab was founded in 2008 under the name Promium.ru and is a leading internet marketing company headquartered in Moscow. Miralab provides SEO, SEM and web analytics. Miralab was ranked one of the top 15 SEO companies in Russia. For additional information, visit miralab.ru (http://www.miralab.ru).

About Diversified Global Holdings Group Inc.
Diversified Global Holdings Group (OTCQB: DGHG) is a rapidly growing holdings company with strong subsidiaries worldwide. Since inception DGHG has completed 11 acquisitions and proven its M&A strategy. DGHG intends to continue its expansion in emerging markets by leveraging its 5 divisions into 12 major market sectors. For more information, visit DiversifiedGlobalHoldings.com (http://www.dghold.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. # 105
    Orlando, FL 32803
    PHONE. 407-843-3344
    FAX. 407-843-2344
    EMAIL: Email Contact
    www.dghold.com
    twitter.com/DGHOLD