SOURCE: Diversity Group International, Inc.

March 22, 2011 16:01 ET

Diversity Group International (DGI) Opens New Discussions to Expand Board of Directors

MIAMI, FL--(Marketwire - March 22, 2011) -  Diversity Group International (PINKSHEETS: DGIN) today announced that it is in preliminary discussions with Mr. John Nemanic to fill a position on the firm's Board of Directors.

"The potential addition of Mr. Nemanic to our Board of Directors would create a strong foundation on which we can grow the firm's Board of Directors to support our strategic plans," says Diversity Group's CEO Kevin Bobryk. "Mr. Nemanic has a highly successful proven track record in guiding start-up and small firms through strong growth phases which have ultimately led to highly successful mergers and acquisitions for those companies."

"Diversity Group's unique services present a potential market-changer," says Nemanic. "I am looking forward to further discussions on the ways we can work together to make IRMA and IROS leaders in the field of interest-rate management."

About Diversity Group International Inc.: Diversity Group International (DGI) is a U.S. based company listed under the symbol DGIN. DGI specializes in the development and delivery of interest rate, currency and Insurance related products and services in both the domestic (U.S.) and International markets.

About John Nemanic: Mr. Nemanic currently sits on the Board of Directors and chairs a number of board committees at Inc., a developer of unique and proprietary software portability engines. Mr. Nemanic's career includes a variety of highly successful public ventures:

  • Partner, Co-Founder and Corporate Director at GeeksForLess Inc. a software development and business processes outsourcer to North American and European Firms.
  • Chairman and CEO at Inc.; completing a successful IPO. Where he also assisted with the creation, implementation and operation of Hostopia's "off-shoring" strategy. Hostopia was purchased by Deluxe Corporation for $124 million in August 2008
  • President and CEO at Internet Direct Canada Inc.; growing this venture from less than $20,000 revenue, with his partners grew the firm to over $40,000,000. Internet Direct became publicly traded in January 1999, and was acquired by Look Communications via a reverse takeover, November 1999.
  • President and CEO at Tucows Inc.; a provider of back office and wholesale Internet services to web hosting and internet providers. He collaborated with his partners to sell to an investment group in May 1999, for approximately $36 million USD. Tucows is now publicly traded on the American and Toronto Stock exchanges, Tucows Inc.

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