Defense Solutions Holding, Inc. /DFSH Executes Agreement in Support of Iraq Foodstuffs Contract

EXTON, Pa., Feb. 8 /PRNewswire-FirstCall/ -- Defense Solutions Holding, Inc. (OTC Bulletin Board: DFSH) announced today that it executed an agreement with a major European commodity supplier to fulfill its requirements to the Government of Iraq following successful negotiations of a major foodstuffs contract last month valued at more than $60 million.

Defense Solutions, Inc., a wholly owned subsidiary of DFSH that is licensed to operate in Iraq, will supply the foodstuffs through the Iraq Ministry of Trade.  Delivery to Iraq will be completed in four shipments over the next five months.  First product shipment is planned to arrive in Iraq within forty-five days.

"We are pleased that the Ministry of Trade has entrusted this contract to Defense Solutions and that our supplier has met our price objectives," stated Ringgold. "This opportunity represents a substantial value for our shareholders as the firm's margin is anticipated to be in excess of 8%. This contract is substantial in value and return.  Further, we expect it to be the first of many for our firm in 2010 and beyond in Iraq."

Defense Solutions began working in Iraq in 2005 when it repaired and supplied 77 Army Tanks under contracts with NATO, the Iraq Defense Ministry, and the US Army. Since then, Iraq's Ministry of Trade licensed Defense Solutions as one of few American firms authorized to conduct both defense and commercial business in Iraq. Defense Solutions' staff in Iraq consists of both US and Iraqi citizens, as does the staff at the company headquarters near Philadelphia.

About Defense Solutions

Defense Solutions Holding, Inc. is headquartered in Exton, PA. Established in 2001, the firms' founding philosophy was to deliver the world's best solutions to military members so they can perform their jobs with minimal risk. Defense Solutions has worked for Federal and State departments and agencies, the White House, and international allied organizations including Iraq's Defense Ministry, NATO, and the Multi-National Force in Iraq to devise and implement strategies supporting armed forces and civilian programs. Many of these programs directly support US and allied soldiers in combat. In 2009, Defense Solutions expanded its operations to include commercial sales, representing refineries seeking Iraqi oil, and supplying HMS-1/2 scrap.

For more information visit: http://www.ds-pa.com/.

Forward-Looking Statements:

Certain matters discussed in this release may constitute "forward-looking statements." Actual results and the timing of certain events may differ materially from those indicated by such forward-looking statements due to a variety of risks and uncertainties, many of which are beyond Defense Solutions' ability to control or predict, including, but not limited to, risks and uncertainties outlined in reports filed by Defense Solutions with the Securities and Exchange Commission.

The statements made herein are made as of the date of this release, and Defense Solutions undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements contained in this press release, and Defense Solutions undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

Defense Solutions Holding, Inc.

Michael Buglio

+1.610.833.6000

[email protected]

SOURCE Defense Solutions Holding, Inc.

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