Defense Solutions Pumped Over Its Sweet Deal In Iraq

Timothy Ringgold, CEO of Defense Solutions Holdings, in Iraq.

Defense Solutions Holding Inc. thinks there is money to be made supplying domestic products to Iraq — and now that it has some proof, it has hired a New York firm to publicize it.

The company, whose stock is traded on the Pink Sheets, negotiated a contract in January to sell $63 million worth of sugar to the Iraqi government. Last month, it reached an agreement with a commodity supplier for the sugar, which is being transported to Iraq in four shipments over five months.

Shortly afterward, Defense Solutions hired the Investor Relations Group, a New York-based corporate communications firm, to serve as its investor and public relations firm. IRG’s investor-relations team is trying to get the company and its strategy on the radar of targeted portfolio managers and equity analysts, while its public-relations team is trying to get media mentions for it.

Defense Solutions is bullish on its prospects in Iraq for several reasons.

Source: Philadelphia Business Journal