MIAMI, April 28, 2011 /PRNewswire/ -- Diversity Group International (PINKSHEETS: DGIN) is pleased to release information on the Letter of Intent that was announced April 27th. Maxwell Financial Capital of London, England offered $0.20 for all of the outstanding shares of Diversity Group International. Kevin Bobryk, the CEO, will be presenting the LOI to the management team for their decision to move forward on the letter of intent. The firm expects to make a decision within the next several days.
The terms of this agreement are subject to full due diligence by both buyer and the firm, and upon mutual satisfaction of all criteria and full disclosure. The terms of the agreement may be subject to change based upon full disclosure by both parties.
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 Maxwell Financial Capital: Maxwell Financial Capital's website, www.maxwellfinancialcapital.com, describes the firm as "an International Financial Services Facilitator. They manage a private equity fund with assets in excess of $600 Million Euros. Maxwell Financial Capital Specializes in the assignment, lending and leasing of bank instruments. They facilitate all levels of funding for business or projects and/or to serve as collateral for a business transaction. They specialize in innovative financial solutions, facilitating global investment thereby allowing companies to profit from their sources and services by receiving the cash backed collateral needed to obtain the credit/funding to develop commercial and investment projects worldwide."
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.
It is understood that this is a letter of intent only regarding the proposed terms of the letter of intent which does not create or constitute a binding obligation upon or agreement between the Parties and is not a definitive agreement with respect thereto but such letter of intent expresses a good faith intention to proceed expeditiously to negotiate, prepare, and execute a Purchase Agreement. A binding agreement and obligation shall only arise if and when a definitive Purchase Agreement has been negotiated, reduced to writing, approved by respective counsel and duly executed.
DIVERSITY GROUP INTERNATIONAL INC.
#1818, 600 NE 36th Street
Miami, FL, 33137
Kevin Bobryk, CEO
SOURCE Diversity Group International Inc.