Exton, PA (PRWEB) December 1, 2008
Defense Solutions, Inc., a privately held Delaware corporation, has announced that it has successfully completed a reverse merger with Flex Resources Co. Ltd. (formerly OTC Bulletin Board: FXRI). Flex Resources has changed its name to Defense Solutions Holdings, Inc. in connection with the transaction, and shares of Defense Solutions Holding, Inc. will be included on the OTC Bulletin Board under the symbol "DFSH."
The merger transaction was completed by the merger of a wholly-owned subsidiary of Flex Resources with and into Defense Solutions, with Defense Solutions remaining as the surviving company and a wholly-owned subsidiary of the company now known as Defense Solutions Holdings, Inc. The officers and directors of Defense Solutions replaced all of the officers and directors of Flex Resources at the effective time of the merger. The company will retain all Defense Solutions' employees and will maintain its principal operations in Exton, Pennsylvania. The company will operate Defense Solutions as its sole line of business.
The former shareholders of Defense Solutions will be entitled to receive approximately 52% of the outstanding capital stock of Defense Solutions Holdings, Inc. after giving effect to the merger.
About Defense Solutions
Defense Solutions is an international project management, executive consulting, and business development firm headquartered in Exton, PA (suburban Philadelphia). The company began operations in 2001 and has built a reputation as a leader in the refurbishment and upgrade of armored vehicles, as well as in provisioning of spare parts and equipment for military and security forces worldwide. In addition, Defense Solutions provides program management and business development services, and performs strategic studies and analyses in the International Defense and Homeland Security markets.
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 the Form 8-K 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.