DWS Defense Systems, Inc. Announces a Strategic Alliance with KBHM Corporation, Inc.
09 Janeiro 2004 - 12:12PM
PR Newswire (US)
DWS Defense Systems, Inc. Announces a Strategic Alliance with KBHM
Corporation, Inc. Pact to Allow DWS to Penetrate Lucrative New York
Metropolitan Area Real Estate Market HAUPPAUGE, N.Y., Jan. 9
/PRNewswire-FirstCall/ -- DWS Defense Systems, Inc., (DWS) a wholly
owned subsidiary of DataWorld Solutions, Inc. (PinkSheets: DWLD)
announced today that it has entered into a strategic alliance with
KBHM Corporation, Inc., (KBHM) a specialty New York-based real
estate investment and development company that develops and
acquires high- density residential properties. DWS is expected to
provide its high quality designed, manufactured and installed glass
and polymer laminated products and systems to KBHM's properties
throughout the tri-state area and around the country. "We believe
that DWS's security solutions are increasingly important for both
landlords and tenants in the current environment," said Michael N.
Mirolla, President of KBHM. "Our architectural partner, ARCH SPIRE
Architecture P.C. has reviewed DWS's bomb resistant glass
specifications and feels that this product could not only afford us
a competitive advantage in today's environment, but provides a
safer and more secure environment for our tenants requiring
high-end security." KBHM and its partners are currently negotiating
the acquisition of 430 existing multifamily units in Connecticut
and the acquisition of three multifamily development sites in New
York. The total acquisition cost is approximately $50 million, with
projected development costs of approximately $100 million.
Sandhurst Development, a subsidiary of KBHM is in the process of
closing on a 4.5 acre site in downtown Las Vegas. Its goal is to
develop a multifamily high-rise tower consisting of approximately
360 units. The total development cost is approximately $90 million.
"We are excited to enter into a strategic alliance with KBHM
Corporation, Inc.," said Dan McPhee, Chief Executive Officer of
DataWorld Solutions. "This relationship will help to ensure that
DWS' emergence in the safety and security marketplace will be
enhanced by access to properties owned or controlled by KBHM. This
alliance should allow both parties to benefit from the delivery of
our manufactured and installed glass and polymer laminated products
and systems. The New York Metropolitan area, and other large
cities, could be targets for terrorists, and our security
solutions, employing our bomb-resistant glass, could provide an
advantage to real estate developers looking to differentiate
themselves in a competitive market," CEO McPhee added. About KBHM
Corporation, Inc. KBHM Corporation, Inc. is a boutique real estate
investment and development company. KBHM was formed after September
11, 2001, and started as a real estate consulting firm. In 2003,
the company redirected it resources into the development and
acquisition of high-density residential properties. KBHM's
long-term objective is to develop/acquire multifamily properties in
the NY metro area, Florida and Las Vegas, NV. In an effort to
achieve this goal, KBHM has acquired and created strategic
relationships with the following organizations: ARCH SPIRE
Architecture P.C., a New York State licensed architectural company;
Spire Group, Inc., a New York State Project Management company; 61
Capital Associates, LLC a New Jersey financial capital company; and
Sandhurst Development LLC, a Nevada development organization. In
addition, KBHM has institutional relationships within the real
estate, financial and construction industries. About DWS Defense
Systems DWS Defense Systems, Inc., a wholly owned subsidiary of
DataWorld Solutions, Inc., was created in response to the growing
security concerns expressed by the clients of DataWorld. In
reaction to acts of domestic and international terrorism,
businesses are searching for better ways to protect their
buildings, and more importantly, to better protect the people who
work in or visit these locations. DWS will offer one such solution
-- high quality, state of the art safety/security glass product
applications and associated security systems. The highly skilled
DWS Defense Systems in-house team working in collaboration with its
strategic teaming partners will design, develop, manufacture,
install and market specialty products, equipment, and systems for
the safety and security needs of all sectors of the domestic and
international marketplace. For more information on DataWorld
Solutions, Inc. Corp. visit: http://www.dataworlddirect.com/ Except
for historical matter, the matters in this press release are
forward-looking statements and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
The forward-looking statements reflect assumptions, and involve
risks and uncertainties, which might affect DataWorld's business
and prospects and cause actual results to differ materially from
these forward-looking statements, which are detailed in DataWorld's
public filings with the SEC. DATASOURCE: DWS Defense Systems, Inc.
CONTACT: Sue Fitzpatrick, DataWorld Solutions, Inc.,
+1-631-342-7567, Web site: http://www.dataworlddirect.com/
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