HENDERSON, NV--(Marketwire -08/29/12)- Orion Diversified Holding Co., Inc. (OODHA) is pleased to announce that company shareholders now own BGUARDED SECURITY Co., [LLC/SP] through an acquisition. BGUARDED SECURITY was purchased directly by ORION DHC from the owner, Ron Pasquinucci, for cash and restricted stock. Mr. Pasquinucci will remain the Responsible Managing Officer (RMO) for the company and will work directly with the ORION DHC consulting team to expand current operations. The expansion is poised to include not only increased land security patrols but also International Maritime Cargo Ship Security, which Mr. Pasquinucci says is a "very lucrative market segment" for BGUARDED SECURITY.
ORION DHC, Inc. CEO Randy Hoff commented, "BGUARDED SECURITY is one of those solid companies we seek out to add to our team. I am very delighted to work with Ron and expand his company where he deems fit. He has years of experience and his private security patrols are getting more and more in demand as the economic situation around the globe deteriorates. Private security is a booming business as many local police departments have laid-off much needed officers. In addition, the issue with International waters Piracy is on the rise and contracts with ship owners and shipyards for cargo ship security is rising as well. Ron and BGUARDED SECURITY are fully licensed to run a 'posse' of armed Private Patrol Officers (PPO#16966) -- on land and at sea. The best part about this acquisition for ORION DHC shareholders is that Ron will remain onboard with ORION DHC as the RMO and manage his company as 'business as usual.' I see this new acquisition rewarding our shareholders not only monetarily but also with the satisfaction that BGUARDED will help protect innocent people in some very dangerous times."
The ORION DHC corporate website will be updated with information regarding the new acquisition, and the ORION DHC logo will be added to an updated BGUARDEDSECURITY website in the coming days.
ORION DHC, Inc. last traded at $1.35 per share.
About ORION DHC, Inc.
ORION DHC, Inc. is a publicly traded holding company actively seeking attractive investments and utilizing time-tested value investing principles to grow its corporate holdings. The corporation targets licensable intellectual property, equity assets, entertainment assets, real estate and divisions in various stages of development.
This press release contains forward-looking statements regarding the future performance of the Company within the meaning of the Private Securities Litigation Reform Act of 1995. Statements within this press release are subject to a variety of risks and uncertainties that may cause actual results to differ materially from purported expectations. Please invest wisely and always consult your financial adviser before taking any financial position in ORION DHC, Inc.