DWS Defense Systems, Inc. Announces a Strategic Alliance with KBHM Corporation, Inc.
Friday January 9, 9:12 am ET
Pact to Allow DWS to Penetrate Lucrative New York Metropolitan Area Real Estate Market
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.
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.