ORLANDO, Fla., April 14, 2005 (PRIMEZONE) -- DGW Financial Ltd. (Pink Sheets:DGFJ) announced that the company is now preparing to establish an office in Uruguay with the intent to become a deposit taking institution under Uruguay law. The Company will be adding experienced personnel, including both a director and an officer of the company, who will be responsible for building the South American market for DGW Financial.
Uruguay is considered the Switzerland of South America, primarily because of its banking regulations, which DGW Financial anticipates building upon. The branch in Uruguay will serve as the head office for the South American Market and will over time expand into all facets of financial business.
About DGW Financial Ltd.-
DGW Financial intends to be a harbinger of new business and industry, emphasizing first class services to the international business community. DGW Financials umbrella of services include business loans, letters of credit and bank guarantees, venture capital funding, etc. -- to strengthen and develop businesses in the region.
To further facilitate investment in the area, DGW Financial will act as an international fiduciary for receiving, holding and disbursing funds on behalf of third party private investors in a manner that will simplify the business and industry investments made within the region. Evaluating the economic development in each of the countries within the region, an investor can identify several common industries or service areas which are poised for growth.
Safe Harbor Forward-Looking Statements
Statements contained in this release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
For more information on DGW Financial Ltd. please visit our website at: www.dgwfinancial.com