MIAMI, Fla., July 20, 2011 /PRNewswire/ — Diversity Group International Inc.

Diversity Group International Inc. (OTC Markets PinkSheets: DGIN) previously announced on April 27, 2011 that it had entered into a letter of intent (the “Letter of Intent”) with Maxwell Financial Capital of London, England (“Maxwell”). The Letter of Intent provided for the offer by Maxwell to acquire all of the outstanding shares of DGIN at $0.20 per share. The Letter of Intent further provided that such terms were subject to full due diligence by both DGIN and Maxwell and upon mutual satisfaction of all criteria and full disclosure.

DGIN announces herein that its Board of Directors has made the determination that it is not in the best interest of DGIN and its shareholders to proceed with the consummation of any definitive agreement with Maxwell and has terminated the Letter of Intent.

During the course of due diligence, DGIN provided Maxwell with full corporate documentation and records and financial information, including debt structure. Maxwell provided DGIN with requested corporate and financial documentation, website, products and services. The Board of Directors of DGIN considered several factors regarding consummation of a transaction with Maxwell including, but not limited to: (i) a possible restructuring of DGIN, which would include a substantial reverse stock split; (ii) restructuring and repayment of the debt of DGIN, which included unfavorable terms; (iii) potential adverse effects on the trading programs of DGIN and circumventing the needs of certain business partners; and (iv) potential refusal of majority shareholders of DGIN of the terms of the definitive agreement. The Board of Directors also considered the average trading price of the common stock of DGIN approximately two weeks prior to the announcement of the Letter of Intent, which was $0.469 per share, and the average trading price of the common stock of DGIN approximately two weeks subsequent to the announcement of the Letter of Intent, which was $0.306 per share.

CEO Kevin Bobryk states, “The decision by our Board of Directors to terminate the Letter of Intent with Maxwell was in the shareholders’ best interests. We will continue looking forward to and striving for prosperous and successful business operations in the future.”

FORWARD-LOOKING STATEMENT:

Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, other than as required pursuant to applicable securities laws.

Contact:

DIVERSITY GROUP INTERNATIONAL INC.
#1818, 600 NE 36th Street
Miami, FL, 33137
www.diversitygi.com

Kevin Bobryk, CEO
Email: ir@diversitygi.com
Tel: 1-305-515-5610

SOURCE Diversity Group International Inc.