Danubia Global Response to Wallstreet Journal Article

An article was recently published by The Wall Street
Journal in which certain assertions were made or implied in regards to
Danubia Global Inc.
Mr. Bogdan-Valentin Bichir, Director of Operations of the
Bucharest office of Danubia Global Inc., responded today to these
assertions and statements. He said, "The report is inaccurate. There
is no business relationship between Danubia Global and Windmill
International Ltd. (USA) nor between Danubia Global and Custer Battles
LLC (USA)."
As reported in the article, Mr. Hanford Johnson, Chairman of
Windmill International Ltd., acknowledged that Windmill International
Ltd. had strongly considered buying Danubia Global but never finalized
the purchase. It is true, according to Mr. Bichir, that there were
"serious negotiations" underway last year between Danubia Global and
Windmill International Ltd. "But in the end," noted Mr. Bichir,
"nothing happened and the two companies parted ways. Despite talks
over several months, there was no sale to Windmill International Ltd.
of any interest in Danubia Global. To this day, Danubia Global is a
completely independent company with no ties whatsoever to Windmill
International Ltd."
The article further reports, "Custer Battles continues to operate
in Iraq under a different name". If the implication of this statement
is that Danubia Global Inc is the "different name," Danubia Global
denies and rejects this assertion. Mr. Bichir confirmed that "Danubia
Global is an independent operating company with no ties to Custer
Battles LLC. Any assertion otherwise is wholly inaccurate. While it is
true - as occurs often enough when one company buys an operation from
another - the buyer retains the experience and skills of some key
personnel during the transition, there has since then been a huge
turnover of staff in Iraq with an entirely new set of senior
managers."