DeFi Global Files Form 10-Q for the Quarter Ended June 30, 2010

SOURCE: DeFi Global, Inc.

Three-Year Contract With Royal Caribbean Cruise Lines Begins Generating Revenues

SCOTTSDALE, AZ–(Marketwire – October 15, 2010) –  DeFi Global, Inc. (PINKSHEETS: LCHL) announced today that it has filed its financial results for the second quarter ended June 30, 2010 on Form 10-Q with the Securities Exchange Commission (

During the quarter, DeFi completed its initial phase of a three-year contract with Royal Caribbean Cruise Lines (“RCCL”), operators of Oasis of the Seas, the world’s largest and most innovative cruise ship. DeFi successfully deployed an integrated software solution on-board Oasis of the Seas, and has begun generating revenues from the rental of dedicated iPhones powered by DeFi’s mobile application and private global Wi-Fi network. Revenues for the six months ended June 30, 2010 were $72,583, which represents only a portion of committed iPhones to RCCL. These devices are branded by RCCL under the name “Royal Connect.”

Jeff Rice, CEO of DeFi Global, Inc., said, “With the successful launch of Royal Connect, DeFi has officially transitioned from our development to commercialization phase. While we have not realized our full revenue potential from sales of Royal Connect, our business has taken a major step forward in bringing our mobile software and networked platform to market. We look forward to increasing sales from rentals and future mobile advertising on Royal Connect as well as implementing a commercial roll-out schedule to other ships in the RCCL fleet. In addition, our discussions with theme parks, venues and other businesses can lead to new orders, a more diversified customer base and strong revenue growth in 2011.”

About DeFi Global, Inc.
Founded in 2006, DeFi Global is a technology company and a global network service provider that develops and delivers a wide variety of services, applications, products and solutions for business customers. Headquartered in Scottsdale, AZ, DeFi Global leverages the carrier-grade architecture of its private IP network, and a suite of proprietary software applications in a hosted environment to deliver end-to-end communications solutions to carriers, mobile operators, cable operators, ISP’s and large enterprise businesses. DeFi launched its first customized mobile software and location-based navigational solution on-board the world’s largest cruise ship, Oasis of the Seas, through an agreement with Royal Caribbean. For more information, visit

This Press Release contains “forward-looking statements” that are based on current management’s expectations. Statements that are not historical facts are identified as “forward-looking statements.” The words “estimate,” “project,” “intend,” “expect,” “believe,” “plan,” and similar expressions, particularly when used in the “future tense,” are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. These forward-looking statements are necessarily estimates, reflecting the best judgment of senior management that rely on a number of assumptions concerning future events, many of which are outside of the Company’s control, and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements.

These uncertainties, among others, include the success of the Company in obtaining sufficient equity and debt capital on commercially reasonable terms to carry out its business plan, whether its services will find acceptance in the market place and generate significant sales and profits, the status of US and World economies, and various other factors. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward-looking statements. You should not unduly rely on these forward-looking statements, which speak only as of the date of this Press Release. Except as required by law, we are not obligated to release publicly any revisions to these forward-looking statements to reflect events or circumstances occurring after the date of this Press Release or to reflect the occurrence of unanticipated events.

Click here to see all recent news from this company