Global Digital Solutions, Inc.
777 South Flagler Dr., Suite 800 West Tower
West Palm Beach, FL 33401
William J. Delgado, Chairman and Chief Executive Officer of Global Digital Solutions, Inc., Issues Shareholder Letter Regarding Recent SEC Developments and Current Status of Previously-
PALM BEACH, FL / ACCESSWIRE / August 17, 2016 / William J. Delgado, newly-
August 16, 2016
RE: Letter to Shareholders
Dear Fellow Shareholder,
As you may know, The Company filed an 8-
Since issuing the shareholder letter on May 15, 2016, Global Digital Solutions, Inc. (the “Company”) has been working on the priority items I set out in the letter.
(1) Cleaning up the Company’s balance sheet and becoming current with our public filings.
Status: We have made good progress on these items, but will not be able to give specifics until sometime in September.
(2) Reviewing our strategic alternatives, including our recent negotiations and agreements with our announced acquisition.
Status: The management team of myself, V.P. of Business Development, Ross Trevino, and advisory board member, Matt Kelly, have made substantial progress in this area. Unfortunately, we are unable to provide details at this time, both for legal and strategic reasons. I look forward to disclosing our information to you at the appropriate time. Rest assured our management team, including Chief Financial Officer, Jerry Gomolski, and Chief Technology Officer, Gary Gray, are working hard to get all of the work completed.
This summer has been one of the most challenging periods of my entire career. Please know there are significant financial and legal hurdles still in our path; we will be relying on our management experience and will require outside help, i.e. financing, in order to achieve our goals. Your understanding and support is greatly appreciated.
/s/ William J. Delgado
William J. Delgado, CEO
For more information about GDSI, visit http://www.gdsi.co.
About Global Digital Solutions, Inc.
Global Digital Solutions is positioning itself as a leader in providing comprehensive security and technology solutions. On June 16, 2014, GDSI completed its acquisition of North American Custom Specialty Vehicles (NACSV), a leading builder of mobile command/communications and specialty vehicles for emergency management, first responders, national security, and law enforcement operations. For more information about GDSI, visit http://www.gdsi.co.
Forward Looking Statements
This press release contains “forward-