Global Digital Solutions, Inc.
777 South Flagler Dr., Suite 800 West Tower
West Palm Beach, FL 33401
Global Digital Solutions (GDSI) Explains to Shareholders that, Due to Unfortunate Circumstances, the Estate of a Major Investor and Shareholder Who Passed Away Last December Has Liquidated Several Million Shares of GDSI Stock Over The Past Several Months Causing Downward Pressure on GDSI’s Stock Price
Expressing sympathy for the shareholder’s family, the Company is pleased their financial goals and needs have been addressed during this difficult time and expresses confidence that GDSI’s stock price will recover in due course – the Company expects to report to shareholders regarding the outlook for 2015 in the near future
PALM BEACH, Fla., November 20, 2014 /PRNewswire/ -
“We were deeply saddened by the passing last December of one of our earliest investors and largest shareholders,” said Richard J. Sullivan, GDSI’s President and CEO. “This shareholder loaned $750,000 to help launch GDSI and he was so supportive of our growth strategy that he later converted that loan into a large equity stake. We want to express our deepest sympathy to his loved ones and we’re pleased their financial goals and needs have been addressed during this difficult time. We feel we have an obligation to inform our shareholders about the reasons behind this unusually large number of shares on the market over the past several months and we’re confident the share price will recover in due course as we continue to pursue our growth strategy. With that in mind, we expect to report to shareholders regarding the outlook for 2015 in the very near future.”
About Global Digital Solutions, Inc.
Global Digital Solutions is positioning itself as a leader in providing cyber arms manufacturing and complementary security and technology solutions. On June 18, 2014, GDSI announced the acquisition of North American Custom Specialty Vehicles, LLC (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 NACSV’s suite of advanced vehicles, click here or visit http://www.gdsi.co/nacs_vehicles.html. For more information about GDSI, visit http://www.gdsi.co.
Richard J. Sullivan