Global Digital Solutions Inc. (GDSI) Announces Withdrawal of 14A, Shareholder Meeting to Increase Authorized Shares
CEO William Delgado also provides updates on other current issues
PALM BEACH, Fla., June 7, 2015-- Global Digital Solutions, Inc. (OTC:GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, announced, effective May 31, 2016, it would be withdrawing its 14A, originally intended to increase the Authorized shares of the Company to 2,000,000,000. “The 14A as proposed was not in the best interest of the shareholders. Instead, the Company is looking at other, non-dilutive types of financing in order to eliminate debt and provide working capital for the Company,” commented GDSI’s CEO, William Delgado.
Delgado added, “The Company is making good progress on the financing. Our primary goals are getting the payables and debt under control. In addition, I want to let the shareholders know the Company will be unable to make any further comments on the Brazilian transaction for a period of 30-60 days. I hope the shareholders will understand the complexity of this transaction and grant us the time needed to properly review it. We continue to pursue sales opportunities for our NACSV group, formerly located in Melbourne, FL. We are currently researching available leased space in South Florida that can be used to fulfill customer requirements for NACSV-engineered products. The Company is also announcing some new social media directives, including a Facebook page https://www.facebook.com/Global-Digital-Solutions-Inc-1021575067928214/ and a Twitter account @infoGDSI to better keep our shareholders informed.
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 https://gdsi.co.
Forward Looking Statements
This press release contains “forward-looking statements.” The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company’s control, and could cause the Company’s results to differ materially from those described. In some cases forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. These statements include statements regarding moving forward with executing the Company’s global growth strategy. The statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Important factors that could cause such differences include, but are not limited to the Risk Factors and other information set forth in the Company’s Annual Report on Form 10-K filed on March 30, 2015, and in our other filings with the U.S. Securities and Exchange Commission.
Contact:
Gary Gray
561-515-6163
info@gdsi.co
