Anzeige
Mehr »
Sonntag, 06.07.2025 - Börsentäglich über 12.000 News
Surfen Sie die heißeste Edelmetall-Welle des Jahrzehnts! Dieses TOP-Unternehmen zündet nächste Wachstumsstufe!
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche
ACCESS Newswire
196 Leser
Artikel bewerten:
(0)

Global Digital Solutions Inc. CEO Issues Update to Shareholders; Secures Additional $650,000 from New York Institutional Investor

WEST PALM BEACH, FL / ACCESSWIRE / August 13, 2019 / Global Digital Solutions, Inc. (OTC PINK:GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, issues the following update from its President and CEO William Delgado.

Dear Fellow Shareholder,

After almost three and a half years of work involving the Rontan acquisition, I am pleased to announce the following: All of the Motions to Dismiss have been resolved in the company's favor. We have submitted the bulk of our written documentation and have completed the first deposition of the former CEO of Rontan on Friday August 9, 2019. Depositions continue next week, with the GDSI management scheduled for depositions in September. Discovery is scheduled to close at the end of September. We are anxiously awaiting the trial, which is currently scheduled for December 9, 2019 to present all of our information. All of our stakeholders, including GDSI management, legal, and financial partners are very confident regarding our position.

HarmAlarm Acquisition: The development of the PALS system is going very well. The high tech camera has been received and our vendor is currently installing the infrared components. Next up is ground testing, which will be taking place in Houston. The final steps are the aerial tests and compilation of the data, which will then be sent to the FAA for approval. The company expects that there will be additional functionality of the patented system, in addition to the landing system component. The previous version of our patented technology is currently in use in high end general aviation aircraft and a freight carrier. The market for the system will be general aviation, freight carriers, corporate flight departments, and charter operators. Management believes the company will be generating revenue from PALS by the second quarter of 2020.

Additional Financing: The Company has received a commitment for an additional $650,000 of financing from the New York institutional investor originally announced in 2018. This brings the total commitment to the company of $1,850,000, based on certain terms and conditions. The company has either met or expects to meet all of the conditions required for the financing. None of the committed capital is slated to the legal team of BSF. This financing is non-dilutive and is not subject to any conversion into the common or preferred stock of the Company. Financing for the Rontan legal action is separate of this capital and has been previously disclosed.

About Global Digital Solutions, Inc.

Global Digital Solutions, Inc. (OTC PINK:GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, continues to enhance shareholder value in these areas. In addition to our acquisition strategy, the Company has initiated a lawsuit for damages against Grupo Rontan Metalurgica, S. A, ("Rontan") and that company's controlling shareholders, Joao Alberto Bolzan and Jose Carlos Bolzan. The Company has engaged the law firm of Boies Schiller Flexner LLP to represent it in this action. The case will be handled by William Isaacson of the firm's Washington office and Carlos Sires of the firm's Fort Lauderdale office (Their professional profiles are available at https://bsfllp.com/lawyers). The action has been filed in the United States District Court for the Southern District of Florida. The complaint alleges that "Rontan is wholly-owned by Joao Bolzan and Jose Bolzan. It is one of the world's largest manufacturers of original equipment for specialty vehicles for emergency management, first responders, national security, and law enforcement operations. The company also acquired NACSV, a supplier of Mobile Command Centers to Military, Law Enforcement, and First Responders. In March of 2019, the Company acquired HarmAlarm. HA was formed in 2002 as a private Texas company to pursue Infrared commercial applications in the aviation services area. HA has developed a system known as Pilot Assisted Landing Systems (PALS). The precision and robustness of PALS has generated a host of new applications mainly through "landing trajectory" optimization which provides additional safety margin against weather related hazardous conditions, like wind shear, wake turbulence, icing, as well as low ceilings and fog. For more information about GDSI, visit http://www.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 June 18,2019, and in our other filings with the U.S. Securities and Exchange Commission.

Contact:

William Delgado
775-443-4740
info@gdsi.co

SOURCE: Global Digital Solutions Inc.



View source version on accesswire.com:
https://www.accesswire.com/555735/Global-Digital-Solutions-Inc-CEO-Issues-Update-to-Shareholders-Secures-Additional-650000-from-New-York-Institutional-Investor

© 2019 ACCESS Newswire
Zeitenwende! 3 Uranaktien vor der Neubewertung
Ende Mai leitete US-Präsident Donald Trump mit der Unterzeichnung mehrerer Dekrete eine weitreichende Wende in der amerikanischen Energiepolitik ein. Im Fokus: der beschleunigte Ausbau der Kernenergie.

Mit einem umfassenden Maßnahmenpaket sollen Genehmigungsprozesse reformiert, kleinere Reaktoren gefördert und der Anteil von Atomstrom in den USA massiv gesteigert werden. Auslöser ist der explodierende Energiebedarf durch KI-Rechenzentren, der eine stabile, CO₂-arme Grundlastversorgung zwingend notwendig macht.

In unserem kostenlosen Spezialreport erfahren Sie, welche 3 Unternehmen jetzt im Zentrum dieser energiepolitischen Neuausrichtung stehen, und wer vom kommenden Boom der Nuklearindustrie besonders profitieren könnte.

Holen Sie sich den neuesten Report! Verpassen Sie nicht, welche Aktien besonders von der Energiewende in den USA profitieren dürften, und laden Sie sich das Gratis-PDF jetzt kostenlos herunter.

Dieses exklusive Angebot gilt aber nur für kurze Zeit! Daher jetzt downloaden!
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.