PALM BEACH, Fla., Nov. 20, 2014 /PRNewswire/ -- Global Digital
Solutions, Inc. (OTCQB: GDSI), a company that is positioning itself
as a leader in providing cyber arms manufacturing and complementary
security and technology solutions, today issued a shareholder
advisory explaining that the estate of one of the Company's major
investors and shareholders has liquidated several million shares of
GDSI stock over the past several months causing downward pressure
on the Company's stock price. The Company believes the worst
of that downward pressure is now over.
"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.
Contact:
Richard J. Sullivan
561-515-6163
info@gdsi.co
SOURCE Global Digital Solutions, Inc.