Global Digital Solutions Inc. Announces Tentative Agreements
with Three Creditors
West Palm Beach, FL -- August 30, 2017 -- InvestorsHub
NewsWire -- Global Digital Solutions, Inc. (OTC:GDSI), a company that is
positioning itself as a leader in comprehensive security and
technology solutions, has announced it has reached tentative
agreements with three creditors for repayment of liabilities and/or
claims totaling approximately $491,574 as of August 15, 2017.
Repayment schedules begin within the next few days and conclude on
December 31, 2017. The company expects to pay approximately
$193,514 to settle these liabilities and/or claims.
William J. Delgado, GDSIs CEO, commented, I am very happy to
report this news. It is an important step in our on-going effort to
stabilize the company and is an important part of catching up on
our delinquent SEC filings. We are currently working on our 10K for
December 31, 2015. Work had already been completed on this 10K
prior to engagement of our new auditors, Turner Stone and our
advisory group, Eventus Advisory Group, LLC, Phoenix, AZ, who will
now be responsible for completing and filing it and the remaining
past-due filings. I will be publishing updates in the next few
weeks on our progress with the ongoing court cases and other
significant items as information becomes available.
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-looking statements. The
statements contained in this press release that are not purely
historical are forward-looking statements. Forward-looking
statements give the Companys current expectations or forecasts of
future events. Such statements are subject to risks and
uncertainties that are often difficult to predict and beyond the
Companys control, and could cause the Companys 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
Companys 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 Companys 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