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8-K - CURRENT REPORT - GLOBAL DIGITAL SOLUTIONS INC | gdsi_8k.htm |
Exhibit
99.1
Contact:
William
Delgado
561-515-6198
info@gdsi.co
Global Digital Solutions Inc. Secures $1,200,000 in Financing from
New York-based Institution
West Palm Beach, FL, February 2, 2018-- 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 secured
$1,200,000 in financing from a New York-based
institution.
The
financing is non-dilutive, non-toxic and is not convertible and
will never be convertible into any equity of the Company. The
financing will be distributed in tranches based on pre-determined
milestones as developed by the institution. The first $300,000 has
been received and has been used to pay a portion of the
Company’s previously announced liabilities and some legal
expenses not associated with the Rontan lawsuit. Global Digital
Solutions expects to be able to meet the next milestone within 90
days.
The New
York-based institution has never invested in any micro-cap stock in
their corporate history. The principals of the New York-based
institution are leaders in their field and are well known as
individuals that have been pioneers in building a particular
industry here in the United States.
William
J. Delgado, GDSI’s CEO, noted that “This financing is a
validation by a well-respected New York-based institution of their
confidence in our future plans. It is quite rare that a company of
our size gets a non-dilutive, non-convertible infusion of capital
but we were able to achieve this. As we announced just two days
ago, we have engaged Boies Schiller Flexner LLP and initiated legal
action against Grupo Rontan Electro Metalurgica, S.A. and principal
shareholders, Joao Bolzan and Jose Bolzan.”
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 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.