PALM BEACH, Fla., Nov. 15, 2013 /PRNewswire/ -- Global Digital
Solutions, Inc. (GDSI), a company that is positioning itself as a
leader in providing cyber arms manufacturing, complementary
security and technology solutions and knowledge-based,
cyber-related, culturally attuned social consulting in unsettled
areas, today offered additional details about the company's
strategic plans and expected near-term results.
During the fourth quarter of 2013, GDSI expects to be able to
announce several agreements regarding potential acquisitions that
fit into the company's targeted global growth strategy. It
goes without saying that these agreements will be subject to due
diligence and financing approval.
Taking into account GDSI's various lines of business and
assuming these additional strategic acquisitions move forward as
expected, the company now anticipates that if it closes the
potential acquisitions, it may achieve an annual revenue run rate
between $60 million and $75 million
during the first quarter of 2014.
Today's announcement continues the company's ongoing effort to
keep the public apprised of all important developments related to
implementing GDSI's global growth strategy as outlined in the Open
Letter from Richard J. Sullivan,
GDSI's President and CEO, on October
29, 2013. The entire Open Letter to the Public is
available on GDSI's website at
http://gdsi.co/rjs_open_letter.html.
"We're making this additional information publicly available in
the interests of fairness and complete transparency," said
Richard J. Sullivan, GDSI's
President and CEO. "We believe it's important to let everyone know
what actions we're taking to implement our strategy, which I
outlined in my Open Letter recently. We're actively engaged
in several exciting, strategically significant discussions that we
believe will come to fruition in the fourth quarter of 2014.
Taking everything into account, we now expect GDSI to achieve an
annual revenue run rate of between $60
million and $75 million in the first quarter of next
year. This is very important information and we believe we
have an obligation to publicly disclose our plans and
expectations."
About Global Digital Solutions, Inc.
Global Digital
Solutions is positioning itself as a leader in providing cyber arms
manufacturing, complementary security and technology solutions and
knowledge-based, cyber-related, culturally attuned social
consulting in unsettled areas. For more information please
visit http://www.gdsi.co.
Forward Looking Statements
This press release contains
"forward looking statements" within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
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 Registration
Statement on Form 10/A filed on October 7,
2013, and in our other filings with the U.S. Securities and
Exchange Commission.
Contact:
W. J. Delgado
916-838-8833
info@gdsi.co
Richard J. Sullivan
561-515-6163
info@gdsi.co
SOURCE Global Digital Solutions, Inc.