PALM BEACH, Fla., Oct. 21, 2013 /PRNewswire/ -- Global Digital
Solutions, Inc. (GDSI), a company that is positioning itself as a
leader in providing small arms manufacturing, complementary
security and technology solutions and knowledge-based,
cyber-related, culturally attuned social consulting in unsettled
areas, today announced that it has signed Midtown Partners &
Company, LLC ("Midtown") of New York
City as its exclusive investment banking advisor.
"This agreement with Midtown Partners continues GDSI's recent
momentum," said GDSI's President and CEO Richard J. Sullivan. "As announced on
October 11, 2013, we are now a
reporting Company under the Securities Exchange Act of 1934.
Before that we announced on October
8, 2013, that our planned merger partner Airtronic
USA has become the exclusive OEM
supplier for a major international client with a first stage value
of approximately $95 million.
Also, on October 2nd, we
announced court confirmation of Airtronic's reorganization
plan. Today's announcement means that we're partnering with a
proven and experienced team of investment advisors who have a track
record of success in securing financing in industries and
sectors that are relevant to our global growth strategy.
We're excited about this agreement and we expect to see very good
things to emerge as we move forward in executing our global growth
strategy."
About Global Midtown Partners & Co., LLC
Midtown
Partners is a leading independent investment bank focused on
facilitating growth by providing creative and unique financial
solutions to high growth companies within the lower middle
market. The Midtown Partners team of senior professionals has
experience across a broad range of industries and sectors including
defense, healthcare, technology, energy and alternative energy,
natural resources, aerospace, consumer/retail and emerging markets.
With over 100 years of collective experience, Midtown Partners'
senior professionals have raised in excess of $4 billion in both the public and private debt
and equity markets. They are one of the leading Private Investment
in Public Equity ("PIPE") Placement Agents, often ranking among the
top five leading investment banks by number of closed PIPE
transactions. For more information about Midtown Partners, visit
www.midtownpartners.com.
About Global Digital Solutions, Inc.
Global Digital
Solutions is positioning itself as a leader in providing small 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.
About Airtronic USA,
Inc.
Airtronic is an electro-mechanical engineering design and
manufacturing company. It provides small arms and small arms spare
parts to the U.S. Department of Defense, foreign militaries, and
the law enforcement market. The company's products include grenade
launchers, rocket propelled grenade launchers, grenade launcher
guns, flex machine guns, grenade machine guns, rifles, and
magazines. Founded in 1990, the company is based in Elk Grove
Village, Illinois. On May 16,
2012, the Chapter 7 bankruptcy of Airtronic was converted to
a Chapter 11 reorganization. The company's Chapter 7 bankruptcy
case had begun on March 13, 2012.
For more information, please visit www.Airtronic.net.
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 and the
expected contribution of Midtown Partners. 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.