PALM BEACH, Fla., Oct. 29, 2013 /PRNewswire/ -- Richard J. Sullivan, President and Chief
Executive Officer of Global Digital Solutions, Inc. (GDSI), today
issued an Open Letter to the Public titled: "Solutions For
America: GDSI's U.S.-Centric Plan for Building a 21st
Century Global Platform for Technology-Related, Knowledge-Based
Jobs, Innovation and Security."
Here's how the Open Letter begins:
"The United States has always
been a world leader in harnessing the power of advanced technology
and forward-leaning knowledge to address economic and
security-related issues. We need to continue that tradition
by making the necessary investments and pursuing smart strategies –
while leveraging effective partnerships between the private and
public sectors – if we're going to meet the evolving challenges of
the 21st century."
The letter makes clear that its purpose is to set forth the
compelling rationale behind GDSI's plans for targeted acquisitions
and strong organic growth in the years ahead.
"The first phase in GDSI's strategy," the letter states, "is
well underway. The military armament industry is heavily
fragmented and evolving rapidly toward a RFID/WiFi-enabled
technology platform. In this dynamic environment, we see
enormous opportunity to consolidate this market with a program of
targeted acquisitions, beginning with the Airtronic USA merger."
The Open Letter points out that the GDSI team is confident in
its ability to execute its strategy successfully because they have
done this before. Under Sullivan's leadership at Applied
Digital Solutions ("Applied") the GDSI team built and successfully
executed multiple private-to-public company roll-up
strategies. At Applied, Sullivan and his leadership team
carried out a private-to-public company roll up totaling some 42
acquisitions and growing annual revenue from $1 million to $350 million over five years.
Applied was recognized as one of the country's fastest-growing
technology companies, regularly topping the NASDAQ in trading
volume. The company's stock price rose sharply from $2.50 to $18.00 per
share, reaching a peak market capitalization of approximately
$2.5 billion.
The Open Letter concludes:
"We also believe strongly that advancing GDSI's U.S.-centric,
cyber-technology growth strategy will not only be profitable for
our shareholders; it will benefit the country. It is vitally
important for the nation to redouble its commitment to invest in
advanced technology and cutting-edge knowledge to address pressing
economic and security-related issues. As the GDSI train
leaves the station, I can assure the public that we will do our
part to fashion far-sighted, advanced solutions for America."
The entire Open Letter to the Public has been posted on GDSI's
website at http://gdsi.co/rjs_open_letter.html. The
company has posted links to the letter on its Facebook page and on
Twitter (@RJSullivanGDSI).
More About Richard J. Sullivan
Dick Sullivan is an
entrepreneurial pioneer. In 2001, Sullivan received the prestigious
World Economic Forum's "Award for Advanced Chip Technology"
presented in Davos, Switzerland.
He served as Chairman and CEO of Applied Digital Solutions, where
he executed a technology rollup involving 42 acquisitions that
succeeded in increasing the company's share price from $2.50 to a peak of $18 per share. During Sullivan's decade-long
tenure as Chairman and CEO, Applied Digital was one of the highest
volume traded stocks on NASDAQ. Sullivan also served as Chairman
and CEO of Digital Angel Corporation and led the effort to spin off
VeriChip Corporation. In 1970, he was a founding member of the
management team of Manufacturing Data Systems, Inc., which listed
at $7.50 per share and was sold to
Schlumberger N.V. in 1980 at $65 per
share.
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. 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