PALM BEACH, Fla., June 30, 2014 /PRNewswire/ -- Global Digital
Solutions, Inc. (OTCQB: GDSI), a company that is positioning itself
as a leader in providing cyber arms manufacturing and complementary
security and technology solutions, today announced the planned
shipment of a high-end, mobile Command and Control vehicle from
recently acquired North American Custom Specialty Vehicles, LLC
(NACSV). The advanced, custom-manufactured vehicle – with an
anticipated value that exceeds $1
million – will be shipped in July
2014 to a country in the Middle
East region.
On June 18, 2014, GDSI announced
the acquisition of NACSV, a leading builder of mobile
command/communications and specialty vehicles for emergency
management, first responders, national security and law enforcement
operations. NASCV's Mobile Command and Control vehicles are
typically equipped with a suite of sophisticated capabilities,
including night-vision, live surveillance, back-to-base video, and
secure, encrypted communications data links to support command and
control decision-making. For more detailed information about
NACSV's Command and Control and other advanced vehicles, click here
or visit http://www.gdsi.co/nacs_vehicles.html.
"This planned shipment in July confirms our confidence in the
experienced NACSV team," said Richard J.
Sullivan, CDSI's President and CEO. "NACSV's advanced
vehicles are now an integral element in GDSI's emerging cyber-tech
suite of solutions. This shipment underscores NACSV's ability
to provide leading-edge, mobile command and control systems that
are ready to be deployed into unsettled areas. It also
reinforces the fact that NACSV has an established network of
clients and contacts, both within and outside the United States. This particular
shipment involves extensive coordination with a major international
corporation and in-region governmental authorities."
By way of background, NACSV generated revenue in 2013 of
$6.2 million and EBITDA (Income
Before Interest, Taxes, Depreciation and Amortization) of
$1.06 million and has an expected
revenue run rate of between $12 million and
$14 million and expected EBITDA of between $2.1 million and $2.4 million by December 31, 2014.
About North American Custom Specialty Vehicles,
LLC
NACSV specializes in building mobile
command/communications and specialty vehicles for emergency
management, armed forces and law enforcement teams. These
specialty vehicles include Mobile Command Centers, Command and
Control, and Incident Command. For more information about
NACSV's suite of advanced vehicles, click here or visit
http://www.gdsi.co/nacs_vehicles.html.
About Global Digital Solutions, Inc.
Global Digital
Solutions is positioning itself as a leader in providing cyber arms
manufacturing and complementary security and technology
solutions. For more information please 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 28, 2014, and in our other filings with the
U.S. Securities and Exchange Commission.
Contact:
Richard J. Sullivan
561-515-6163
info@gdsi.co
SOURCE Global Digital Solutions, Inc.