PALM BEACH, Fla., Aug. 15, 2014 /PRNewswire/ -- Global Digital
Solutions, Inc. (OTCQB:GDSI), a company that is positioning itself
as a leader in providing cyber arms technology and complementary
security and technology-related solutions, today provided an update
on the Company's involvement in the Airtronic USA, Inc. ("Airtronic") bankruptcy case.
On May 14, 2014, GDSI received
$1,509,055.63 in full payment of its
outstanding loans to Airtronic. On June 12, 2014, GDSI received $414,760.83 that the Company was awarded for
legal fees and expenses incurred. GDSI's involvement
with Airtronic and its bankruptcy proceedings has now
concluded.
Interested parties may review all of the proceedings in the case
(Airtronic USA Inc. – Case No.
12-09776) through the US Bankruptcy Court, Northern District of
Illinois Official Court Electronic Document Filing System
("PACER"). Please use the following link:
https://ecf.ilnb.uscourts.gov/. Those wishing to
access the PACER system will first need to create a PACER account,
which can be done here
(https://pacer.psc.uscourts.gov/pscof/regWizard.jsf).
About Global Digital Solutions, Inc.
Global Digital
Solutions is positioning itself as a leader in providing cyber arms
technology and complementary security and technology-related
solutions. On June 18, 2014,
GDSI announced the acquisition of North American Custom Specialty
Vehicles, LLC (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 NACSV's suite of
advanced vehicles, click here or visit
http://www.gdsi.co/nacs_vehicles.html. 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 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.