Global Digital Solutions Inc. Finalizes Settlement of NACSV/Dekle/Ramsay Litigation

Date : 09/07/2017 @ 8:30AM
Source :InvestorsHub NewsWire
Stock : Global Digital Solutions, Inc. (PN) (GDSI)
Quote : 0.0065  0.0007 (12.07%) @ 10:10AM

Global Digital Solutions Inc. Finalizes Settlement of NACSV/Dekle/Ramsay Litigation

Global Digital Solutions Inc. Finalizes Settlement of NACSV/Dekle/Ramsay Litigation

Incline Village, NV -- September 7, 2017 -- InvestorsHub NewsWire -- Global Digital Solutions, Inc. (OTC:GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, has announced it has finalized the settlement agreement reached between the parties regarding the litigation between John Ramsay, Carl Dekle, The Estate of Brian Dekle and GDSI and NACSV collectively. The settlement was finalized on August 30, 2017, with GDSI making a $20,000 payment.

William J. Delgado, GDSIs CEO, commented, I am very happy to finalize this agreement and put this behind us. I want to thank all of the parties involved who helped in bringing this matter to a close. This is one more item that we have completed in our goal to clean up our balance sheet and complete our filings. Our legal team has done an excellent job regarding this matter and they continue to work to bring the other legal matters to conclusion.

 

About Global Digital Solutions, Inc.

Global Digital Solutions is positioning itself as a leader in providing comprehensive security and technology solutions. On June 16, 2014, GDSI completed its acquisition of North American Custom Specialty Vehicles (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 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 Companys current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Companys control, and could cause the Companys 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 Companys 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 Companys Annual Report on Form 10-K filed on March 30, 2015, and in our other filings with the U.S. Securities and Exchange Commission.

 

Contact:

William Delgado
561-515-6163
info@gdsi.co

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