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Global Digital Solutions, Incorporated (GDSI)


777 S. Flagler Dr, Ste. 800 West Tower, W. Palm Beach FL 33401


Phone:  561-515-6198; Fax: 916-990-9172; Internet www.gdsi.co

OTC Markets Status - August 15, 2019: PINK - CURRENT

 

Global Digital Solutions, Inc. as a company has positioned itself as a leader in comprehensive

security and technology solutions and continues to enhance shareholder value in these areas.


 

Global Digital Solutions Inc. Announces Closing of the HarmAlarm Acquisition


WEST PALM BEACH, FL / ACCESSWIRE / March 4, 2019 / Global Digital Solutions, Inc. (OTC PINK: GDSI), a company that is positioning itself as a leader in comprehensive security
and technology solutions, has announced that it has closed on the purchase of substantially all of the assets of HarmAlarm, a company specializing in patented Aviation Technology.

  William J. Delgado, GDSI's CEO, commented "We are very excited to announce this closing. I am very happy to begin building this company and supporting Gary and Bob in this new chapter for GDSI and HA."

The companies have agreed on a strategic plan in which HarmAlarm would be acquired by GDSI to license the patent protected Precision Approach Landing System (PALS) to the general aviation industry encompassing major aircraft manufacturers globally. Upon completion of the acquisition, GDSI will form a new subsidiary, GDSI Aviation Solutions, led by Gary Ball.

Gary Ball, the inventor of PALS, added "My team at HA is excited to begin testing and ultimate deployment of our patented technology to the General Aviation marketplace. I look forward to working with Bill and his team as we launch this exciting new technology."

About Global Digital Solutions, Inc.

Global Digital Solutions, Inc. (OTC:GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, continues to enhance shareholder value in these areas. In addition to our acquisition strategy, the Company has initiated a lawsuit for damages against Grupo Rontan Metalurgica, S. A, ("Rontan") and that company's controlling shareholders, Joao Alberto Bolzan and Jose Carlos Bolzan. The Company has engaged the law firm of Boies Schiller Flexner LLP to represent it in this action. The case will be handled by William Isaacson of the firm's Washington office and Carlos Sires of the firm's Fort Lauderdale office (Their professional profiles are available at https://bsfllp.com/lawyers.). The action has been filed in the United States District Court for the Southern District of Florida. The complaint alleges that "Rontan is wholly-owned by Joao Bolzan and Jose Bolzan. It is one of the world's largest manufacturers of original equipment for specialty vehicles for emergency management, first responders, national security, and law enforcement operations. The company also acquired NACSV, a supplier of Mobile Command Centers to Military, Law Enforcement, and First Responders. For more information about GDSI, visit http://www.gdsi.co.

About Harm Alarm and Gary Ball

Mr. Ball formed HarmAlarm in 2002 as a private Texas company to pursue Infrared commercial applications as a restricted "dual use" of Infrared technology, a US Government restricted technology. This last effort was the genesis of PALS. Mr. Ball's long history on EVS provided the insight into PALS. PALS will satisfy the present need for an affordable, robust, precision low visibility landing aid for general aviation. The precision and robustness of PALS has generated a host of new applications mainly through "landing trajectory" optimization which provides additional safety margin against weather related hazardous conditions, like wind shear, wake turbulence, icing, as well as low ceilings and fog.

Gary Ball received his formal education from California State University at Long Beach, a BSEE and an MSEE. Mr. Ball's long career in Aerospace has included design engineering, line management and senior business development positions at Ford Aeronutronic, Northrop and Hughes Aircraft. At HAC, Mr. Ball took the program lead on the acquisition of The Thermal Imaging Navigation Set (TINS) for the USN F-18. Upon award of the contract, Mr. Ball was asked to investigate the potential commercial applications of TINS. This effort was designated CLAS, standing for Commercial Landing Aid System that eventually evolved into Enhanced Vision System. Gulfstream received a Type Certification from the FAA in 2000 for this system. EVS was acquired by GAC under a previous License Agreement from Infrared Systems International (ISI), the manufacturer for many years. Gary Ball remained CEO of ISI until it was sold.

 

Contact:
William Delgado
775-443-4740
info@gdsi.co


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April 3, 2018: "Just a quick update. We are awaiting confirmation of service in the Rontan legal matter. It is a very precise process and I am very happy with the work being done by BSF and their partners in Brazil. I am currently in New York with potential financiers for GDSI. I was alerted today when I landed that there was a rumor that I had stepped down. Obviously that is a fabrication. I am extremely focused and committed to the Company. Can’t wait to release more news as it becomes available. Thanks again."



GDSI v Grupo Rontan Electro et al case and linkhttps://www.docketbird.com/court-cases/Global-Digital-Solutions-Inc-v-Grupo-Rontan-Electro-Metalurgica-S-a-et-al/flsd-9:2018-cv-80106

Plaintiff's (GDSI) Opposition to Motion to Dismisshttp://www.gdsi.co/2019-01-04%20%5bDE%2027%5d%20Plaintiff's%20Opposition%20to%20Motion%20to%20Dismiss.pdf

http://www.gdsi.co/orderflorida.pdf


Hull v Global Digital Solutions, Inc. case and link: (3:16-cv-05153-FLW-TJB) District Court, D. New Jersey: 

https://www.pacermonitor.com/public/case/17921405/HULL_v_GLOBAL_DIGITAL_SOLUTIONS,_INC_et_al

https://www.courtlistener.com/recap/gov.uscourts.njd.336777/gov.uscourts.njd.336777.48.0.pdf

 

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                                                                      GDSI CEO William Delgado Issues Update to Shareholders


West Palm Beach, FL, February 6, 2018-- Global Digital Solutions, Inc. (OTC:GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, issues the following update from its President and CEO William Delgado.  


Dear Fellow Shareholder,

After nineteen months of work, thousands of man hours, and a lot of money, we were able to provide an update through last week’s news concerning litigation pertaining to the acquisition of Rontan and a very important financing. These two steps are critical in the company regaining stability and the ability for a path forward. Due to the extremely complex and confidential nature of the legal issues, I have been unable to update everyone on these issues. In this shareholder update, I am going to focus on two items; 1.) Where we are now  2.) Where are we going?

Where are we now? Since May of 2016, two of our most significant achievements have been retaining the Boies Schiller Flexner law firm related to the Rontan litigation and the institutional financing. We are thrilled that BSF has seen the merits of our legal position. We have also been able to achieve an institutional financing which we announced last week. We have already received $300,000 and these funds are non-toxic, non-convertible and will never be convertible into equity.

Legal Work: I would like to add a few more words about the quality of the legal representation we have had over the past 19 months. Brinen and Associates has done an excellent job representing our company in several different lawsuits. We expect all of these lawsuits to be resolved favorably for GDSI shareholders. The Ramsay/Deckle/NACSV litigation has been settled and dismissed. The other two pending lawsuits by Hull and Lopez have been, in my opinion, trending in our favor. Please do your own due diligence as all of the filings related to these cases are on PACER. The quality of Brinen and Associates work has been vital to our survival as a company.

The ability of the two primary lawyers that will be representing us related to the Rontan litigation speaks for itself. The lead counsel in the lawsuit will be Carlos Sires. Mr. Sires is a partner at BSF working out of their Fort Lauderdale office. Mr. Sires specializes in commercial litigation, primarily complex commercial litigation with a nexus to Latin America, including Costa Rica, Mexico, Venezuala and the Dominican Republic. Mr. Sires has represented officers and directors in securities litigation. Mr. Sires has appeared in numerous Federal and State courts, Florida’s appellate courts, and in the First, Second, Third and Eleventh Circuits of Appeals.

William Isaacson will also be a part of our counsel in the Rontan lawsuit. Mr. Isaacson is a partner in the Washington DC office of BSF. Mr. Isaacson is a 2015 American Lawyer Litigator of the Year, a three-time winner of the American Lawyer Litigator of the Week and a Fellow of the American College of Trial Lawyers. Global Competition Review, the world’s leading antitrust and competition law journal and news service said this about Mr. Isaacson, “Arguably no antitrust lawyer in recent memory has had as much success for both plaintiffs and defendants as Boies Schiller partner Bill Isaacson.” In 2013, Mr. Isaacson was trial counsel in the first antitrust action against Chinese companies for cartel conduct related to products sold in the United States, winning a $162 million judgment, and an additional $33 million from settling defendants.

Liabilities and SEC Issues: During this time, we have also reduced past due liabilities by approximately $516,000. We have settled with the three remaining “Toxic” financing lenders and there will be no more conversions under those notes. As per the SEC actions, the initial action undertaken in August of 2016 has been settled and finalized on January 2, 2018 by the judge handling the case. I will be filing an 8K shortly. The Company currently has an outstanding balance due to the SEC of approximately $103,000. I am currently working on getting this fine and disgorgement penalty paid as soon as possible. In late December of 2017, the SEC also notified the Company it would be holding a hearing regarding the Company’s late filing issues. Our legal team has done a great job of communicating with the SEC regarding the filing of our financial statements. The Company, during this time, has been unable to let anyone outside of the Company, including the SEC, review any information regarding the Rontan lawsuit and the financing due to confidentiality reasons. We intend to notify the SEC in our filings of these events. The legal issue with Rontan has had a significant financial impact on the Company and our ability to file timely financials. The Company has completed a significant portion of the filing work internally, but we have not had the financial capability to pay our auditors. With our financing, we will start that external process immediately. We hope that the SEC will see the damage caused by this event and its impact on our filings.

Where are we going? The Company is currently negotiating a contract for one mobile command center utilizing our subsidiary NACSV. It should be noted that this contract is in the negotiation stage only. If the Company is able to procure the contract (Approximately $450,000), we will announce it in a separate press release and 8K.

After the filings are completed and our balance sheet is in order, I intend to move into two areas: Infrastructure Engineering Technology and Cybersecurity Technology. I believe that these two areas will provide the greatest long term value for the shareholders.  I want to stress that this is the plan moving forward. Any merger and acquisition targets will require additional financing and increased management support. I believe that our management and advisory teams, with the proper financing, can attract and enhance company(s) in these areas.

In closing, I want to thank the shareholders who have stood by me and the team during this incredibly difficult time. I hope that I can restore your faith in our ability to make GDSI successful.

Full text of the press release

 

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William J. Delgado, Chairman and Chief Executive Officer of GDSI, Issues Press Release Regarding new Institutional Financing

http://www.gdsi.co/page86.html

Global Digital Solutions Inc. Secures $1,200,000 in Financing from New York-based Institution

West Palm Beach, FL, February 2, 2018-- 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 secured $1,200,000 in financing from a New York-based institution.   

The financing is non-dilutive, non-toxic and is not convertible and will never be convertible into any equity of the Company. The financing will be distributed in tranches based on pre-determined milestones as developed by the institution. The first $300,000 has been received and has been used to pay a portion of the Company’s previously announced liabilities and some legal expenses not associated with the Rontan lawsuit. Global Digital Solutions expects to be able to meet the next milestone within 90 days.

 

The New York-based institution has never invested in any micro-cap stock in their corporate history. The principals of the New York-based institution are leaders in their field and are well known as individuals that have been pioneers in building a particular industry here in the United States.

William J. Delgado, GDSI’s CEO, noted that “This financing is a validation by a well-respected New York-based institution of their confidence in our future plans. It is quite rare that a company of our size gets a non-dilutive, non-convertible infusion of capital but we were able to achieve this. As we announced just two days ago, we have engaged Boies Schiller Flexner LLP and initiated legal action against Grupo Rontan Electro Metalurgica, S.A. and principal shareholders, Joao Bolzan and Jose Bolzan.”

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 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 30, 2015, and in our other filings with the U.S. Securities and Exchange Commission.

Contact:

William Delgado

561-515-6198

info@gdsi.co
 

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William J. Delgado, Chairman and Chief Executive Officer of GDSI, Issues Shareholder Letter Regarding Recent SEC Developments and Current Status of Previously-Announced Plans

http://www.gdsi.co/page57.html

PALM BEACH, FL / ACCESSWIRE / August 17, 2016

William J. Delgado, newly-named Chairman and Chief Executive Officer of Global Digital Solutions (OTC: GDSI) a company that is positioning itself as a leader in providing comprehensive security and technology solutions, today released a Shareholder Letter
announcing the filing of an 8-K regarding an SEC action against the Company and two of its former officers and directors. In addition, the letter provides updated information on previously-communicated issues and initiatives. The text of the letter follows:

August 16, 2016

RE: Letter to Shareholders

Dear Fellow Shareholder,

As you may know, The Company filed an 8-K on Tuesday, August 16, 2016 outlining a civil action being brought by the SEC against the Company and two of its former officers and directors. The Company has retained legal counsel to evaluate the complaint and I will attempt
to keep the shareholders updated to the extent allowable by law. It should be noted that the Company’s liability extends only to the alleged acts of these former officers and directors as employees the company. No other personnel, employees or contractors are so named.

Since issuing the shareholder letter on May 15, 2016, Global Digital Solutions, Inc. (the “Company”) has been working on the priority items I set out in the letter.

(1) Cleaning up the Company’s balance sheet and becoming current with our public filings.

Status: We have made good progress on these items, but will not be able to give specifics until sometime in September.

(2) Reviewing our strategic alternatives, including our recent negotiations and agreements with our announced acquisition.

Status: The management team of myself, V.P. of Business Development, Ross Trevino, and advisory board member, Matt Kelly, have made substantial progress in this area. Unfortunately, we are unable to provide details at this time, both for legal and strategic
reasons
. I look forward to disclosing our information to you at the appropriate time. Rest assured our management team, including Chief Financial Officer, Jerry Gomolski, and Chief Technology Officer, Gary Gray, are working hard to get all of the work completed.

This summer has been one of the most challenging periods of my entire career. Please know there are significant financial and legal hurdles still in our path; we will be relying on our management experience and will require outside help, i.e. financing, in order to achieve our goals.

Your understanding and support 
is greatly appreciated.

Sincerely,

/s/ William J. Delgado

William J. Delgado, CEO

For more information about GDSI, visit http://www.gdsi.co.

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GDSI Acquires Brazil-Based Rontan Group

http://www.prnewswire.com/news-releases/global-digital-solutions-inc-gdsi-acquires-privately-held-rontan-group-of-brazil-300163506.html

PALM BEACH, Fla., October 21, 2015 (PRNewswire)

Global Digital Solutions, Inc. today announced that it has acquired the Rontan Group ("Rontan"), headquartered in Sao Paulo state, Brazil.  

At an upcoming special meeting, GDSI's board of directors is expected to electRontan's
CEO, Edigimar A. Maximiliano Jr., Chief Executive Officer of GDSI.

According to a GDSI spokesman, "This exciting transaction represents a significant step forward for GDSI," said Richard J. Sullivan, expected to be named non-executive Chairman of GDSI.

"Rontan's capabilities create enormous synergies with the specialty vehicles produced by North American Custom Specialty Vehicles (NACSV), GDSI's wholly-owned subsidiary."

"We're especially delighted "Max" Maximilliano (Rontan's CEO, Edigimar A. Maximilliano) will serve as GDSI's CEO. Max is an extremely talented and experienced leader, and we're excited about welcoming Max and the entire Rontan team to the growing GDSI family."

"This is a momentous milestone in Rontan's 45-year history," said Edigimar Maximilliano ("Max"), expected to be named GDSI's new CEO. The combination of Rontan and GDSI – with GDSI's experienced management team and board of directors will help us expand our capabilities while continuing to provide our worldwide customers with world-class products and services."

"I'm looking forward to leveraging Rontan's
extensive experience and international reach to enable the new GDSI team to seize the many profitable growth opportunities envisioned by GDSI's global strategy."

[Refer to GDSI's October 19, 2015 SEC Form 8-K filing (gdsi.co) for more details about this transaction.
 

OTC Pink Sheet

Transfer Agent
Name: Issuer Direct Corporation
Address 1: 500 Perimeter Park Drive
Address 2: Suite D
Address 3: Morrisville, NC 27560
Phone: 919-481-4000
Is the Transfer Agent registered under the Exchange Act?* YES.


GDSI Share Structure

Market Value: $190,738 a/o Sep 29, 2015
Authorized Shares: 650,000,000 a/o NOV 04, 2015
Outstanding Shares: 489,476,766 a/o NOV 04, 2015

 

RONTAN LITIGATION FINANCE AGREEMENT - READ IT!

Financing Agreement

On December 22, 2017, the Company entered into a financing agreement with an accredited investor for $1.2 million. Under the terms of the agreement, the Company is to receive milestone payments based on the progress of the Company’s lawsuit for damages against Grupo Rontan Metalurgica, S.A (the “Lawsuit”). Such milestone payments consist of (i) an initial purchase price payment of $300,000, which the Company received on December 22, 2017, (ii) $150,000 within 30 days of the Lawsuit surviving a motion to dismiss on the primary claims, (iii) $100,000 within 30 days of the close of all discovery in the Lawsuit and (iv) $650,000 within 30 days of the Lawsuit surviving a motion for summary judgment and challenges on the primary claims. As part of the agreement, the Company shall pay the investor an investment return of 100% of the litigation proceeds to recoup all money invested, plus 27.5% of the total litigation proceeds received by the Company. Through September 30, 2018, $300,000 has been received.

GDSI
Current Price
Volume:
Bid Ask Day's Range
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GDSI News: Quarterly Report (10-q) 05/20/2020 04:24:07 PM
GDSI News: Current Report Filing (8-k) 05/15/2020 12:13:18 PM
GDSI News: Annual Report (10-k) 04/29/2020 12:14:20 PM
PostSubject
#45078  Sticky Note $292M after liabilities paid (including legal) is at flight director 04/20/20 07:25:03 PM
#44666  Sticky Note RECOGNITION AND ENFORCEMENT OF FOREIGN JUDGEMENTS IN BRAZIL PhenixBleu 03/28/20 11:41:59 AM
#44066  Sticky Note I wouldn't believe any speculation that GDSI is eqinvestor 01/28/20 08:03:42 AM
#42723  Sticky Note $gdsi Delgado debacle. Pps going down. Taurus69 09/18/19 01:16:58 AM
#46080   It always goes through the State Department. uber darthium 09/20/20 11:45:46 PM
#46079   The only "treaty" that applies is the Service Convention. PhenixBleu 09/20/20 08:36:33 PM
#46078   DoS is not involved whatsoever. It’s going to Eddie T 09/20/20 08:10:37 PM
#46075   I believe the State Department will kill this uber darthium 09/20/20 03:10:38 PM
#46074   The Brazilian Court won't decide a Recognition case PhenixBleu 09/20/20 03:01:42 PM
#46073   Received a docketbird notification that there was a Eddie T 09/20/20 12:49:17 PM
#46072   How a judgement works in the real world Coreton 09/20/20 02:39:15 AM
#46071   Secondly what you are espousing here is NOT Coreton 09/20/20 01:48:59 AM
#46070   Wrong. The legal system does not work Coreton 09/20/20 01:46:38 AM
#46069   Ridiculously false. The order would be to turn eqinvestor 09/19/20 01:46:16 PM
#46068   This again............... You file Injunctions against Corporations not “restra Coreton 09/18/20 07:10:27 PM
#46067   And when it’s done, it goes to the uber darthium 09/18/20 06:11:20 PM
#46066   Key word "think".. Facts will decide what happens !!! SSMONEYMANSS 09/18/20 05:54:11 PM
#46064   I think GDSI could just as easily go PhenixBleu 09/18/20 05:00:43 PM
#46063   Key word is "receive" and it will not happen. PhenixBleu 09/18/20 05:00:06 PM
#46062   Any award is open for speculation but I SSMONEYMANSS 09/18/20 01:33:34 PM
#46061   They will win a substantial award regardless. BSF SSMONEYMANSS 09/18/20 01:23:41 PM
#46060   GDSI will never see the money you think PhenixBleu 09/18/20 01:01:04 PM
#46059   I'M IMPRESSED... $292M after liabilities paid (including legal) SSMONEYMANSS 09/18/20 12:20:10 PM
#46058   Once again, I will explain to the board eqinvestor 09/18/20 08:03:40 AM
#46057   A time estimate for the Brazilian Superior Court PhenixBleu 09/18/20 06:18:26 AM
#46056   I make more than double or triple on PhenixBleu 09/18/20 06:10:10 AM
#46055   2015? Really? Your first statement summed it up, PJC1 09/18/20 12:49:53 AM
#46054   Awesome question. Because it’s doubled in a Coreton 09/18/20 12:00:34 AM
#46052   It goes through the U.S. state department before uber darthium 09/17/20 04:04:40 PM
#46051   It's a very long road to collection, through PhenixBleu 09/17/20 03:44:12 PM
#46049   I actually agree with you. eqinvestor 09/17/20 12:51:05 PM
#46048   I'M IMPRESSED... $292M after liabilities paid (including legal) is SSMONEYMANSS 09/17/20 12:29:06 PM
#46044   The stock has been moving within the same PhenixBleu 09/16/20 10:00:51 PM
#46043   LOL. I knew it. Pps is up Coreton 09/16/20 07:23:51 PM
#46042   Nice close today and good volume. Some think Rudeboy415 09/16/20 06:06:27 PM
#46041   Stock is moving higher. Impressive update not intended PLinda2030 09/16/20 05:49:05 PM
#46040   The market knows GDSI press releases are fodder PhenixBleu 09/16/20 04:52:03 PM
#46039   Stock is going much higher PLinda2030 09/15/20 06:22:02 PM
#46038   Cuz it's not easy to get in...and even JoshTaeger 09/15/20 04:48:47 PM
#46037   GDSI s nothing but a Bilky DelCrappo share uber darthium 09/15/20 02:49:43 PM
#46036   Actually easy question. Everyone wants to buy stocks eqinvestor 09/15/20 02:46:15 PM
#46035   I understand that, but it was a very Alreymac 09/15/20 02:04:40 PM
#46034   Nobody cares about PALS. Everyone waiting for court decision eqinvestor 09/15/20 12:56:04 PM
#46033   EQ Why didn't we see a little pop Alreymac 09/15/20 10:45:39 AM
#46032   I would actually agree with that. Charts and eqinvestor 09/15/20 09:10:37 AM
#46031   Didn’t know TA for an equity trading less PJC1 09/14/20 10:12:58 PM
#46030   I agree... add the 314 period moving average Rudeboy415 09/12/20 10:00:06 PM
#46029   The weekly chart looks fantastic...just sayin' Eddie T 09/12/20 07:39:08 PM
#46026   Impressive, concise and Powerful Update from $GDSI https://www.accesswire.com PLinda2030 09/09/20 04:32:03 PM
#46023   Turns out, we can’t locate a single a uber darthium 09/09/20 01:01:48 PM
#46021   System latency ( look it up) is critical uber darthium 09/09/20 12:34:19 PM
#46020   So you would spend tens of thousands of hockeypond 09/09/20 12:11:51 PM
#46017   “PALS was intended for General Aviation thus a uber darthium 09/09/20 11:40:11 AM
#46016   Key words: upon a successful ruling. Even PhenixBleu 09/09/20 11:37:18 AM
PostSubject
Consent Preferences