Global Digital Signs Letter of Intent to Acquire KRS Construction

 

FOLSOM, Calif., Feb. 13, 2012 /PRNewswire/ -- Global Digital Solutions, Inc. (GDSI.PK), a leader in telecom engineering and consulting for telecom infrastructure services announced today that it has signed a Letter of Intent (LOI) to acquire KRS Construction located in Sacramento, CA.  



KRS provides underground construction services for various telecom carriers, electrical service providers, and state and local government. "KRS represents a unique opportunity to expand our equipment and labor base as we move forward to build our backlog of projects," commented  J.L. "Jerry" Gruben, Vice President-Operations of Global Digital Solutions.

The acquisition is expected to be structured as an asset purchase and is subject to ongoing due diligence by GDSI. The acquisition is expected to be accretive to earnings and close sometime in the second quarter.

About Global Digital Solutions, Inc.:

Global Digital Solutions provides engineering and consulting services to Local Exchange Carriers, Long Haul Fiber Optic Carriers, Fortune 1000 companies as well as Federal, State, and Local governments. For more information please visit http://www.gdsi.co.

Statements about the company's expectations, including revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward looking statements. 

 

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W.J. Delgado

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SOURCE Global Digital Solutions, Inc.

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