Global Digital Solutions Inc. Announces Tentative Agreements with Three Creditors

Global Digital Solutions Inc. Announces Tentative Agreements with Three Creditors

West Palm Beach, FL -- August 30, 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 reached tentative agreements with three creditors for repayment of liabilities and/or claims totaling approximately $491,574 as of August 15, 2017. Repayment schedules begin within the next few days and conclude on December 31, 2017. The company expects to pay approximately $193,514 to settle these liabilities and/or claims.

William J. Delgado, GDSIs CEO, commented, I am very happy to report this news. It is an important step in our on-going effort to stabilize the company and is an important part of catching up on our delinquent SEC filings. We are currently working on our 10K for December 31, 2015. Work had already been completed on this 10K prior to engagement of our new auditors, Turner Stone and our advisory group, Eventus Advisory Group, LLC, Phoenix, AZ, who will now be responsible for completing and filing it and the remaining past-due filings. I will be publishing updates in the next few weeks on our progress with the ongoing court cases and other significant items as information becomes available.

 

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:

Gary Gray

561-515-6163

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