Global Digital Solutions, Inc. Files Form 10 Registration Statement To Register GDSI's Common Shares - First Step Toward GDSI...

Global Digital Solutions, Inc. Files Form 10 Registration Statement To Register GDSI's Common Shares - First Step Toward GDSI's Goal To Be Listed On A National Market Such As Nasdaq Or The American Stock Exchange

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Global Digital Solutions, Inc. Files Form 10 Registration Statement To Register GDSI's Common Shares - First Step Toward GDSI's Goal To Be Listed On A National Market Such As Nasdaq Or The American Stock Exchange

Filing represents an important step in the maturity of the company as it pursues the planned merger with Airtronic USA and continues to implement its global growth strategy

PR Newswire

PALM BEACH, Fla., Aug. 12, 2013

PALM BEACH, Fla., Aug. 12, 2013 /PRNewswire/ -- Global Digital Solutions (PINKSHEETS:GDSI), a company that is positioning itself as a leader in providing small arms manufacturing, knowledge-based and culturally attuned social consulting combined with complementary security and technology-related solutions in unsettled areas, today announced that it has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) to register GDSI's shares of common stock. The filing also provides details of GDSI's planned merger with Airtronic USA, Inc. ("Airtronic").   

A copy of the Form 10 is available here or by visiting the SEC's website (www.sec.gov) under the filer name Global Digital Solutions, Inc.

"Filing this registration statement is a significant step in the maturity of GDSI as we pursue the previously announced merger with Airtronic and continue implementing our global growth strategy," said Richard J. Sullivan, who will become Chairman and CEO of GDSI after the acquisition with Airtronic is completed. "The Form 10 provides useful information to shareholders and potential investors and is an important first step toward our goal of listing GDSI on a national market such as NASDAQ or the American Stock Exchange."

On or about August 13, 2012, GDSI and Airtronic announced that they had signed a letter of intent to enter into good faith discussions involving a potential strategic combination in which Airtronic would be acquired by GDSI. The companies signed a merger agreement on or about October 22, 2012 and are working together to file an Amended Plan of Reorganization ("Plan") for confirmation at a hearing scheduled on October 2, 2013. If confirmed, the Plan will allow Airtronic to emerge from chapter 11 bankruptcy with adequate working capital.

Founded in 1990, Airtronic is a well-respected, award-winning manufacturer of critical battlefield weapons, including grenade launchers, rocket propelled grenade launchers, and machine guns. A member of the National Small Arms Technology Consortium (NSATC) and the largest woman-owned small arms manufacturing company in the United States, Airtronic has received commendations from the US Army Tank, Armaments, and Automotive Command and the Defense Logistics Agency for the quality and on-time delivery of its products.

About Global Digital Solutions, Inc.

Global Digital Solutions is refocusing its business strategy on providing small arms manufacturing, knowledge-based and culturally attuned social consulting combined with complementary security and technology-related solutions in unsettled areas. 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. 

Contact:

William J. Delgado

916-838-8833

[e-mail]

Richard J. Sullivan

561-632-1020 

[e-mail]

SOURCE Global Digital Solutions, Inc.