PALM BEACH, Fla., June 30, 2014 /PRNewswire/ -- Global Digital Solutions, Inc. (OTCQB: GDSI), a company that is positioning itself as a leader in providing cyber arms manufacturing and complementary security and technology solutions, today announced the planned shipment of a high-end, mobile Command and Control vehicle from recently acquired North American Custom Specialty Vehicles, LLC (NACSV). The advanced, custom-manufactured vehicle – with an anticipated value that exceeds $1 million – will be shipped in July 2014 to a country in the Middle East region.
On June 18, 2014, GDSI announced the acquisition of NACSV, a leading builder of mobile command/communications and specialty vehicles for emergency management, first responders, national security and law enforcement operations. NASCV's Mobile Command and Control vehicles are typically equipped with a suite of sophisticated capabilities, including night-vision, live surveillance, back-to-base video, and secure, encrypted communications data links to support command and control decision-making. For more detailed information about NACSV's Command and Control and other advanced vehicles, click here or visit http://www.gdsi.co/nacs_vehicles.html.
"This planned shipment in July confirms our confidence in the experienced NACSV team," said Richard J. Sullivan, CDSI's President and CEO. "NACSV's advanced vehicles are now an integral element in GDSI's emerging cyber-tech suite of solutions. This shipment underscores NACSV's ability to provide leading-edge, mobile command and control systems that are ready to be deployed into unsettled areas. It also reinforces the fact that NACSV has an established network of clients and contacts, both within and outside the United States. This particular shipment involves extensive coordination with a major international corporation and in-region governmental authorities."
By way of background, NACSV generated revenue in 2013 of $6.2 million and EBITDA (Income Before Interest, Taxes, Depreciation and Amortization) of $1.06 million and has an expected revenue run rate of between $12 million and $14 million and expected EBITDA of between $2.1 million and $2.4 million by December 31, 2014.
About North American Custom Specialty Vehicles, LLC
NACSV specializes in building mobile command/communications and specialty vehicles for emergency management, armed forces and law enforcement teams. These specialty vehicles include Mobile Command Centers, Command and Control, and Incident Command. For more information about NACSV's suite of advanced vehicles, click here or visit http://www.gdsi.co/nacs_vehicles.html.
About Global Digital Solutions, Inc.
Global Digital Solutions is positioning itself as a leader in providing cyber arms manufacturing and complementary security and technology solutions. For more information please 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 28, 2014, and in our other filings with the U.S. Securities and Exchange Commission.
Richard J. Sullivan
SOURCE Global Digital Solutions, Inc.