PALM BEACH, Fla., July 29, 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 new details regarding the Company's planned shipment of a high-end, mobile Command and Control vehicle from recently acquired North American Custom Specialty Vehicles, LLC (NACSV). The sophisticated, custom-manufactured vehicle (see photo) is expected to be shipped soon to Sadara, a $20 billion petrochemical joint venture between Dow Chemical and Saudi Aramco, the global petroleum and chemicals enterprise owned by the Kingdom of Saudi Arabia.
NACSV, a leading builder of mobile command/communications and specialty vehicles for emergency management, first responders, national security and law enforcement operations, also recently delivered a $600,000 mobile command center to a local sheriff's office in Florida.
GDSI announced the acquisition of NACSV on June 18, 2014. NACSV'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.
"These NACSV orders reflect much more than the world-class quality of NACSV vehicles," said Richard J. Sullivan, GDSI's President and CEO. "They also underscore both the strong demand for NACSV leading-edge vehicles and NACSV's impressive network of satisfied customers. NACSV supplied a similar vehicle to Dow Chemical for a facility in Houston, Texas. The NACSV team was able to build on this close relationship to secure the Sadara contract. We see enormous growth potential for NACSV's sophisticated, custom-manufactured vehicles in the U.S. market and in the fast-growing global arena."
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.
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. On June 18, 2014, GDSI announced the acquisition of North American Custom Specialty Vehicles, LLC (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 NACSV's suite of advanced vehicles, click here or visit http://www.gdsi.co/nacs_vehicles.html. 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 28, 2014, and in our other filings with the U.S. Securities and Exchange Commission.
Richard J. Sullivan
SOURCE Global Digital Solutions, Inc.