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.
Contact:
W.J. Delgado
(916) 838-8833
info@gdsi.co
SOURCE Global Digital Solutions, Inc.