FOLSOM, Calif., February 23, 2012 /PRNewswire/ -- Global
Digital Solutions, Inc. (GDSI.PK), a leader in telecom engineering
and consulting for telecom infrastructure services, today announced
that the Board of Directors has authorized a reduction in the
amount of shares authorized by the company from 990,000,000 to
175,000,000.
W. J. "Bill" Delgado, President/CEO of Global Digital Solutions,
Inc., commented, "The Board and our management team has determined
that this reduction of authorized common stock is in the best long
term interest of our shareholders, and by effecting this reduction
of the authorized shares we are giving the investment community and
our shareholders confidence in our capital structure. We also
want to demonstrate to the capital markets that our forecasted
operations are mostly organic in nature, and desire the public
market of our stock to reflect the strength of our
company."
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.