Global Digital Solutions, Inc.'s Board of Directors Appoints Three
Directors To The Board And Names Officers Of The Company
PALM BEACH, Fla., Aug. 15, 2013 /PRNewswire/ -- Global Digital
Solutions, Inc.(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 the Company's Board of Directors (the "Board") has appointed
three members to the Board and two officers of the Company.
On August 12, 2013, the Board
approved the appointments of Richard J.
Sullivan, Arthur F. Noterman
and Stephanie C. Sullivan to serve
on the Company's Board, effective immediately.
Also effective August 12, 2013,
the Board appointed the following two officers of the
Company: Richard J. Sullivan
as President, Chief Executive Officer and Assistant Secretary; and
David A. Loppert as Executive Vice President, Chief Financial
Officer, Treasurer and Secretary. In addition, William J. Delgado, who had served as President,
Chief Executive Officer and Chief Fincial Officer, continues in the
role as Executive Vice President.
As President and Chief Executive Officer, Richard J. Sullivan will be responsible for the
Company's strategy, leadership and day-to-day operational
activities. Mr. Sullivan founded and since 1993 has served as
Chairman and CEO of Solutions, Inc., a private investment banking
company that specializes in advising corporations on acquiring
other business entities and assisting owners and management who are
considering selling all or part of their business.Mr. Sullivan
founded and from 1993 to 2003 served as Chairman and Chief
Executive Officer of Applied Digital Solutions, Inc., a Nasdaq
listed technology company that spawned two other successful listed
companies of which he was Chairman of the Board, Digital Angel
Corporation (AMEX) and VeriChip Corporation (Nasdaq).
Arthur F. Noterman is a Chartered
Life Underwriter. Mr. Noterman has owned an Investment
and Insurance business for over 40 years located in
Massachusetts and is a
registered FINRA Broker affiliated with a Cincinnati, Ohio Broker/
Dealer.
Stephanie C. Sullivan, is a business
entrepreneur and has served, since May
2011, as financial manager at Alexis Miami, a privately held
upscale women's fashion designer and manufacturer.
William J. Delgado has, since
August 2004, served as a Director,
and as GDSI's President, Chief Executive Officer and Chief
Financial Officer. As the newly appointed Executive Vice
President of GDSI, Mr. Delgado will be responsible, along with Mr.
Sullivan, for business development. Mr. Delgado has over 33
years of management experience including strategic planning,
feasibility studies, economic analysis, design engineering, network
planning, construction and maintenance.
David A. Loppert will be responsible for the Company's finance
and administrative functions. He is a financial executive with over
30 years' experience. Among other positions, he previously
served as chief financial officer, secretary and treasurer of rVue
Holdings, Inc., as vice president, chief financial officer and
assistant secretary of Applied Digital Solutions, Inc., and as
chief executive officer of SysComm International Corporation, a
network and systems integrator, and an affiliate of Applied
Digital. Mr. Loppert began his financial career with Price
Waterhouse, an international accounting firm, in 1978 in
Johannesburg, South Africa.
The Company's four-person Board of Directors now consists of
Richard J. Sullivan (Chairman),
Arthur F. Noterman, Stephanie C. Sullivan, and William J. Delgado.
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.
Forward Looking Statements
This press release contains "forward looking statements"
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. 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. 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. 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 Registration Statement on Form 10 filed on August 9, 2013 with the U.S. Securities and
Exchange Commission.
Contact:
William J. Delgado
916-838-8833
info@gdsi.co
Richard J. Sullivan
561-515-6163
info@gdsi.co
SOURCE Global Digital Solutions, Inc.