Global Digital Solutions Inc(OTCMKTS:GDSI) made an explosive move up at the beginning of this year off $0.0007 lows to highs near $0.015. Since then the stock has come back down to the double zeros where it sits on little volume.
The current run on GDSI comes after the Company announced the resignation of Richard J. Sullivan as Chairman and CEO of Global Digital Solutions, Inc. along with the resignations of Stephanie C. Sullivan and Arthur F. Noterman as Directors of GDSI. New CEO William J. Delgado issued a letter to shareholders.
Global Digital Solutions Inc(OTCMKTS:GDSI) is positioning itself as a leader in providing comprehensive security and technology solutions. On June 16, 2014, GDSI completed its acquisition of North American Custom Specialty Vehicles (NACSV), a leading builder of mobile command/communications and specialty vehicles for emergency management, first responders, national security, and law enforcement operations.
GDSI goal is to become a leading provider of defense technology-based solutions and systems to commercial customers, the U.S. military and foreign allies, and U.S. government civil agencies and friendly counterparts.
Cyber-based technologies, coupled with enhanced digital product development and distribution, will be key factors in our growth plan. This model, which takes advantage of market trends, technological advances and industry consolidations to fuel profitable growth, presents a value proposition that is perfectly suited to the military armament industry, an industry that is heavily fragmented and evolving rapidly toward a RFID/WiFi-enabled technology platform.
In this dynamic environment, we see enormous opportunity to consolidate this market with a program of targeted acquisitions. Technological convergence is the future in this arena.
On October 21 GDSI announced it has was acquiring Privately Held Rontan Group of Brazil. According to the release the Rontan Group is makes One of the Largest Specialty Vehicles OEM in the World with Leading Market Positions in a Variety of Segments Including Police Cars, Ambulances, Fire Trucks, Heavy Duty Vehicles, Acoustic and Visual Signaling Equipment, Motorcycle Helmets and Telecommunication Systems.
The press release continues that at an upcoming special meeting, GDSI’s board of directors is expected to elect Rontan’s CEO, Edigimar A. Maximiliano Jr., Chief Executive Officer of GDSI and Richard J. Sullivan Non-Executive Chairman.
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Founded in 1970, privately held Rontan designs, manufactures and delivers emergency warning equipment specifically for public safety organizations and professionals. Rontan exports products to many of the world’s most competitive markets, including the United States, Canada, Central and South America, Europe, Asia, Australia, Middle East and Africa. The largest specialty vehicles and acoustic and visual signaling equipment company in Latin America, Rontan has earned ISO and TS Certifications, attesting to the quality of its management systems.
With 2014 revenue of R$ 500 million (approximately US$ 128 million), Rontan produces some 5,000 vehicles per month and has approximately 1,200 direct and indirect employees. In 1999, through a partnership with the biggest worldwide manufacturers of vehicles for fire fighters, Rontan became an authorized representative of the Oshkosh Pierce vehicles.
On October 28 Lifshitz & Miller announced investigation on behalf of GDSI investors. Specifically, whether the supplier agreement with Airtronic ever existed, and whether GDSI had financing in place to acquire a company.
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Currently exploding up the charts in sub pennyland GDSI has minimal assets, manageable debt and small but growing revenues. But GDSI is an exciting story developing in small caps; Last year the announced the plan to acquire the Rontan Group of Brazil, the maker of one of the Largest Specialty Vehicles OEM in the World with Leading Market Positions in a Variety of Segments boasting 2014 revenues of $128 million USD. GDSI has been highly successful in building a massive audience who believes this one moves much higher and the stock is seeing big moves after new CEO William J. Delgado took the helm with big plans to get GDSI filings in order, raise funds, payoff the debt and finalize the Rontan acquisition. We will be updating on GDSI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GDSI.
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Disclosure: we hold no position in GDSI either long or short and we have not been compensated for this article.