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Former Florida Lt. Governer, Jennifer Carroll, Named President & CEO of GDSI Division North American Custom Specialty Vehicles, Inc.

Stephen L. Norris, Co-Founder of The Carlyle Group, Joins GDSI Board and Becomes Chairman and CEO of GDSI International

Richard Feldman, Firearms Industry Expert, Joins GDSI Advisory Board

H. “Skip” Lee Named Vice President of Finance of GDSI Division, North American Custom Specialty Vehicles

 GDSI Acquires Custom Command & Control Vehicle Builder, NACS Vehicles of Melbourne, FL

Former Florida Lt. Gov. Jennifer Carroll Joins Transition Management Team

International Financing Expert Edwin J. Wang Joins GDSI’s Growing Team of Senior Advisers

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Shipment of High-End, Mobile Command and Control Vehicle to Middle East  - Value in Excess of $1 million

GDSI and NEAH Global Energy Solutions Sign Term Sheet to Provide $5 Million Investment in GDSI

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Global Digital Solutions’ proven acquisition and integration strategy is the linchpin to our goal of becoming 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 and we’re eager to leverage our proven history of success.

“Our excitement and confidence come from having done this before and recognizing enormous potential that we’ll be able to do it again.”

– Richard J. Sullivan - Chairman of the Board and Chief Executive Officer

GDSI - applying the power of transformative technology

GDSI Acquires Custom Command & Control Vehicle Builder, NACS Vehicles, Inc.

GDSI has announced the acquisition of North American Custom Specialty Vehicles, LLC (NACSV). Headquartered in Melbourne, Florida, NACSV is a leading builder of mobile command/communications and specialty vehicles for emergency management, first responders, national security and law enforcement operations.  

In 2013, NACSV generated revenue of $6.2 million and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of $1.06 million and has an expected revenue run rate of between $12 million and $14 million and expected EBITDA of between $2.1 million and $2.4 million by December 31, 2014.

“We’re delighted to announce the acquisition of NACSV,” said GDSI’s President and CEO Richard J. Sullivan. “NACSV is a well-respected builder of security and crisis management-related specialty vehicles. Very importantly, NACSV has an established client base and a skilled management team. The company’s advanced command and control and emergency communications capabilities fit perfectly into GDSI’s global growth strategy. We’re looking forward to working together with the NACSV team in the months ahead.”


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Shipment of High-End MCC Vehicle to Sadara Announced

GDSI and NEAH Global Energy Solutions Sign Term Sheet to Provide $5 Million Investment in GDSI

Proceeds Will be Used to Finance Work in Progress, Accounts Receivable, Capex for a New Production Facility for North American Custom Specialty Vehicles, Inc. and for future Acquisitions

PALM BEACH, Fla., November 24, 2014 - GDSI today anounced a strategic agreement with NEAH Global Energy Solutions (GES), a global leader in many high growth market areas that GDSI has been targeting, including logistics, security, training and advisory solutions. GDSI has entered into a Term Sheet with GES providing for GES to invest $5 million in GDSI in exchange for $1 Convertible Preferred Stock and warrants.  The agreement is subject to due diligence and certain other conditions prior to closing.

GES provides comprehensive logistic, protection, training and advisory solutions for global energy and high value infrastructure assets through it Power & Infrastructure, Aviation, Maritime, and Logistics Operating Divisions.  The Preferred Stock, which will be issued at a valuation of $1 per share, will carry a coupon of 8% payable annually in arrears, will have a maturity of five (5) years and may, at the option of GES, be repaid in full in cash or converted into 5% of the fully diluted shares of common stock of GDSI then outstanding. In addition, GDSI shall issue a warrant to GES at closing to purchase approximately 15% of the fully diluted shares of common stock of GDSI outstanding at the closing at an exercise price of $1.00 per share exercisable for a period of five (5) years.

GDSI intends to apply to list its common stock on the NASDAQ during the first quarter of 2015 in conjunction with expanded acquisition activities which in conjunction with GES will establish the combined companies as leading integrated providers 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. 

In addition, at the closing, GES’S Chairman, Karl W. Miller, a globally recognized and experienced senior energy executive and institutional investor with a balance of both financial and energy sector expertise, will be named GDSI’s Executive Vice Chairman and will be appointed to GDSI’s Board of Directors.

“We are extremely pleased to announce this proposed agreement,” said Richard J. Sullivan, GDSI’s Chairman and CEO.  “GES is a global leader in many high growth market areas that GDSI has been targeting, including logistics, security, training and advisory solutions.  There is a strong strategic synergy between our two companies.  We look forward to working out the details of this agreement and to coordinating closely with Karl Miller and the GES team to meet the evolving and challenging needs of our customers.”    

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