Global Digital Solutions is refocusing its business strategy on positioning itself as a leader in providing small arms manufacturing, complementary security and technology solutions and knowledge-based, culturally attuned social consulting in unsettled areas. The company recently appointed a new board of directors and named several officers. The initiatives have given the company a new focus on various military-related products and services that will be coming on-line in the coming months.
Pursuant to the new focus, GDSI announced the planned acquisition of Airtronic USA, Inc., a small arms manufacturer headquartered in Elk Grove Village, Illinois. Airtronic, the largest woman-owned armament firm in the U.S., manufacturers critically important arms for the U.S. military and allied militaries. Airtronic is currently operating under Chapter 11 bankruptcy protection. GDSI has committed to provide up to $1,250,000 of Debtor-In-Possession working capital financing that is being used to fund working capital and to fund production of several large orders for the Company’s grenade launchers.
On October 2, the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division, confirmed the amended chapter 11 bankruptcy reorganization plan submitted by Airtronic. A strong majority of Airtronic’s creditors voted in favor of the plan. Now that the plan has been confirmed by the court, GDSI will be able to complete its acquisition of Airtronic. Airtronic’s bankruptcy case will be dismissed upon the consummation of the plan which includes completion of the acquisition of Airtronic by GDSI. Airtronic will emerge from bankruptcy capitalized with adequate working capital to compete effectively as an innovative leader in small arms manufacturing. Dr. Merriellyn Kett, Airtronic's President and CEO, will continue serving as the company’s CEO after the merger is finalized.
GDSI’s second core business initiative involves foreign intelligence gathering and analysis of social media data for the purpose of gaining important cultural awareness insights in various world “hot spots”. GDSI has discussed combining with one or more companies that carry out on-the-ground intelligence gathering, develop social networking analysis software and provide analysis services.
The third core business initiative is to provide global engineering, logistics, information technology, training and management support services. GDSI has identified one potential acquisition candidate in this area.
GDSI CEO Richard Sullivan Issues Public Open Letter Describing GDSI’s U. S.-Centric Strategic Plan For Technology-Related, Knowledge-Based Jobs, Innovation and Security
From Richard J. Sullivan
President and Chief Executive Officer
Global Digital Solutions, Inc.
October 29, 2013
Solutions For America
GDSI’s U.S.-Centric Plan for Building a 21st Century Global Platform for Technology-Related, Knowledge-Based Jobs, Innovation and Security
The United States has always been a world leader in harnessing the power of advanced technology and forward-leaning knowledge to address economic and security-related issues. We need to continue that tradition by making the necessary investments and pursuing smart strategies – while leveraging effective partnerships between the private and public sectors – if we’re going to meet the evolving challen-ges of the 21st century.
The future will belong to those who embrace the changing reality of the new, fast-paced, high-tech, cyber-based, networked, globalized marketplace. The rules of engage-ment have changed. And this is especially true for the approximately 25 million small businesses in this country.
Let’s remember that the real engine of economic growth, job creation and technological innovation has been the small business community. The bedrock of our free enterprise system, in fact, has been this entrepreneurial spirit, coupled with the desire of millions of small investors to participate in a dynamic, innovative economy while reaping a fair return on their investments.
Global Digital Solutions, Inc. (GDSI) understands these factors and we have begun implementing our strategy for profitable growth with these considerations in mind. I have the feeling that GDSI is like a train that’s about to leave the station. Our stock is substantially undervalued relative to the growth potential we see on both the near- and longer-term horizons. And very importantly, our strategy for growth is fully aligned with America’s economic and security-related interests.