Global Digital Solutions, Inc. Provides Update to Shareholders Regarding the Collection of Settlement/Assets Available
Global Digital Solutions Inc. (GDSI) announced a strategic update regarding its legal case against Grupo Rontan Electro Metalurgica. The company is engaging Brazilian counsel for asset collection related to the Bolzans' Rontan plant, which includes extensive land holdings. Additionally, GDSI is exploring opportunities with EV manufacturers and parts suppliers. CEO William Delgado expressed optimism about the company's growth prospects and plans to pursue further damages in the legal proceedings. The company aims to enhance shareholder value through strategic acquisitions and partnerships in the automotive and aviation technology sectors.
- Engaging Brazilian counsel for asset collection indicates proactive legal strategy.
- Exploring partnerships with EV manufacturers could diversify revenue streams.
- CEO's confidence reflects positively on company growth potential.
- None.
WEST PALM BEACH, FL / ACCESSWIRE / February 18, 2021 / Global Digital Solutions Inc.(GDSI), (OTC PINK:GDSI), a company that is positioning itself as a leader in Automotive and Aviation Technology Solutions announced today an update to its business strategy regarding the award received in the decision from the United States District Court for the Southern District of Florida regarding the case against Grupo Rontan Electro Metalurgica, S.A., Joao Alberto Bolzan and Jose Carlos Bolzan. The full court document can be found at https://www.gdsi.co/page12.html.
The company is in the process of formally engaging Brazilian counsel to commence collection efforts on the Rontan plant and associated assets controlled by the Bolzans. Also included in the assets are several thousand acres of land encompassed within the plant purchase. The Company is in the process of engaging collection experts in the USA in order to determine assets not previously identified in the USA, Europe and/or Asia.
In addition to the ongoing collection efforts, the company is evaluating EV manufacturers, parts suppliers and IP related companies throughout the USA and elsewhere. This also involves reaching out to one of the leading EV manufacturers.
William Delgado, CEO and Chairman of GDSI said, "We are pleased with the momentum we have generated to get to this point. The level of professionalism and experience our team of attorneys brings has allowed us to execute both near and long-term opportunities for the growth of the organization. We expect to file additional damages (Legal Fees and Expenses) in the following days."
About Global Digital Solutions, Inc.
Global Digital Solutions, Inc. (OTC PINK:GDSI), a company that is positioning itself as a leader in Automotive and Aviation Technology Solutions, continues to enhance shareholder value in these areas. We currently operate an Aviation Technology group focused on low visibility and airspace congestion safety. The Company expects to add significantly through acquisitions and partnerships additional capabilities in EV and Automotive AI technologies.. For more information about GDSI, visit http://www.gdsi.co
Forward-Looking Statements
This press release contains "forward-looking statements." 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. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. These statements include statements regarding moving forward with executing the Company's global growth strategy. The statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. 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, except as required by law. 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 Annual Report on Form 10-Q filed on September 30, 2020, and in our other filings with the U.S. Securities and Exchange Commission.
CONTACT:
Richard Brown
nesscapconsult@gmail.com
SOURCE: Global Digital Solutions Inc.
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FAQ
What legal update did GDSI announce on February 18, 2021?
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What are GDSI's future plans following the legal case?
