Blueprint
Exhibit 99.1
Global Digital Solutions Inc. Initiates Legal Action against Grupo
Rontan Metalurgica, S.A. and Certain of its Principals and
Owners
WEST
PALM BEACH, Fla., Jan. 31, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire
-- Global Digital Solutions, Inc. (GDSI), a company that is
positioning itself as a leader in comprehensive security and
technology solutions, has announced it has initiated a lawsuit for
damages against Grupo Rontan Metalurgica, S. A, ("Rontan") and that
company's controlling shareholders, Joao Alberto Bolzan and Jose
Carlos Bolzan.
The
Company has engaged the law firm of Boies Schiller Flexner LLP to
represent it in this action. The case will be handled by William
Isaacson of the firm's Washington office and Carlos Sires of the
firm's Fort Lauderdale office (Their professional profiles are
available at https://bsfllp.com/lawyers.). The action has been
filed in the United States District Court for the Southern District
of Florida. The complaint alleges that "Rontan is wholly-owned by
Joao Bolzan and Jose Bolzan. It is one of the world's largest
manufacturers of original equipment for specialty vehicles for
emergency management, first responders, national security, and law
enforcement operations." GDSI, in the complaint, further alleges
that Rontan and its shareholders improperly terminated a Share
Purchase and Sale Agreement (the "SPA") by which GDSI was to
acquire whole ownership of Rontan.
William
J. Delgado, GDSI's CEO, noted that, "The filing of this lawsuit is
an important step in enforcing the Company's rights with respect to
the acquisition of Rontan. I fully expect that our position
regarding this acquisition will be validated by the Courts. I also
expect to announce several additional items over the coming weeks
related to the company's on-going development."
About Boies, Schiller, Flexner
We are
a firm of internationally recognized trial lawyers, crisis
managers, and strategic advisors known for our creative,
aggressive, and efficient pursuit of success for our
clients.
For
almost two decades, Boies Schiller Flexner has established a record
of taking on and winning complex, groundbreaking, and cross-border
matters in diverse circumstances and industries for many of the
world's most sophisticated companies. Our litigators are recognized
for prevailing when the odds are longest and the stakes
highest.
We
regularly take cases to trial, and we prepare each one accordingly
from the start. We have the experience, judgment, and vision to
develop the arguments that achieve favorable outcomes, whether
those arguments are needed inside or outside of the courtroom. We
build deep relationships with our core clients that allow us to
represent them in any matter, in any forum, anywhere in the world.
And we regularly represent our clients as plaintiffs as well as
defendants, often sharing the risk of litigation through creative
fee structures.
With 14
offices located throughout the United States and in London, we
operate as one firm with a seamless approach to building the most
skillful and cost-effective team possible for every
matter.
We are
proud of our reputation as a "national litigation powerhouse" (The
Wall Street Journal) and as "one of America's most successful and
sought-after law firms for cases that matter" (The American
Lawyer). We strive every day, in every matter, to build upon that
reputation, to achieve exceptional results for our clients, and to
remain the firm that our clients will always want to entrust with
their most significant matters.
About Global Digital Solutions, Inc.
Global
Digital Solutions 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. 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-K filed on March 30, 2015, and in our
other filings with the U.S. Securities and Exchange
Commission.
Contact:
William
Delgado
561-515-6198
info@gdsi.co