Global Digital Solutions Receives $6 Million in New Bid Requests for Major Initiatives in California
New Bid Requests in Addition to $6.5 Million Announced in March, 2012
FOLSOM, Calif., May 3, 2012 /PRNewswire/ -- Global Digital Solutions (GDSI.PK) announced today that the company has received 4 separate bid requests for work with the Central Valley Independent Network (CVIN) (3) and the city of Richmond, California (1). For strategic reasons, the company is not revealing the source of the final bid request.
The Central Valley Independent Network (CVIN) is a consortium of affiliates of independent telephone companies in central and northern California that has begun construction on a new network that is expected to provide broadband access to 1,973 communities in California's Central Valley area.
W.J. "Bill" Delgado, Chairman and Chief Executive Officer of Global Digital Solutions commented, "We are very excited to receive these recent requests for formal bids for $6 million in work. We are very confident that we will submit very competitive bids for at least two of the bid requests which would be almost $4 million in new business for our company."
Delgado added, "We are definitely seeing an increase of activity as more federal and state funding is allocated to improve the infrastructure in Central and Northern California. We are very excited about our internal economic forecasts and we will be announcing updated revenue projections within the next few weeks."
About Global Digital Solutions, Inc.:
Global Digital Solutions provides engineering and consulting services to Local Exchange Carriers, Long Haul Fiber Optic Carriers, Fortune 1000 companies as well as Federal, State, and Local governments. For more information please visit http://www.gdsi.co.
Statements about the company's expectations, including revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward looking statements.
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