Global Digital Solutions Stock (OTC: GDSI)

Latest news for Global Digital Solutions (OTC:GDSI) Stock

Global Digital Solutions Inc operates as a holding company. It is focused on providing security and technology solutions. The company solutions are used in emergency management, first responders, national security and law enforcement operations.

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GDSI

Stephen L. Norris President Of Carlyle Group Joins Global Digital Solutions Board of Directors, Is Named Chairman And CEO

GLOBAL DIGITAL SLTNS INC by Global Digital Solutions, Inc.

Global Digital Solutions Inc

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Global Digital Solutions, Inc Issues Update on Awarded Damages and Legal Fees, OTC Filing Requirements and Collection Process

Global Digital Solutions

Global Digital Solutions,
Inc. (OTCQB: <a class="ticker" href="/stock/gdsi#OTCQB">GDSI</a>), a company that is positioning itself as a leader in
providing cyber arms manufacturing and complementary security and technology
solutions, today announced that Stephen L. Norris has joined the Company's
Board of Directors and has been named Chairman and CEO of GDSI
International.
  Currently serving as Chairman of Stephen Norris Capital Partners, LLC, Mr.
Norris has substantial expertise in structuring, negotiating and
implementing leveraged buy-outs, cash-flow-based investments and financing
strategies in the public and private capital markets.
  Mr. Norris is one of five co-founders of the Carlyle Group, a major merchant
bank based in Washington, D.C.  From 1988-1997, Mr. Norris served as
Carlyle's President.  He was a principal participant and key advisor in
Carlyle's numerous investments in various public and private companies.
While at Carlyle, Mr. Norris, along with other senior members of the Carlyle
team, participated in the acquisition, disposition, strategic focusing and
financing (in public and private markets) of numerous companies involving
several billion dollars of equity capital.  Carlyle invested in leveraged
buyouts (LBOs), venture capital (particularly telecommunications and
wireless companies in the pre-Internet days), and real estate.  Today,
Carlyle is one of the largest and most successful private equity firms in
the world.
  "The entire GDSI team is thrilled that Steve Norris has joined our board of
directors and that he will serve as chairman and CEO of GDSI International,"
said Richard J. Sullivan, GDSI's President and CEO. "Steve's record of
success in negotiating and implementing large-scale investments and
financing strategies is truly world-class. The fact that Steve has developed
senior-level working relationships with essentially all of the major
investment banks in the United States and in the international arena will
prove to be highly beneficial as GDSI implements our global growth strategy.
 I welcome Steve Norris to the GDSI senior leadership team and look forward
to working closely with him and benefiting from his incomparable experience
in seizing profitable opportunities in U.S. and global capital markets."
  "I'm honored to join the GDSI board and to begin serving as Chairman and CEO
of GDSI International," said Stephen Norris.  "Dick Sullivan and the entire
GDSI leadership team have a remarkable record of acquiring and growing
leading-edge technology companies.  I see enormous growth opportunity for
GDSI in both the U.S. and the international arenas and I certainly look
forward to working with the GDSI team to leverage these opportunities in the
months and years ahead."
  More About Stephen L. Norris, JD, LLM
  The Honorable Stephen L. Norris served on the Board of Directors of each
major Carlyle Group portfolio company and played a major role in strategic
decisions. During his tenure, Carlyle's investments produced very successful
returns for the investors, averaging approximately a realized 40% internal
rate of return (IRR).  Most notably, Mr. Norris had direct responsibility
for well over $1 billion in investments, in addition to directing and
managing a prominent investor's investment in the recapitalization of
Citibank now Citigroup. Mr. Norris' business relationships also made
possible this investor's subsequent investments in Euro Disney and Four
Seasons Hotels.  By the end of 1998, these three investments had produced
well over $10 billion in profits.
  In 1992, Mr. Norris was appointed by President George Bush, and confirmed by
the U.S. Senate, as one of the five board members of the approximately (at
the time) $68 billion Federal Retirement Thrift Investment Board. During his
tenure (1992-1995), Mr. Norris successfully advocated for the right of
Federal employees to allocate a greater portion of their savings into public
equities.  Until late 1996, Mr. Norris served on the Advisory Committee of
SEAG, Inc. which advises the Saudi Government on economic development and
diversification within the Kingdom of Saudi Arabia.
  Prior to co-founding Carlyle, Mr. Norris was a Corporate Vice President of
Marriott Corporation in Washington, D.C. He was a principal strategist and
advisor for Marriott's substantial public and private financings, limited
partnerships, acquisitions and divestitures from 1981 to mid-1987.
  Mr. Norris was a Fellow at Yale Law School (1977) and received a B.S. and
J.D. (1972, 1975) with honors from the University of Alabama, and an L.L.M.
from New York University (1976).


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