August 22, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Global Digital Solutions Inc (OTCMKTS:GDSI) shares over potential securities laws violations by Global Digital Solutions and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Global Digital Solutions Inc (OTCMKTS:GDSI) concerning whether a series of statements by Global Digital Solutions regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On August 12, 2016, the Securities and Exchange Commission (SEC) charged Global Digital Solutions Incs former chairman and CEO Richard J. Sullivan, and former CFO David A. Loppert with defrauding investors by issuing false and misleading press releases purporting that Global Digital Solutions Inc was a budding leader in cyber arms manufacturing and security technology solutions. According to the SECs complaint, Sullivan and Loppert were behind the press releases and corporate filings that falsified Global Digital Solutions Incs operations and revenue projections when in reality it had no customers, never manufactured any cyber arms, and never provided any security technology services or solutions.

On August 22, 2016, Global Digital Solutions Inc (OTCMKTS:GDSI) shares closed at $
per share.