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Global Digital Solutions and Planned Merger Partner Airtronic USA Agree to Details for Amended Bridge Loan Facility Providing An Additional $550,000 to Enable Airtronic to Complete Previously Announced Contracts and Purchase Orders of Considerable Value
Global Digital Solutions and Planned Merger Partner Airtronic USA Agree to Details for Amended Bridge Loan Facility Providing An Additional $550,000 to Enable Airtronic to Complete Previously Announced Contracts and Purchase Orders of Considerable Value.
About this update from Global Digital Solutions, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nGlobal Digital Solutions and Planned Merger Partner Airtronic USA Agree to Details for Amended Bridge Loan Facility Providing An Additional $550,000 to Enable Airtronic to Complete Previously Announced Contracts and Purchase Orders of Considerable Value\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nGlobal Digital Solutions and Planned Merger Partner Airtronic USA Agree to Details for Amended Bridge Loan Facility Providing An Additional $550,000 to Enable Airtronic to Complete Previously Announced Contracts and Purchase Orders of Considerable Value\n\nThe companies reached agreement on details concerning Dr. Merriellyn Kett's post-confirmation, five-year employment contract, the handling of post-confirmation intellectual property and certain other technical issues - delay in Airtronic's August 7, 2013, Chapter 11 confirmation hearing expected\n\nPR Newswire\n\nPALM BEACH, Fla., Aug. 7, 2013\n\n\n\n\n\n\n\nPALM BEACH, Fla., Aug. 7, 2013 /PRNewswire/ -- Global Digital Solutions (PINKSHEETS:GDSI),a company that is positioning itself as a leader in providing small arms manufacturing, knowledge-based and culturally attuned social consulting combined with complementary security and technology-related solutions in unsettled areas, today announced an agreement with planned merger partner Airtronic USA, Inc. (\"Airtronic\") to an amended bridge loan facility that will provide an additional $550,000 to enable Airtronic to complete previously announced contracts and purchase orders of considerable value.\n\n\nOn May 30, 2013, GDSI and Airtronic announced the first in what is expected to be a series of contracts involving the company's core business products. On June 24, 2013, the two companies announced that Airtronic agreed to become an OEM supplier to a major international defense contractor for the Airtronic family of M203 grenade launchers and received the first of many expected orders for M203 grenade launchers. \n\n\n\"We're very excited about the contracts and purchase orders Airtronic has received recently and we're pleased we have ...