Palm Beach-Based Global Digital Solutions, Inc. Signs Merger Agreement with California-Based Pacific ComTel, Inc.
Posted on: Monday, 12 January 2004, 06:00 CST
Former top executives of Applied Digital Solutions, Inc.,
including former Chairman and CEO Richard J. Sullivan and former COO
Jerome C. Artigliere, spearhead new high-tech communications venture
Global Digital Solutions, Inc. (GDSI), a privately held company specializing in advanced communications solutions, announced today that it has signed a merger agreement with California-based Pacific ComTel, Inc. The all-stock transaction closed on January 8, 2004, and is effective immediately. The name of the combined entity is Global Digital Solutions, Inc., headquartered in Palm Beach, Florida.
Based in Palm Beach, Florida, GDSI was formed in late 2003 by former top executives of Applied Digital Solutions, Inc. (Nasdaq: ADSX), including former Chairman and CEO Richard J. Sullivan and former Chief Operating Officer Jerome C. Artigliere. Mr. Sullivan also currently serves as Chairman of Digital Angel Corporation (Amex: DOC). GDSI plans to target the lucrative U.S. Government contract marketplace by pursuing three key industry segments: Communications; Security; and Parts & Services.
Headquartered in San Marcos, California, Pacific ComTel is a privately-held corporation with $15 million in revenue and 150 employees. The Company - a telecommunications carrier/integrator, specializing in designing, installing, and maintaining telephony and data networks using copper and fiber cabling - has developed a host of proprietary service solutions designed to optimize inter-office communications.
Now that the merger between GDSI and Pacific ComTel has been completed, Mr. Sullivan will serve as the Chairman of the combined entity and Mr. Artigliere will serve as CEO and President.
"This merger is an excellent first step in creating what I believe will be a very successful business," Mr. Sullivan commented. "The combination of GDSI and Pacific ComTel will create a company that brings enormous know-how and a proven track-record in providing high-quality communications services to a variety of government agencies at the federal, county and municipal levels. By joining forces with Pacific ComTel's highly talented management team, under the leadership of President and CEO Bill Delgado, GDSI will be able to hit the ground running as we aggressively pursue winning U.S. government contracts in our targeted areas."
Bill Delgado, President and CEO of Pacific ComTel, added: "I'm excited about this merger and I know the entire Pacific ComTel team is equally excited. We look forward to working with the leadership team at GDSI to seize growth opportunities in the areas of communications, security and parts and services. We've examined the market opportunity and we think GDSI is ideally positioned to succeed."
About Pacific ComTel, Inc.
Headquartered in San Marcos, California, privately held Pacific ComTel also has offices in Sacramento, Ontario, and Monterey. The company's primary emphasis is the design, engineering, installation and maintenance of telephony and computer network cabling systems. This includes indoor and outside plant using fiber optic and copper cabling. The Company also designs, implements and maintains high-speed, state of the art networks in conjunction with its technology partners to provide customers with scaleable, cost effective and reliable systems that meet today's demanding needs and tomorrow's ever-changing requirements. For more information, visit: http://www.pacificcomtel.com.
About Global Digital Solutions, Inc.
Related Articles
- ThinkVine Names Jamie Egasti, Former Folgers CEO, P&G Executive to Board of Directors
- OGE Energy Corp. Names Former Xcel Energy Chairman Wayne Brunetti to Board of Directors
- Clickable Appoints Former AOL CEO to Board of Directors
- LexisNexis Special Services Extends Screening Solutions With Digital Defense Group Biocards, a Division of Gabriel Technologies Corp.
- Princeton Community Hospital Gets New CEO
- Fraud Charge Filed Against Former Refco CEO
- Nagravision and Microsoft Announce Agreement to Deliver Innovative Solutions for Digital Pay-TV to Windows Media Center PCs
- Ebbers Denied New Trial; Former WorldCom CEO Can Present Witnesses at Sentencing Today
- Broadcom Demonstrates Next-Generation Consumer Electronics Semiconductor Solutions for Digital Video, Wireless and Mobile Communications at 2005 International CES
- Former WorldCom CEO Ebbers Indicted
User Comments (0)

RSS Feeds