Remington’s Response to the GDSI Publicity Stunt


Outdoor Wire reported Remington’s response to the GDSI publicity stunt in their newsletter …

Executives with Remington Outdoor Company have described yesterday’s late afternoon announcement of plans by by Global Digital Solutions, Inc (OTC-QB:GDSI) to acquire Remington as “attention seeking in it’s worst form”. Officials at Remington say they will be addressing Global’s PR NewsWire announcement of their planned all-cash acquisition of Remington of nearly $1.1 Billion. The Outdoor Wire Digital Network will have the full story as it develops.

I have worked exclusively in the gun industry since graduating college. I don’t like people messing with the industry I love. I think it is important we document for posterity the Directors and Officers of GDSI, so if anyone Google’s their names, they will find out what they have gotten up to in the firearms industry. The Directors and Officers are …

Richard J. Sullivan - Chairman and Chief Executive Officer
David A. Loppert - Executive Vice President and Chief Financial Officer
William J. Delgado - Director and Executive Vice President
Arthur F. Noterman - Director
Gary A. Gray – Vice President and Chief Technology Officer
Stephanie C. Sullivan - Director. (Daughter, Wife or Relative of Richard J. Sullivan?)

Thanks to ST for the tip.

Related

Steve Johnson

Founder and Dictator-In-Chief of TFB. A passionate gun owner, a shooting enthusiast and totally tacti-uncool. Favorite first date location: any gun range. Steve can be contacted here.


Advertisement

  • Blastattack

    Pump and Dump for sure. What a bunch of twits.

  • Paul Epstein

    Unless you were trying to go for some sort of joke, it’s ‘document for posterity’, not ‘document for prosperity’. Just because there’s no longer a red squiggly line does not mean all is well.

    • bbmg

      That last sentience was pure gold :D

  • Nathan Tramp

    I hope the SEC investigates this nonsense.

  • octopus1

    I think it is important to note that any response from Remington should be taken with a grain of salt. Remington is owned by Cerebrus and Remington ultimately has no say in this proposed deal nor do they even need to be aware or involved at this point. GDSI and Cerebrus are working on a deal. Remington had a harsh response out of fear of jobs being threatened etc.All my opinion.