ST. LOUIS, MO / ACCESSWIRE / June 17, 2015 / HDS International Corp. (OTC: HDSI), a technology development company, announced today that it has reached an agreement to provide emergency communication services for a community of over 100,000 people, marking a significant milestone for the Company as it crosses the chasm from R&D to commercialization of its intellectual property, to revenue generation. The Company started selling SirenGPS emergency management software solutions May 1, 2015 under license from privately-held SirenGPS, and recently executed an asset purchase agreement (APA) to acquire the technology outright, setting the stage for significant growth.
HDS International Chief Executive Officer Paul Rauner reported that the Company will provide emergency management communications for a community of more than 100,000 citizens. Despite a minor contingency that the Company expects to resolve in the next week related to the format of a system report, the client has already started on-boarding the software.
Rauner commented on what a sale of this scale means to the Company: As I have said previously, the sales cycle for a public safety, enterprise opportunity like SirenGPS is typically very elongated. A 90 or 120 day sales cycle is normal in this space. Landing a prospect of this size, this soon after our launch really validates the product and is just the beginning. Having this client will mean real credibility going into meetings we have scheduled with larger communities. The numbers in our pipeline suggest that we could be providing services for a million or more citizens by the end of this calendar year. Prospects suggest that our rate of acquisition will only accelerate as we get traction and grow our footprint regionally, nationwide, and then globally. SirenGPS technology is ready to deploy anywhere in the world today.
Separately, the Company has amended its recently filed 14C to include a reverse split of Common Shares. Rauner explained: We are making great progress, but the share price has not moved to reflect our momentum. While the share price may have presented a buying opportunity for retail investors, current and prospective investors, customer prospects, strategic partners, and acquisition candidates simply do not like the share price where it has recently been trading, and it is clear that this move is in the best interest of the Company. Subject to regulatory review, HDSI common shares will be reversed at thirty (30) to one (1), and the conversion rate for preferred shares will adjust to track the same ratio as per Board resolution. As a result, the Preferred and Common Shares will retain their respective, proportionate equity ownership of the Company. With numerous sales leads, technology partnerships and merger and acquisition candidates in the pipeline, at varying stages of negotiations and timing, we believe that this is the time to move the stock to a more notable exchange with improved transparency and liquidity. This move will ultimately benefit our stakeholders and will allow management to best position the Company to achieve its true potential as the world leader in e911 and emergency management solutions.
For additional information about HDSI, please visit www.hdsicorp.com, or refer to the Companys regulatory filings at www.sec.gov.
About HDS International Corp.
HDS International Corp. (OTC Pink: HDSI), is a technology development company based in St. Louis, MO, providing emergency management software services under a license agreement with SirenGPS, Inc., a Delaware corporation headquartered in Missouri.
Forward-Looking Statements
Statements not historical in nature, are intended, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements including, without limitation, those relating to future business prospects are subject to risks and uncertainties that could cause actual results to differ materially from projections, estimates or aspirations, due to factors such as those relating to economic, governmental, technological, and any risks and factors identified from time to time in the Company's reports filed with the SEC.
CONTACT INFORMATION
HDS International Corp.
401-400-0028
info@hdsicorp.com
http://www.hdsicorp.com
SOURCE: HDS International Corp.
