Through its wholly-owned subsidiary North American Custom Specialty Vehicles Inc, the company builds mobile command/communications and specialty vehicles for emergency management, first responders, national security, and law enforcement operations. The company is engaged in development of proprietary aviation technology and is also looking to develop an automotive technology company in Brazil.
Cyborg Score Rationale
The SEC charged the company and former executives with defrauding investors through false press releases—in reality it had no customers, never manufactured cyber arms, and never provided security technology services. The company operates with minimal staffing and limited operational activity.
Top Insights
SEC enforcement action charged company leadership with issuing false and misleading press releases falsifying operations and revenue projections when it had no customers or actual operations
Extremely small operational scale with only 2 total employees
Company involved in a $195M+ court judgment affirmed by the Eleventh Circuit Federal Court of Appeals in November 2022
Subsidiaries include NACSV, GDSI Florida LLC, Global Digital Solutions LLC, and Harm Alarm
Named Competitors
Mobile Command Solutions — Listed competitor in specialty vehicle space
Recent Developments
(November 2022) $195M in damages judgment affirmed by Eleventh Circuit Court of Appeals
(May 2022) Company announced judgment standing at approximately $200M with legal fees and accrued interest
(March 2019) Completed merger/acquisition with HarmAlarm
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