HDS International Corp (OTCMKTS:HDSI) continues to see higher lows and higher highs down in sub penny land. The stock has quickly attracted a large shareholder base and transformed into a volume leader on the bb’s.
New management seems serious about creating real value by dealing with and eliminating the convertible debt without diluting current shareholders further. The stock is up big after the Company announced a Strategic Expansion Agreement and an Intellectual Property License Agreement with SirenGPS, Inc.
HDS International Corp (OTCMKTS:HDSI) is a technology development company based in St. Louis, MO. In March, 2015, the Company entered into a license agreement with SirenGPS, Inc., a Delaware corporation headquartered in Missouri, relating to technologies that revolutionize emergency communication and emergency response, improving response times by connecting smartphones to emergency services.
At the beginning of March HDSI said that it has entered into a Strategic Expansion Agreement and an Intellectual Property License Agreement with SirenGPS, Inc., a developer and licensor of emergency management and emergency response technologies.
In conjunction with the agreement, HDS International received a technology license from SirenGPS and will seek capitalize on the critical need for improved emergency response technologies, by engaging in the development, marketing and sale of SirenGPS emergency management software.
Siren GPS provides industry leading solutions that enhance existing emergency communications by, among other things, providing location services for mobile 911 calls. SirenGPS emergency management software lets emergency managers know what is happening and communicate with people in their communities in real time.
The Company also announced the appointment of Paul Rauner 46, as Chairman and CEO of the Company, who will lead the Company’s new initiative effective immediately. Concurrently therewith, Mr. Recachinas, the Company’s sole officer and director prior to this transaction, will resign from all positions with Company
.“Smartphones pick up your location so accurately that we use them as our primary navigation devices,” Rauner notes. “ However, despite these advances,emergency dispatch today often does not have that information when you call 911. Emergency managers at our schools, hospitals and businesses are even worse off, lacking the tools to know what is happening to the people they are responsible for.
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SirenGPS’ technology, under license and offered by HDSI, can change that.” The Federal Communication Commission (FCC) Chairman Tom Wheeler recently issued a public statement calling for mobile app technology to address the 911 location problem, and under today’s landmark agreement, HDS International Corp. is prepared to deliver.
In connection with the press release HDSI released an 8K on March 13 that stated ”On March 9, 2015, we closed the transaction that is the subject of a Strategic Expansion Agreement dated March 5, 2015 by and between us, Hillwinds Ocean Energy, LLC, a Connecticut limited liability company which was formerly our controlling shareholder, and SirenGPS, Inc. a Delaware corporation.
In exchange, SirenGPS received: (a) thirteen million three hundred fifty thousand (13,350,000) newly-issued shares of HDS International Corp. Class B Preferred Stock, $0.001 par value per share (b) two hundred million (200,000,000) newly-issued restricted shares of our common stock and (c) seven million five hundred thousand (7,500,000) shares of HDS International Corp. Class A Preferred Stock, $0.001 par value per share, from HOEL.
On March 26 HDSI announced it has engaged Source Capital Group, Inc. to represent the Company. SCG’s Senior Managing Director of Investment Banking, Vik Grover, CFA, has 20 years of experience in the telecommunications industry. Grover has been working with HDSI’s new CEO Paul Rauner for over six months to source the capital, distribution agreements, and mergers and acquisitions to bring SirenGPS emergency management software to market. SCG was instrumental in negotiating the Strategic Expansion Agreement that led to Rauner’s control position with HDSI established in March 2015.
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Currently exploding up the charts out of sub penny land HDSI has minimal assets and no revenues to date and rising short term debt. But this is an exciting story developing in small caps; the Company has just signed a huge Expansion Agreement and an Intellectual Property License Agreement with SirenGPS, Inc. and is quickly developing a loyal shareholder base that swears this one goes higher. We will be updating on HDSI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HDSI.
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Disclosure: we hold no position in HDSI either long or short and we have not been compensated for this article