DarkPulse, Inc. Provides Letter to Shareholders from CEO

HOUSTON, Oct. 03, 2023 (GLOBE NEWSWIRE) -- DarkPulse, Inc. (OTC: DPLS) (“DarkPulse”, “DPLS", or "the Company") today issued a letter to shareholders from CEO Dennis O’Leary.

A Letter to Shareholders from the Founder & CEO of DarkPulse, Inc.

Dear fellow shareholders,

As we enter the fourth quarter and ultimately into a new year and first quarter of 2024, I find myself optimistic about what lies ahead for DarkPulse. Despite 2023 being one of the harder macroeconomic years in recent history, and with some of our own operating challenges, we find ourselves positioned on a positive growth trajectory.

While there were challenges this year, all companies operating in large, global markets often find conditions highly dynamic. However, these environments offer many benefits by design while simultaneously can also lead to rapidly changing market conditions in which many companies find themselves facing headwinds.

Over the last several months, we took a hard look across the company, business by business, and asked ourselves about each entity’s initiative’s, long-term potential to drive revenues, and return on investment. In some cases, it led to us shuttering certain businesses. Optilan while beginning a turn in the right direction, continued to struggle due to legacy debts related to the COVID 19 and operational inefficiencies. We decided it was in the best interests of shareholders to allow the company to enter the insolvency process. While we have deconsolidated the assets of Optilan, DarkPulse retained the wealth of knowledge and industry contacts it required to continue its growth plan. DarkPulse has retained two of the most “assets” of Optilan, the first is Optilan’s customers. Optilan had built strong relationships with its customers over the many years of operating and we feel we are positioned to continue those relationships. The second “asset” is Optilan’s engineering and system installation knowledge, which DarkPulse required in order to successfully sell and install our own product and services. In addition, we are working to acquire certain assets of Optilan we feel serve our business plans for the future.

We will continue focus on company growth and increasing shareholder equity with an emphasis on long-term profitability and cash management. We chose to prioritize growth over profits because we believed that scaling into a dominant market position is essential to achieving the full potential of our business plans. We continue to look globally and have established a UK-based subsidiary named DarkPulse Ltd. We have also begun the process of incorporating subsidiaries in India, Oman and Turkey as part of our plan to shift away from near-term acquisitions and focus on organic growth of the Company. We will continue to build our global expansion into key markets well into 2024 as we focus on full scale manufacturing of our sensor hardware and building market share into critical infrastructure markets.