Here is the photo below:
I've also made the image larger so that you can see what this soldier is referring too:
Please judge for yourselves
Snopes.com has posted a response to this on their site.
Pepsi America has also released a statement on their site :
"The can design you're referencing is one of two local Diet Pepsi can designs from our Middle East/Africa region, which was created by a South African design agency. The image was intended to portray the growth of active cities in the region.
We understand from some of our consumers that the design can be misinterpreted, which was never our intention. We have taken action to change the design of the can."
Related Article :
Dubai Refreshments launches special edition Pepsi cans in 50-year celebration
**Thanks to "Auntybrat" for the updates