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FTE Networks Inc. (FTNW)

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Last Post: 3/22/2017 7:30:23 AM - Followers: 79 - Board type: Free - Posts Today: 1


Market Expansion in Kansas, Missouri, Oklahoma and Texas

NAPLES, FL--(Marketwired - March 02, 2016) - FTE Networks, Inc. (OTCQB: FTNW) ("FTE" or the "Company"), a leading networking infrastructure service solutions provider in the technology and telecommunications vertical, announced today that it has been awarded a multi-year, multi-million-dollar contract with a leading telecommunications carrier. The contract is expected to commence on April 1, 2016 and is valued at over $45 million dollars over the next three years with the potential for additional service offerings in existing and new markets.

Under the terms of this contract, FTE will be providing its Fiber Optic Infrastructure Services by expanding the carriers' current fiber to the home (FTTH) offering. FTE will open new offices in Texas and Oklahoma and expand its current office locations in Kansas and Missouri. The relationship between FTE and the carrier was established in the beginnings of FTE. 

Michael Palleschi, CEO and Chairman of the Board of FTE Networks said, "We are very pleased to continue our time-honored relationship with this premier telecommunications carrier and delve into new markets." He added, "Our work under this new contract is strategically important to FTE. Not only does it showcase our capabilities on the national stage, but it also allows us to penetrate new markets and execute on our growth initiatives while strengthening our relationship with our client."

This is the second major win for FTE in the last few weeks. Previously, FTE was awarded a contract with Edge Communications, which is valued at up to $100 million dollars over the next 36 months. "We have already begun work on the Edge project, which is going very well," added Palleschi. "Both of these projects add substantial new long term revenue streams and enable us to continue on our path to profitability in 2016."

NAPLES, FL--(Marketwired - February 18, 2016) - FTE Networks, Inc. (OTC PINK: FTNW) ("FTE" or the "Company"), a leading networking infrastructure service solutions provider in the technology and telecommunications vertical, has signed a multi-million dollar, multi-year strategic alliance agreement with Plano, Texas-based Edge Communications ("Edge").

Earlier this month, Edge engaged FTE with a signed Letter of Intent for work to support Edge on a multi-state network expansion project valued up to $100 million dollars over the next 36 months. Under the terms of the agreement, FTE Networks will be performing engineering, management and outside plant infrastructure services.

This week, Edge and FTE finalized the strategic alliance agreement and FTE will begin work Monday, February 22, 2016 in the following four markets: Des Moines, IA; Quad Cities, IA; Springfield, MO; and Valdosta, GA. In addition, FTE Networks will provide services to manage the end-to-end infrastructure installation.

Carlie Ancor, Chief Technology Officer of FTE Networks, said, "To formalize a strategic alliance agreement with a company like Edge is a significant development for FTE Networks. Not only does it help us expand into four important markets, it solidifies our strategic growth plan. To be in alignment with a high caliber company like Edge, it demonstrates our ability to cultivate strong relationships based on our quality of work, management and experience."

Mark Miller, Chief Operating Officer of Edge, stated, "We believe that partnering with FTE Networks was the right decision to ensure success because they deliver superior work, are able to keep costs down and increase our speed to market. This is the beginning of a long-lasting partnership."


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Current Price
Bid Ask Day's Range
FTNW News: SeeThruEquity Issues Update on FTE Networks Inc. (FTNW) and Raises Price Target to $2.75 03/21/2017 09:45:00 AM
FTNW News: FTE Networks Receives Additional Purchase Order Towards a Projected $10 Million Project; Expands Presence in New York City 03/14/2017 09:35:00 AM
FTNW News: FTE Networks and Benchmark Builders to Join ForcesLeading Network Infrastructure and Technology Firm Announces the Execution of 03/09/2017 09:30:43 AM
FTNW News: Current Report Filing (8-k) 03/09/2017 08:26:57 AM
FTNW News: FTE Networks Names J.T. Archer VP of Sales, Western RegionNAPLES, FL, (February 15, 2017) – FTE Networks, Inc. (OTCQX:FTNW)... 02/15/2017 08:54:44 AM
#6090  Sticky Note FTE Networks is getting started on its fiber JJAAMMAANN 11/27/16 05:10:45 AM
#4761  Sticky Note heres the new company webpage buccaneer1961 12/26/15 10:02:51 PM
#6193   See thru equities is hired to promote stocks TopKnotchTrades 03/22/17 07:30:23 AM
#6192   Yes, the link I provided is a bit Scott12 03/21/17 11:59:43 PM
#6191   Scott, your link looks outdated but in any Ed Ajootian 03/21/17 07:36:22 PM
#6190   Yeah, it sounds good(price target of $2.75), but Scott12 03/21/17 12:22:37 PM
#6189   Nice PR. Chris1 03/21/17 10:17:08 AM
#6188   Publicity is more important right now. Getting their buzz_trader 03/21/17 02:49:19 AM
#6187   Hard to figure why the Ladenburg guys are Ed Ajootian 03/19/17 08:14:05 PM
#6186   That's a great article Chris, thanks for sharing Ed Ajootian 03/14/17 07:08:15 PM
#6185   Nice article in the Naples news.[url Chris1 03/14/17 03:28:15 PM
#6184   FTE Networks Receives Additional Purchase Order Towards a Chris1 03/14/17 10:25:43 AM
#6183   More news! Another 10 million in contracts the Chris1 03/14/17 09:05:58 AM
#6182   on the spotlight! Awesomenessssss buzz_trader 03/12/17 10:04:49 PM
#6181   JJ, I didn't think that that many shares Ed Ajootian 03/12/17 07:52:36 PM
#6180   stocktrademan, good to hear that you think this Ed Ajootian 03/12/17 07:44:40 PM
#6179   FTNW hope this continues to go up. JJAAMMAANN 03/12/17 12:45:53 AM
#6178   FTNW bullish 1.00 stocktrademan 03/10/17 05:09:47 PM
#6177   Yes this certainly big news. Per the Ed Ajootian 03/09/17 10:09:33 PM
#6176   FTNW 1.12. swampboots 03/09/17 11:16:16 AM
#6175   FTNW up 18% .90 lets see if it swampboots 03/09/17 10:42:58 AM
#6174   *Company WallStreetopgun 03/09/17 08:38:30 AM
#6173   HUGE news!!! The acquisition of Benchmark is a WallStreetopgun 03/09/17 08:37:39 AM
#6172   buzz, your patience is about to be rewarded Ed Ajootian 03/09/17 06:58:21 AM
#6171   I am adding on the dips and being buzz_trader 03/08/17 12:31:16 AM
#6170   JJ, I believe the contracts with these large Ed Ajootian 03/04/17 09:38:04 AM
#6169   lots of potential!!! definitely going through the roof!! buzz_trader 03/02/17 08:08:24 PM
#6168   I'm right there along with you. The JJAAMMAANN 03/02/17 09:49:39 AM
#6167   Agreed JJ, but unless they put out some Ed Ajootian 03/02/17 06:41:35 AM
#6166   Going to be interesting over the coming weeks/months... JJAAMMAANN 02/27/17 06:09:41 AM
#6165   buzz, yes it will be interesting to see Ed Ajootian 02/24/17 09:29:44 AM
#6164   Big wheel of business FTNW. Better than unhealthy growth! buzz_trader 02/23/17 07:56:03 PM
#6163   Chris, I suspect its someone who is "painting Ed Ajootian 02/22/17 07:41:43 PM
#6162   This trades crazy to me. Like watching amateur Chris1 02/22/17 11:18:43 AM
#6161   JJ, thanks, my pos. is green unlike some of snupoled 02/21/17 12:19:06 PM
#6160   Snupdawg, Welcome to FTE JJAAMMAANN 02/20/17 01:20:19 AM
#6159   Some proof of power-scaling. buzz_trader 02/19/17 09:14:30 PM
#6158   JJay, snupdawg here, snupoled 02/18/17 10:01:19 AM
#6157   FTE Making Strides in the right direction! JJAAMMAANN 02/18/17 08:55:48 AM
#6156   Scott, its been awhile since I looked at Ed Ajootian 02/17/17 02:54:56 PM
#6155   The stock you mentioned, uplisted to a different Scott12 02/16/17 11:50:53 PM
#6154   lewsogge, when you say they are not even Ed Ajootian 02/16/17 09:25:17 PM
#6153   I could see the logic in their interest Scott12 02/16/17 12:19:10 PM
#6152   Yea I know what you're saying... FTNW revenue lewsogge 02/16/17 11:42:44 AM
#6151   They are not even close to meeting the Scott12 02/16/17 11:30:26 AM
#6150   Wow I totally missed that... have been a lewsogge 02/16/17 11:06:40 AM
#6149   Almost looks like someone put in a market Chris1 02/16/17 10:46:26 AM
#6148   Don't fall for it. A lot of these Scott12 02/16/17 10:21:02 AM
#6147   ask at .88...after a buy at .90 zagdad 02/16/17 09:56:53 AM
#6146   uplisting!!!!!!!!!!! buccaneer1961 02/16/17 01:38:02 AM
#6145   FTNW keep increasing my confidence. buzz_trader 02/12/17 11:44:25 PM
#6144   I hear you Scott, but how realistic is Ed Ajootian 02/11/17 06:50:48 PM