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FTE Networks Inc. (FTNW)

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Last Post: 12/15/2017 7:15:50 PM - Followers: 94 - Board type: Free - Posts Today: 0


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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FTNWD News: Current Report Filing (8-k) 12/14/2017 06:36:33 AM
FTNWD News: Securities Registration (section 12(b)) (8-a12b) 12/11/2017 09:57:52 AM
FTNWD News: Current Report Filing (8-k) 12/08/2017 05:26:51 PM
FTNWD News: Statement of Changes in Beneficial Ownership (4) 12/05/2017 01:40:16 PM
FTNWD News: Quarterly Report (10-q) 11/16/2017 01:48:38 PM
#6519  Sticky Note $FTNW $9.50 Uplisting NYSE with Price Target of jedijazz 12/12/17 09:34:11 AM
#6553   That is correct! Understand that the American Stock common_cents 12/15/17 07:15:49 PM
#6552   47 cents Gaap, $1.61 NonGaap based on my 007Roger 12/15/17 05:10:20 PM
#6551   But they still have a ton of Series TopKnotchTrades 12/15/17 12:34:48 PM
#6550   LOL....they earned 33 cents a share last Quarter.....diluting? common_cents 12/15/17 12:27:00 PM
#6549   Is this company diluting? They aren’t making TopKnotchTrades 12/15/17 12:22:47 PM
#6548   Patience in My Opinion Daxtech 12/15/17 12:06:37 AM
#6547   Daxtech, great to see them update their presentation. Ed Ajootian 12/14/17 10:38:42 PM
#6546   I agree. Plan to increase my holdings. 007Roger 12/14/17 08:14:51 PM
#6545   I added some today. Long term I Quintessence 12/14/17 07:48:30 PM
#6544   It's like I said in my last post, Scott12 12/14/17 03:16:23 PM
#6543   Not exactly how i thought today would go, txhockey 12/14/17 12:34:03 PM
#6542   New IR Presentation: Daxtech 12/14/17 10:29:59 AM
#6541   FTE Networks Announces $37.2 Million in Several New jedijazz 12/14/17 08:48:05 AM
#6540 shanak10 12/14/17 08:36:12 AM
#6539   FTNW moved to the NYSE AMEX from the OTC: Renee 12/14/17 08:11:44 AM
#6538   $FTNW a whole new to begin on the shanak10 12/14/17 07:55:53 AM
#6537   agreed. $FTNW just testing the tires of the TradeForProfits 12/13/17 10:54:19 PM
#6536   Holy crap, this is fun! $14. common_cents 12/13/17 01:05:44 PM
#6535   yes, great day so far. Like to see TradeForProfits 12/13/17 12:46:00 PM
#6534   Large bid at 13.10 now. I wonder Quintessence 12/13/17 10:23:21 AM
#6533   A nice start for the day so far. shanak10 12/13/17 09:54:05 AM
#6532   Uptrend continuing. Bid at $13 now. Quintessence 12/13/17 09:49:54 AM
#6531   Looking good. It needs to execute more on buzz_trader 12/13/17 01:51:32 AM
#6530   Quite an amazing 2 days here. The Ed Ajootian 12/12/17 08:13:07 PM
#6529   12$ What a finish! AndrewFLW 12/12/17 04:12:25 PM
#6528   Great close! +26% Quintessence 12/12/17 04:07:52 PM
#6527   This is exciting! Good luck to all on Daxtech 12/12/17 04:02:59 PM
#6526   It just keeps getting better! Quintessence 12/12/17 03:39:11 PM
#6525   I like the $10.75 even more. shanak10 12/12/17 03:37:39 PM
#6524   I agree. I like that bid at Quintessence 12/12/17 03:30:41 PM
#6523   GREAT to see $20,000 buys at 10.50. common_cents 12/12/17 03:11:49 PM
#6522   slow and steady building $FTNW today is good. TradeForProfits 12/12/17 02:58:12 PM
#6521   Volume was great yesterday! Not quite as Quintessence 12/12/17 01:33:48 PM
#6520   that is a huge move. great for $FTNW TradeForProfits 12/12/17 09:44:19 AM
#6519   $FTNW $9.50 Uplisting NYSE with Price Target of jedijazz 12/12/17 09:34:11 AM
#6518   The best thing about yesterday was the truly Ed Ajootian 12/12/17 08:14:21 AM
#6517   So happy!!! Looking to hit 15$ Pstats 12/11/17 03:58:31 PM
#6516   Congrats to all, especially to the patient ones shanak10 12/11/17 03:04:54 PM
#6515   Looking good. Up 21% now! Quintessence 12/11/17 02:40:34 PM
#6514   Don't get me wrong, today's news is definitely Scott12 12/11/17 02:20:58 PM
#6513   AMEX was bought by NYSE in 2008 and SakartveloChan 12/11/17 12:59:08 PM
#6512   Well, to clarify, it's the NYSE American exchange, Quintessence 12/11/17 12:58:15 PM
#6511   I guess for some people the glass is common_cents 12/11/17 12:50:41 PM
#6510 Chris1 12/11/17 12:48:57 PM
#6509[ Chris1 12/11/17 12:37:20 PM
#6508   Now $25-$50 doesn't sound so far fetched after SakartveloChan 12/11/17 12:31:15 PM
#6507   Not to take away from today's good news, Scott12 12/11/17 12:30:13 PM
#6506   excellent announcement :) $FTNW #NYSE TradeForProfits 12/11/17 10:51:57 AM
#6505   yes, sure is rare. $FTNW making waves for sure! TradeForProfits 12/11/17 10:45:43 AM
#6504   Uplisting to NSYE is rare with OTC stocks. Quintessence 12/11/17 10:14:29 AM