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FTE Networks Inc. (FTNW)

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Last Post: 2/20/2017 1:20:19 AM - Followers: 78 - 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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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
FTNW News: FTE Files Application for Uplisting to NASDAQ 02/07/2017 08:35:00 AM
FTNW News: FTE Launches First Compute-to-The-Edge Facility 02/01/2017 10:21:36 AM
FTNW News: FTE Networks Reports Preliminary Unaudited 2016 4th Quarter Revenue of $5.1 Million with Positive Net Income; Announces 2017 01/25/2017 08:42:24 AM
FTNW News: FTE Networks Acquires Assets of Midwest Underground Solutions to help fill $52 Million BacklogAcquisition Expands Position & 01/17/2017 08:49:46 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
#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
#6143   Looking at their chart, I would have to Scott12 02/08/17 10:51:12 AM
#6142   They already did a reverse split less than Scott12 02/08/17 10:15:08 AM
#6141   (a) Initial Listing Requirements for Primary Equity Securities: Ed Ajootian 02/07/17 08:33:38 PM
#6140   CONDITIONS FOR OTC.....IM-5505. Initial Listing for Securities below art35 02/07/17 04:39:59 PM
#6139   I hope I'm wrong, but it's been almost Quindien 02/07/17 04:05:10 PM
#6138   This has been a terrible company to invest Quindien 02/07/17 03:43:34 PM
#6137   Probably.....1:8 reverse split. Heck, they've already done a Scott12 02/07/17 02:25:30 PM
#6136   What is fishy? We all know they can't yaboy520 02/07/17 12:35:37 PM
#6135   Wouldn't this mean they would need to do TopKnotchTrades 02/07/17 12:23:32 PM
#6134   I believe so.... $4.00 minimum uplist price. Scott12 02/07/17 11:32:20 AM
#6133   Isn't there a minimum pps of $4.00 to art35 02/07/17 10:26:00 AM
#6132   $FTNW FTE Files Application for Uplisting to NASDAQ Source: $Pistol Pete$ 02/07/17 09:26:41 AM
#6131   BETTER NEWS! Chris1 02/07/17 08:35:43 AM
#6130   great news! In my opinion they offer the buzz_trader 02/06/17 09:04:11 PM
#6129   FEBRUARY 01, 2017 Chris1 02/01/17 09:54:34 AM
#6128   2017 should be revealing for this stock, one buzz_trader 01/31/17 09:47:50 PM
#6127   This one is for patient people because the buzz_trader 01/26/17 07:58:21 PM
#6126   glty I am now a watcher art35 01/25/17 06:51:38 PM
#6125   yeah, was free for years until they went zagdad 01/25/17 05:46:29 PM
#6124   I think that IHUB charges $100.00 to post art35 01/25/17 05:25:27 PM
#6123   Ed, relative to what gets posted on IHub zagdad 01/25/17 04:52:05 PM
#6122   News-- again,, some more really big pps moving news!!! art35 01/25/17 04:43:25 PM
#6121   Art, not sure who you are referring to. Ed Ajootian 01/23/17 07:09:15 PM
#6120   The PPS is toooooo low for them to art35 01/23/17 12:04:06 PM
#6119   Buzz, I agree, and the ironic thing is Ed Ajootian 01/23/17 08:44:12 AM
#6118   Just need a spark of volume for lift off. buzz_trader 01/22/17 07:52:31 PM
#6117   good news! buccaneer1961 01/21/17 09:57:31 PM
#6116   devnull, yes, its good to see that they Ed Ajootian 01/19/17 08:41:37 AM
#6115   Exactly! FTNW really gives transparency to its shareholders. buzz_trader 01/17/17 09:47:24 PM
#6114   Today's news looks pretty good: FTE Networks Acquires devnull 01/17/17 09:08:00 AM
#6113   I like this stock a lot and bought Ed Ajootian 01/11/17 08:18:22 AM
#6112   Waiting for the moment it will fire on buzz_trader 01/10/17 10:47:01 PM
#6111   MBS Value Partners looks like a good company. devnull 01/06/17 08:23:01 PM