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FTE Networks Inc. (FTNW)

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Last Post: 9/27/2016 1:52:51 PM - Followers: 82 - 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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FTNW News: FTE Networks Appoints Lynn Martin as Chief Operating OfficerExperienced Executive Will Bring Strategic Relationships to the 09/27/2016 08:38:04 AM
FTNW News: Current Report Filing (8-k) 09/27/2016 07:31:21 AM
FTNW News: FTE Networks Awarded Contract Valued Up to $12 Million by a Global Telecommunications Company 09/26/2016 09:02:59 AM
FTNW News: FTE Networks to Present at the SeeThruEquity Fall Microcap Investor Conference 09/22/2016 09:39:24 AM
FTNW News: FTE Networks Launches New Government Services Vertical 08/31/2016 08:33:18 AM
News News Alert: FTE Networks Appoints Lynn Martin as Chief Operating OfficerExperienced Executive Will Bring Strategic Relationships to the 09/27/2016 08:38:04 AM
#4761  Sticky Note heres the new company webpage buccaneer1961 12/26/15 10:02:51 PM
#5980   TW, I got that Email also from Profitable W3Research 09/27/16 01:52:51 PM
#5979   Just as I suspected...FTNW is selling off. LOL. Scott12 09/27/16 12:32:54 PM
#5978   Fishy indeed. The PR is vague as hell.... Scott12 09/26/16 08:40:43 PM
#5977   I agree, just look at the volume and Chris1 09/26/16 02:15:07 PM
#5976   Anyone feel like calling IR? Fibertech 09/26/16 01:50:29 PM
#5975   The question is who hired the pumpers. The TopKnotchTrades 09/26/16 12:34:14 PM
#5974   This is good news. FTE needs more of Fibertech 09/26/16 11:53:05 AM
#5973   FTE Networks Awarded Contract Valued up to $12 Chris1 09/26/16 09:10:14 AM
#5972   Time to bring the news! Something's cooking here! buzz_trader 09/25/16 09:18:50 PM
#5971   Topknotch is right. They aren't the ones who sold. Fibertech 09/24/16 10:51:43 AM
#5970   Just got out of this one. Made some chompers 09/24/16 10:02:05 AM
#5969   I don't think you understand what a paid TopKnotchTrades 09/23/16 08:56:11 PM
#5968   Yeah,,Right???? Looka like we know who sold the shares art35 09/23/16 08:06:58 PM
#5967   Damn! Pump and dump on Monday. This will TopKnotchTrades 09/23/16 07:28:44 PM
#5966   just copy and paste threewheeler 09/23/16 06:09:45 PM
#5965   Thanks! Mrzach3590 09/23/16 05:58:17 PM
#5964   Brought to you by Profitable Trader Authority threewheeler 09/23/16 05:50:02 PM
#5963   MONDAYS PUMP! THATS ALL! GL INTHEKNOW1 09/23/16 04:30:53 PM
#5962   Mind elaborating? What's this in reference to? Mrzach3590 09/23/16 04:12:43 PM
#5961   Profitabletraderauthority has been compensated for investor relations and INTHEKNOW1 09/23/16 04:09:38 PM
#5960   Volume is better. Price is worse. Woo! Mrzach3590 09/23/16 03:57:10 PM
#5959   Absolutely---plus another 12k -- art35 09/23/16 01:44:50 PM
#5958   Largest block of shares (35,000) I've seen traded Chris1 09/23/16 09:47:03 AM
#5957   This was literally just posted an hour ago. Mrzach3590 09/22/16 12:45:40 PM
#5956   $FTNW FTE Networks to Present at the SeeThruEquity $Pistol Pete$ 09/22/16 12:44:27 PM
#5955   FTE Networks to Present at the SeeThruEquity Fall Chris1 09/22/16 08:02:52 AM
#5954   We need more upside move. Let’s see if buzz_trader 09/20/16 11:03:48 PM
#5953   Yep! 105 shares traded. Almost $60 traded. Big TopKnotchTrades 09/16/16 07:11:25 AM
#5952   I think this is a very positive sign. buzz_trader 09/16/16 04:36:32 AM
#5951   You're right! Big volume today TopKnotchTrades 09/14/16 04:56:27 PM
#5950   Ya got 105 shares today, what are you swampboots 09/14/16 04:38:51 PM
#5949   If we get some good news and good buzz_trader 09/12/16 08:19:52 PM
#5948   Positive financials with a widespread PR. Mrzach3590 09/09/16 10:37:37 AM
#5947   We need some damn volume here. Bid at TopKnotchTrades 09/09/16 10:17:47 AM
#5946   3rd Quarter ends 9-30-16 and then I believe Chris1 09/08/16 03:09:03 PM
#5945   We're drifting lower and lower. When's the next quarterly? Mrzach3590 09/08/16 11:42:06 AM
#5944   Sounds good! Thanks for the update! needs to buzz_trader 09/05/16 08:41:26 PM
#5943   FTE Networks Launches New Government Services Vertical Chris1 08/31/16 08:15:14 AM
#5942   lol sorry the confusion. didn't noticed the year though! buzz_trader 08/31/16 03:17:39 AM
#5941   Very bumping and now looking at another 250,000 Chris1 08/26/16 12:18:03 PM
#5940   I think Buzz might be slightly confused... I Fatsachs 08/26/16 11:41:36 AM
#5939   Next leg UP? break 10 or into the Chris1 08/26/16 09:13:51 AM
#5938   Good try there BUT that was 2 years ago! Chris1 08/26/16 09:08:19 AM
#5937   So there's some update today! buzz_trader 08/26/16 04:28:09 AM
#5936   I think we are ready for the next buzz_trader 08/25/16 04:05:31 AM
#5935   rats! I saw it in my inbox ok,thankyou buccaneer1961 08/25/16 03:13:23 AM
#5934   We covered that yesterday. You got my hopes up. Mrzach3590 08/25/16 03:11:30 AM
#5933 buccaneer1961 08/25/16 03:10:24 AM
#5932   Post it then. Mrzach3590 08/25/16 03:09:02 AM
#5931   news out! buccaneer1961 08/25/16 03:02:10 AM