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Digerati Technologies, Inc. (DTGI)

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DTGI SECURITY DETAILS

Share Structure

Market Cap Market Cap
13,536,843
04/04/2022
Authorized Shares
500,000,000
04/04/2022
Outstanding Shares
139,988,039
04/04/202
Float
78,121,878
04/04/2022
 

Digerati Closes Acquisition of NextLevel Internet

8:30 am ET February 8, 2022 (Globe Newswire) Print

- Expands Reach of Digerati's Cloud Communications and Broadband Solutions To Include Strong West Coast Presence, Specifically California -

- Expected to be Accretive to Earnings and Add Over $13 Million in Annual Revenue, Increasing Digerati's Consolidated Annualized Revenue to $31.5 Million -

- Derek M. Gietzen, President of NextLevel Internet, Joins the Digerati Executive Management Team -

Digerati Technologies, Inc. (OTCQB: DTGI) ("Digerati" or the "Company"), a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the small to medium-sized business ("SMB") market, is pleased to announce the completion of the acquisition of San Diego-based NextLevel Internet, Inc. ("NextLevel"), a leading provider of cloud communication and broadband solutions tailored for the SMB market.

The acquisition of NextLevel expands the Company's growing nationwide footprint and adds a strong West Coast presence with nearly 1,000 SMB clients in California. On a consolidated basis and as a result of this acquisition, Digerati's operating subsidiaries will now serve over 4,000 business customers and approximately 45,000 users. With the acquisition of NextLevel and based upon annualized results for the quarter ending October 31, 2021, the Company expects its operating subsidiaries in the aggregate will generate approximately $31.5 million in annual revenue. In addition, the NextLevel acquisition is expected to have a positive impact on the consolidated EBITDA and operating income of the Company during FY2022.

"We're excited about the NextLevel transaction, our largest acquisition to-date, that delivers scale as we continue working towards our corporate goal of uplisting to Nasdaq or NYSE American," said Arthur L. Smith, Chief Executive Officer of Digerati. "By uniting our companies' shared vision of providing exceptional client experiences and an amazing corporate culture, we will be well positioned to continue executing on our growth strategy. We particularly like the success and expertise that NextLevel brings in the area of broadband services and the delivery of digital oxygen to the business market."

Derek Gietzen, President of NextLevel, stated, "We could not have found a better partner than the Digerati Team. We are excited about the synergies that exist across the operating subsidiaries and all of the future opportunities this business combination provides for the NextLevel Team."

Digerati also announced that Derek M. Gietzen, current President of NextLevel, will remain in that role with the Company and join the Digerati Executive Management Team. Mr. Gietzen is an experienced 20-year telecommunications executive with a track record of managing successful high-growth companies. In addition to achieving consistent double-digit growth at NextLevel, Mr. Gietzen's passion for creating amazing corporate cultures led NextLevel to being recognized as a certified 'Great Place to Work in the U.S.' for each of the last three years.

Mr. Smith commented about the addition of Mr. Gietzen to the Executive Management Team, "Derek is an inspirational leader who is perfectly aligned with our core values and brings the added skills necessary for us to successfully execute on our business plan and on-going M&A strategy. We are confident his contribution will enhance our ability to deliver on our corporate goals and assist us with creating long-term shareholder value."

QAdvisors, a TMT global investment banking boutique, acted as the financial advisor to NextLevel.

About NextLevel Internet, Inc.

NextLevel Internet is a leading provider of cloud-based Unified Communications and Collaboration ("UC&C"), Contact Center, and Managed Connectivity services. Founded in 1999 and headquartered in San Diego, California, NextLevel offers a full suite of UCaaS services nationwide and operates a high-capacity broadband network with extensive reach and a multi-carrier infrastructure. NextLevel is known for providing amazing client experiences with its managed installation process, backed by a team of experienced engineers and project managers, and its high-touch Client Support and in-house, live-answer tech support representatives.

About Digerati Technologies, Inc.

Digerati Technologies, Inc. (OTCQB: DTGI) is a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the business market. Through its operating subsidiaries T3 Communications (T3com.com), Nexogy (Nexogy.com), SkyNet Telecom (Skynettelecom.net) and NextLevel Internet (nextlevelinternet.com), the Company is meeting the global needs of small businesses seeking simple, flexible, reliable, and cost-effective communication and network solutions including cloud PBX, cloud telephony, cloud WAN, cloud call center, cloud mobile, and the delivery of digital oxygen on its broadband network. The Company has developed a robust integration platform to fuel mergers and acquisitions in a highly fragmented market as it delivers business solutions on its carrier-grade network and Only in the Cloud(TM). For more information, please visit www.digerati-inc.com and follow DTGI on LinkedIn, Twitter and Facebook.

Facebook: Digerati Technologies, Inc.
Twitter: @DIGERATI_IR
LinkedIn: Digerati Technologies, Inc.

Investors:

The Eversull Group
Jack Eversull
jack@theeversullgroup.com
(972) 571-1624

ClearThink
Brian Loper
bloper@clearthink.capital
(347) 413-4234

DTGI
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PostSubject
#6838  Sticky Note Latest News on Digerati - since the mods notablecalls 02/28/21 09:04:14 PM
#8232   NICE TO SEE WERE HOLDING A DIME AGAIN.......... TEFFSTER 05/16/22 08:04:55 PM
#8231   These Noble ratings and buy recommendations have literally SC777 05/16/22 12:38:16 PM
#8230   https://www.channelchek.com/news-channel/id/Lwde18qE2g Jefe2 05/16/22 10:27:16 AM
#8229   Lol- hopefully not for long SC777 05/13/22 01:08:46 PM
#8228   https://www.youtube.com/watch?v=K8E_zMLCRNg JACKPOT 05/13/22 11:54:26 AM
#8227   https://lnkd.in/g_RTguuN Jefe2 05/12/22 11:39:44 AM
#8226   Crypto $$$ might be coming in here soon. IMO JACKPOT 05/11/22 12:36:52 PM
#8225   This is a really, really bad OTC market SC777 05/11/22 12:33:03 PM
#8224   Noble Financial Thinks Digerati Technologies’ Stock is Going JACKPOT 05/11/22 10:29:33 AM
#8223   As crappy as this market & sector is JACKPOT 05/11/22 09:34:26 AM
#8222   Not much you can do in this type SC777 05/09/22 02:56:07 PM
#8221   https://investorshub.advfn.com/uimage/uploads/2022/5/6/efmbdMoJo.png JACKPOT 05/06/22 01:23:57 PM
#8220   Today after the bell? Million dollar question :). JACKPOT 05/06/22 12:27:53 PM
#8219   They're waiting to exhume John Hancock 1st. JACKPOT 05/05/22 11:17:44 AM
#8218   S-1 needs to be filed ASAP. Not SC777 05/05/22 11:12:49 AM
#8217   For crying out loud… Jefe2 05/05/22 10:42:06 AM
#8216   https://www.youtube.com/watch?v=l3fZuW-aJsg JACKPOT 05/05/22 10:32:38 AM
#8215   .06s. W.T.F. SC777 05/05/22 10:18:44 AM
#8214   Markets are WAY up today, DTGI back down SC777 05/04/22 03:39:36 PM
#8213   One ask slap takes it over .10 SC777 05/03/22 11:23:23 AM
#8212   We're very close my friend. IMO JACKPOT 05/03/22 11:22:57 AM
#8211   CFGN market maker has completely left the box SC777 05/03/22 11:10:05 AM
#8210   Looks like Company was forthright with the "no SC777 05/03/22 08:55:16 AM
#8209   He sold 125K into the bid then moved SC777 05/02/22 10:02:49 AM
#8208   How do you know? Jefe2 05/02/22 10:01:11 AM
#8207   https://investorshub.advfn.com/uimage/uploads/2022/5/2/cgtfy88cdfa9afc25431 JACKPOT 05/02/22 09:53:50 AM
#8206   CFGN seller just finished SC777 05/02/22 09:52:50 AM
#8205   REALLY GOING NASDQ? BEEN HEARING THAT FER 3 TEFFSTER 05/01/22 08:07:45 AM
#8204   If anyone is thinking about buying DTGI...gotta smack JACKPOT 04/29/22 03:36:33 PM
#8203   Review the Finra site sometime to see the Jefe2 04/29/22 03:01:54 PM
#8202   I wish the stupid fucen regulators would listen Tiger Money 04/29/22 02:36:05 PM
#8201   Of course it will with DTGI....going to NASDAQ Bye-Bye OTC/pennyland JACKPOT 04/29/22 02:12:52 PM
#8200   The default answer always seems to be massive cashmagnet 04/29/22 01:47:55 PM
#8199   Anything? Buehler? Buehler? SC777 04/29/22 01:45:32 PM
#8198   Hopefully by tomorrow JACKPOT 04/28/22 03:43:42 PM
#8197   NASDAQ is up nearly 4% today, these guys SC777 04/28/22 03:29:55 PM
#8196   CFGN still dishing out shares and not moving SC777 04/28/22 03:24:59 PM
#8195   Added again JACKPOT 04/28/22 03:23:04 PM
#8194   Can we get this past .08 cents? SC777 04/28/22 01:22:18 PM
#8193   Looks like Noble expects a run-up before the JACKPOT 04/28/22 11:18:52 AM
#8192   Noble Financial Thinks Digerati Technologies’ Stock is Going SC777 04/28/22 10:42:16 AM
#8191   https://stocktwits.com/Momentumgoesup/message/455396578 Jefe2 04/28/22 09:53:09 AM
#8190   Seller still going looks like SC777 04/27/22 11:24:20 AM
#8189   Just added more JACKPOT 04/27/22 11:21:52 AM
#8188   CFGN still doing his weird thing, whoever is SC777 04/22/22 03:45:51 PM
#8187   I bought more today JACKPOT 04/22/22 03:44:22 PM
#8186   WOW :-( STILL PARKED HERE AND STILL IN TEFFSTER 04/21/22 05:56:23 PM
#8185   CFGN getting fiesty SC777 04/20/22 01:13:45 PM
#8184   Less resistance on the way up. SC777 04/20/22 11:34:32 AM
#8183   Trying to shake out as many as possible JACKPOT 04/20/22 11:33:08 AM
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