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Last Post: 12/13/2018 1:17:46 PM - Followers: 92 - Board type: Free - Posts Today: 4


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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News News Alert: Statement of Changes in Beneficial Ownership (4) 12/13/2018 06:53:42 PM
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#6896   Bloomberg Business Scammers Used SeekingAlpha for Bogus Stock Promotions, BenjaminGrossbaum 12/13/18 01:17:46 PM
#6895   Quit the lies, those are not convertible. Highly ValueInvestor2017 12/13/18 11:31:50 AM
#6894   Ouch! That’s gonna hurt. TopKnotchTrades 12/13/18 10:29:07 AM
#6893   $100M in Convertible Notes Payable; $65M due within BenjaminGrossbaum 12/13/18 08:25:27 AM
#6892   This FTE management has been losing money in BenjaminGrossbaum 12/12/18 06:27:13 AM
#6891   Just because they want to refi, doesn’t mean BenjaminGrossbaum 12/11/18 09:07:32 AM
#6890   Material insider information? No? Maybe you should do ValueInvestor2017 12/11/18 08:55:48 AM
#6889   FTE’s CrossLayer™ to Install Advanced Data Network in ValueInvestor2017 12/11/18 08:53:19 AM
#6888   Do you have material inside information? BenjaminGrossbaum 12/11/18 08:49:53 AM
#6887   Thank god you realised the fact that you ValueInvestor2017 12/11/18 08:47:56 AM
#6886   If they’re voting they’re outstanding. I didn’t notice BenjaminGrossbaum 12/11/18 08:46:14 AM
#6885   Look at the past K's and Q's they ValueInvestor2017 12/11/18 08:05:47 AM
#6884   This is actually becoming hilarious. The preferred stock ValueInvestor2017 12/11/18 07:53:36 AM
#6883   Options yes; preferred no. Share count has gone BenjaminGrossbaum 12/10/18 11:04:42 PM
#6882   Options yes; preferred is not BenjaminGrossbaum 12/10/18 11:00:30 PM
#6881   Aren't the stock options at a higher exercise price? aniltotrade 12/10/18 07:51:31 PM
#6880   18M?!!! As of the Record Date, there BenjaminGrossbaum 12/10/18 06:15:18 PM
#6879   As of Nov. 23: As of the Record BenjaminGrossbaum 12/10/18 06:14:04 PM
#6878   14m shares out as of the end of BenjaminGrossbaum 12/10/18 05:26:12 PM
#6877   How can you defend a company that increases BenjaminGrossbaum 12/09/18 06:34:18 PM
#6876   Read the income statement from their 10q - BenjaminGrossbaum 12/09/18 05:43:42 PM
#6875   M not K. I said the operating profit BenjaminGrossbaum 12/09/18 05:37:31 PM
#6874   I said the operating profit is -$2k/q - BenjaminGrossbaum 12/09/18 05:36:10 PM
#6873   Funny how you "fake" the facts - In ValueInvestor2017 12/09/18 05:02:34 PM
#6872   The stock has gone down 75% but the BenjaminGrossbaum 12/09/18 09:25:48 AM
#6871   you’ll know the shorts have not turned long BenjaminGrossbaum 12/09/18 09:19:28 AM
#6870   Your financial math is not correct. Real EBITDA BenjaminGrossbaum 12/09/18 09:09:38 AM
#6869   They may not have been the best to ValueInvestor2017 12/09/18 02:56:36 AM
#6868   You make valid points. IF REAL management common_cents 12/08/18 10:08:21 PM
#6867   Don't caught like a fool. Shorting at these ValueInvestor2017 12/08/18 09:15:41 PM
#6866   Awesome, Thanks! I will try to short TopKnotchTrades 12/08/18 04:21:57 PM
#6865   Interactive and TD - will let u put BenjaminGrossbaum 12/08/18 02:37:47 PM
#6864   Do you know any brokerages that will let TopKnotchTrades 12/08/18 11:11:20 AM
#6863   Thanks CC! They have 18months when $50m comes BenjaminGrossbaum 12/07/18 11:16:57 AM
#6862   You are correct. If you look at common_cents 12/07/18 11:01:52 AM
#6861   The EBITDA is phony number - that’s why BenjaminGrossbaum 12/07/18 10:17:43 AM
#6860   I’m not paid to bash it. But I BenjaminGrossbaum 12/07/18 10:10:31 AM
#6859   Exactly you're paid to bash the stock, probably ValueInvestor2017 12/07/18 09:58:09 AM
#6858   It such a perfect short, I can’t believe BenjaminGrossbaum 12/07/18 08:45:08 AM
#6857   It’s a perfect short! I’m impatient. BenjaminGrossbaum 12/07/18 08:29:36 AM
#6856   So did you lose your job with them zagdad 12/07/18 01:51:34 AM
#6855   There’s nothing to learn. This company has huge BenjaminGrossbaum 12/06/18 10:37:44 PM
#6854   Yes still holding all shares. Any thoughts on buzz_trader 12/05/18 08:40:24 PM
#6853   Their salaries are indirectly paid from the proceeds BenjaminGrossbaum 12/03/18 05:35:41 PM
#6852   CEO & CFO bought 1,000 and 5,000 shares ValueInvestor2017 12/03/18 03:41:23 PM
#6851   Why would you want to help the stock BenjaminGrossbaum 12/02/18 04:09:07 PM
#6850   Ya, I think most people saw through it. TopKnotchTrades 12/02/18 01:12:15 AM
#6849   Had to. Trying to stop the downward big orange 12/01/18 09:08:29 AM
#6848   BS! buying is being sucked into the black BenjaminGrossbaum 11/30/18 01:13:48 PM
#6847   Wow! CEO, Michael Palleschi just grabbed another 10,000 ValueInvestor2017 11/29/18 04:12:23 PM