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FTE Networks Inc. (FTNW)

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Last Post: 5/25/2017 11:57:32 AM - Followers: 79 - 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: Quarterly Report (10-q) 05/25/2017 06:06:12 AM
FTNW News: Current Report Filing (8-k) 05/24/2017 09:30:01 AM
FTNW News: FTE Networks COO Lynn Martin Joins 29 Acres Board of Directors  NAPLES, FL, (May 19, 2017) – FTE Networks, Inc. (OTCQX: FT... 05/19/2017 09:23:42 AM
#6226   I guess they are doing this to get Scott12 05/25/17 11:57:32 AM
#6225   Yep, looks like they are sneaking in another TopKnotchTrades 05/25/17 09:44:16 AM
#6224   1:10 R/S filed with the NVSOS? DaReal 05/24/17 12:59:55 PM
#6223   hoping to see a run soon and start buzz_trader 05/24/17 12:16:02 AM
#6222   Jaroo, as best I can figure there are Ed Ajootian 05/20/17 11:37:14 AM
#6221   With the Purchase and the good news why Jaroo23 05/18/17 03:41:46 PM
#6220   buzz, for starters, hopefully they will get the Ed Ajootian 05/16/17 07:18:38 PM
#6219   A big update could really help! We all buzz_trader 05/15/17 12:11:23 AM
#6218   Jaroo, now that they have caught up on Ed Ajootian 05/11/17 05:25:26 PM
#6217   Gonna catch up some big moves on the buzz_trader 05/04/17 11:37:30 PM
#6216   Is FTNW a buy at this point? Jaroo23 05/01/17 08:31:30 AM
#6215   Must not be knocking to loud. Maybe next Chris1 04/28/17 02:16:04 PM
#6214   Opportunity is knocking, we're closer to victory lap! buzz_trader 04/27/17 01:40:58 AM
#6213   I expect more volatility, not sure why Flip2Retire 04/26/17 08:43:20 AM
#6212   $50mil in total notes, not sure what the tradeho 04/26/17 08:29:43 AM
#6211   I'll have to re-read it I saw convertible Flip2Retire 04/25/17 09:41:12 PM
#6210   Flip2, FTE issued a bunch of stock to Ed Ajootian 04/25/17 08:42:54 PM
#6209   Yeah I agree with you, reverse mergers often Flip2Retire 04/25/17 08:37:33 PM
#6208   The sellers only received $17M in cash. Ed Ajootian 04/25/17 08:34:42 PM
#6207   They probably bought someone's losing business. The "sellers Flip2Retire 04/25/17 07:00:22 PM
#6206   $386 Millions in revs last year, maybe it's $ B.M.F.$ 04/25/17 04:41:06 PM
#6205   It will be interesting to see the financial Chris1 04/25/17 03:25:49 PM
#6204   FTE Networks Acquires Benchmark Builders, Leading Construction Manager Chris1 04/25/17 11:44:41 AM
#6203   Thanks for the feedback. Chris1 04/25/17 11:42:57 AM
#6202   Chris, the best I can figure is the Ed Ajootian 04/23/17 09:21:05 AM
#6201   Still NO 10K? I wonder what's going on? Chris1 04/19/17 09:17:06 AM
#6200   Such a great statement there bud! Loading up buzz_trader 04/14/17 01:07:26 AM
#6199   Great to see this stock come roaring back, Ed Ajootian 04/11/17 09:29:13 PM
#6198   keeps triggers simple. Through simplicity you will find consistency! buzz_trader 04/03/17 11:14:51 PM
#6197   With no 10K filing and earnings PR having Ed Ajootian 03/30/17 07:36:07 AM
#6196 [ta Chris1 03/28/17 01:39:38 PM
#6195   JJ, just curious whether the dip here has Ed Ajootian 03/27/17 07:41:18 PM
#6194   Scott, if the reports are only good for Ed Ajootian 03/23/17 07:03:35 AM
#6193   See thru equities is hired to promote stocks TopKnotchTrades 03/22/17 07:30:23 AM
#6192   Yes, the link I provided is a bit Scott12 03/21/17 11:59:43 PM
#6191   Scott, your link looks outdated but in any Ed Ajootian 03/21/17 07:36:22 PM
#6190   Yeah, it sounds good(price target of $2.75), but Scott12 03/21/17 12:22:37 PM
#6189   Nice PR. Chris1 03/21/17 10:17:08 AM
#6188   Publicity is more important right now. Getting their buzz_trader 03/21/17 02:49:19 AM
#6187   Hard to figure why the Ladenburg guys are Ed Ajootian 03/19/17 08:14:05 PM
#6186   That's a great article Chris, thanks for sharing Ed Ajootian 03/14/17 07:08:15 PM
#6185   Nice article in the Naples news.[url Chris1 03/14/17 03:28:15 PM
#6184   FTE Networks Receives Additional Purchase Order Towards a Chris1 03/14/17 10:25:43 AM
#6183   More news! Another 10 million in contracts the Chris1 03/14/17 09:05:58 AM
#6182   on the spotlight! Awesomenessssss buzz_trader 03/12/17 10:04:49 PM
#6181   JJ, I didn't think that that many shares Ed Ajootian 03/12/17 07:52:36 PM
#6180   stocktrademan, good to hear that you think this Ed Ajootian 03/12/17 07:44:40 PM
#6179   FTNW hope this continues to go up. JJAAMMAANN 03/12/17 12:45:53 AM
#6178   FTNW bullish 1.00 stocktrademan 03/10/17 05:09:47 PM
#6177   Yes this certainly big news. Per the Ed Ajootian 03/09/17 10:09:33 PM