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Uhhhhhhmmmmm......from the SWAPP white paper......
Coincidence?
https://whitepaper.swapp.ee/general-properties
BP, but are crypto companies wholly valued on the market cap of its coin? I would assume there is more value to the company than just the coin.
I never said it was real or not. But look out if it was....
Additionally, thanks for your warm morning salutations.
$GVSI
Yes, 100% agreed. Since I am a newbie with Crypto, just wondering how those companies are valued.
And yes, Elon Muck wearing a SWAPP t-shirt brings the value way up.
Just checked. Not trade-able on Coinbase
Nice Steve. They are definitely serious about the Indian Smart City. Plans moving forward with great partners and discussions of serious investment.
$TPTW News:
https://www.accesswire.com/658904/TPT-Global-Tech-Inc-Agrees-To-Form-An-Exclusive-Joint-Venture-With-UM-Group-of-India-To-Design-Develop-and-Operate-a-Multi-Billion-Dollar-Industrial-Smart-City-in-Uttar-Pradesh
TPT Global Tech, Inc. Agrees To Form An Exclusive Joint Venture With UM Group of India To Design, Develop and Operate a Multi-Billion Dollar Industrial "Smart City" in Uttar Pradesh
Monday, August 9, 2021 8:00 AM
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Topic: Company Update
SAN DIEGO, CA / ACCESSWIRE / August 9, 2021 / TPT Global Tech, Inc. ("TPTW or TPT Global Tech") (OTCQB:TPTW) www.tptglobaltech.com headquartered in San Diego, California, a technology-based company with divisions providing telecommunications, medical technology, media content for domestic and international syndication as well as technology solutions, today announced it has executed an agreement to form a joint venture ("JV Formation Agreement") with UM Group (a US$ 250 Mn group) in India to jointly design, develop and operate an Industrial "Smart City" located in the State of Uttar Pradesh. The relationship of the parties under this JV Formation Agreement is intended to be exclusive and both parties will ensure that the definitive agreements along with SPV formation are completed within three to six months by which time both parties would have a better understanding of the overall valuation of the Smart City and other government approvals that will be required for the execution of the Smart City. TPT Global Tech responsibilities under the JV Formation Agreement include, among others, its intent to contribute by way of large investment by itself or investors of up to $100M, bring in technology partners and large OEMs from the US and other global markets and support with marketing and business development activities in general. The JV Formation Agreement shall remain valid for a period of five years.
UM Group has acquired a large land parcel of approx. 380-acres at Auraiya in the State of Uttar Pradesh in India. The land parcel is strategically located in an industrial corridor that provides immediate access to freeways, airports, ports, and a railway track extended up to the land parcel, along with access to power supply, water canal and gas supply. UM Group has invested approx. US$ 25 Mn to develop the basic infrastructure in the land parcel. Additionally, the State Government has spent approx. US$ 23 Mn in developing the infrastructure such as power, transportation, water etc. around the land by ensuring reliable access to logistics, power supply, water supply and gas supply facilities.
UM Group is a technology-driven, people-focused, equal opportunity group with operations in India with export operations to major global markets. For over two decades, UM Group has consistently held on to the initial idea of ethical business. The group aspires to explore, innovate, create, deliver and serve to fulfil the demand of the best International brands in their respective fields. With world-class engineering and manufacturing infrastructure, the group focuses on the Automotive, Engineering, Manufacturing, Power, Oil & Gas and Telecom sectors of the economy. International Joint Ventures have brought about an inherent multinational culture on the UM floor, with key collaborative efforts with Magneti Marrelli [Italy] for Auto Components and Technical Resources Est. of Al Bawardy Group in Dubai for Gensets, Tower Lights, Air Compressors, etc in the Middle East & African market. The Flagship Company of the UM Group, Unitech Machines Limited (UML) operates two distinct business divisions - Auto and Engineering with ISO 9001/14001 & TS-16949 Certification.
TPT Global Tech's Chairman & CEO, Stephen J. Thomas III said, "TPT Global Tech and UM Group are discussing the opportunities of joining hands to collaborate and cooperate for investment, design, development, operation and business development of an Industrial "Smart City" at this location in Auraiya in the State of Uttar Pradesh in India. The Industrial "Smart City" is intended to house a wide range of industries such as Aerospace & Defence Industry, Electronics & Information Technology Industry, Telecommunications & 5G Ecosystem Industry, R&D & Innovations Industry, IoT && Cyber Security Industry, Biotechnology Industry and Electric & Future Mobility Industry. Our efforts will start with discussions on developing the basic infrastructure, enabling infrastructure and core infrastructure that will support the various industries. Once the Industrial "Smart City" is ready, we intend to invite large players from various industries to initiate manufacturing, R&D and innovation within its confines."
Mr. Thomas further stated, "Our intent is that TPT will actively work with UM Group to deliver a world-class industrial "Smart City" that supports livability, workability and sustainability. We hope that "Smart City" will drive huge co-investments through these various industries. At TPT Global Tech, we have in-house capabilities across most industries that we have proposed under the pretext of the Industrial "Smart City" and I am eager to bring the latest technology, development and manufacturing to India and deliver such advancements to this project. With UM Group, we intend to discuss jointly developing the Smart City infrastructure and then develop multiple SPVs that will be set up with the respective technology partners and large OEMs. Activities under the JV Formation Agreement, we hope, will benefit in terms of equity and direct business from the additional SPVs formed together with multiple technology partners and large OEMs. This ‘Smart City' initiative is also intended to support and execute the vision of the Quad Leaders, reaffirming ‘The Spirit of the Quad' and its unity in a shared vision for a free and open Indo-Pacific."
UM Group's Chairman, Mr. Verinder Kumar Singh quoted, "UM Group is happy to partner with TPT Global Tech to jointly discuss developing the Industrial Smart City. Our earlier goal was to develop a small cluster focused around a specific industry however now along with TPT Global Tech we intend to have new objectives to develop a comprehensive smart city that will accommodate multiple industries. We are excited and hope that this smart city will give a new objective to the region. We believe3 there are huge economic and social benefits associated with this development. We anticipate multi-billion dollar projects to house themselves within the smart city when it is ready and believe this will create approx. 21,000 direct jobs and approx. 90,000 indirect jobs that will increase perpetually over the next decade."
Mr. Singh further quoted, "The location for the Industrial Smart City has great logistical support in terms of high capacity infrastructure, airports, railway connectivity, port connectivity, water canal, talented human capital from various industries and above all, strong support from the State Government and Central Government. We are proposing a single-window approval for all projects related to the Industrial Smart City including its development that will benefit us and many other partners within the ecosystem of the Industrial Smart City."
Major General John F. Wharton (US Army, Retd.), Member, Board of Advisors of TPT as well as Chairman of its Global Defence Division state, "We are ready with a full-fledged plan to develop Indigenous Technology, Research & Development for SMEs and start-ups. Through the Industrial Smart City, we wish to create an ecosystem across India that will rope in various SMEs and start-ups from across industries. Further, the forward and backward linkages that we plan to create, we believe, will facilitate smooth technology transfer, mass production and attractive buy-back contracts across sectors for India, the US and other global markets."
TPT Global Tech has appointed Khandwala Securities Limited as their financial advisors and investment bankers for promoting the India corporate initiative. Khandwala Securities brings over eight decades of financial advisory and investment banking experience in managing clients across India and global markets. KSL India has been consistently delivering exceptional results to their clients since 1934 in India, the US, Europe, the Middle East, Africa and South-East Asia.
Mr. Paresh J. Khandwala, Chairman & MD, Khandwala Securities Limited quoted, "We take pride in connecting clientele across global markets. We understood the vision and objective of TPT Global Tech's India Corporate initiative and their plan to set up a smart city in India. We are positive that both TPT Global Tech and UM Group will see their objectives and actions resonate with each other while developing the Industrial Smart City along with its technology innovation centres. TPT Global Tech intends to bring investments, technology and global partners to this platform which will take the Industrial Smart City to a global league. We will help both the companies in further developing this smart city and help introduce the right partners and vendors for various requirements who will establish business within the smart city. We believe t will also be a great investment opportunity for large Indian and global families to participate in future fundraisers through a wide range of businesses to be established within the Smart City."
Mr. Harnish Gajjar, Chief Strategy Officer & Country Director (India) for TPT Global Tech, Inc. said, "We believe we have a blueprint ready for the Industrial "Smart City" initiative including its design and development. We have carved out a detailed business model to operate the smart city professionally and profitably while featuring high-grade, high-precision and advanced industries, along with Smart Airports, Smart Hospitals, Smart Transportation, Smart Hotels. Our objective is to become a champion pacesetter promoting strategic capital orientation, major industry upgrades and innovation-based developments in the smart city. Over the next few months, we intend to work jointly with UM Group to discuss the initiation and completion of the various approvals related to the Industrial Smart City project and towards finalising the definitive agreement."
TPT Global Tech has a long-term global plan, a part of which it intends to unfold through this "Smart City" initiative over the next few years.
About TPT Global Tech, Inc.
TPT Global Tech, Inc. based in San Diego, California, is a technology-based company with divisions providing telecommunications, medical technology and product distribution, media content for domestic and international syndication as well as technology solutions. TPT Global Tech offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), and Cloud-based Unified Communication as a Service (UCaaS). It offers carrier-grade performance and support for businesses over its private IP MPLS fiber and wireless network in the United States. TPT's cloud-based UCaaS services allow businesses of any size to enjoy all the latest voice, data, media, and collaboration features in today's global technology markets. TPT Global Tech also operates as a Master Distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO) as a Master Distributor for Pre-Paid Cell phone services, Mobile phones Cell phone Accessories and Global Roaming Cell phones.
Contact:
Shep Doniger
561-637-5750
sdoniger@bdcginc.com
Frank Benedetto
619-915-9422
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Specifically, statements about the Company's plans for accelerated growth, improved profitability, future business partners, M&A activity, new service offerings, and pursuit of new markets are forward-looking statements. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. The information contained in such statements is beyond the ability of the Company to control, and in many cases, the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
SOURCE: TPT Global Tech, Inc.
Hahahahahahahahahhaa
$VITX education
So funny you mention that CJ. We drive to Hilton Head every year in early July for an annual family vacation. This year I noticed a huge increase in highway patrol presence in SC, where in past years there was almost none in SC and NC. And we've been going there every year for the past 30 years. Definitely a big change this year for some reason. Probably to increase revenues. Kinda like $TPTW revs gonna go boomy.
Straight from $TPTW IR:
"By far the largest initiative we have been involved in. General Wharton was directly involved in this event and it is legitimized by the oldest investment bank in India committing to funding it."
https://twitter.com/benedetto_frank/status/1415751619900215296?s=20
Holy Crap!
Now who was beating up on bringing the general on board????
$TPTW
Hmmmmm.....
An investment bank is willing to invest $100mil with a company whose market cap is $12mil. TO me, that screams of value and a valuation adjustment will be incoming.
$TPTW
I freakin' love it CJ!!!
$TPTW
Holy Catalyst!!!!! $100mil investment?
$TPTW
Hmmmm:
Market cap ~= Revenues =====Value
$TPTW
He said on the call LC, I just forget.
Important thing is this indicates that if the merger isn’t done already, Barry is comfortable enough to take hold of the control block, and it will be done soon.
New sheriff in town:
Barry now owns control block:
https://backend.otcmarkets.com/otcapi/company/financial-report/290871/content
To be fair, this not the first time someone has exposed themselves during a $VITX call.
A couple months ago I was on one of the Tuesday calls and one of the viewers had his camera on pointed at himself and was getting out of the shower. Kudos to him for multitasking, showering, and listening to the call. But damn, triple check to make sure that camera is off before streaming your ass (literally) to the world.
$VITX
I always like the way you think CJ.
$TPTW
More TPTW News!!!
TPT Global Tech, Inc. Welcomes Mr. Harnish Gajjar as Chief Strategy Officer and Country Director (India)
https://www.accesswire.com/653526/TPT-Global-Tech-Inc-Welcomes-Mr-Harnish-Gajjar-as-Chief-Strategy-Officer-and-Country-Director-India
TPT Global Tech, Inc. Welcomes Mr. Harnish Gajjar as Chief Strategy Officer and Country Director (India)
Tuesday, June 29, 2021 9:00 AM
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Topic: Management Changes
Mr. Gajjar is a senior professional in business development, corporate finance and business strategy and brings over 16 years of valuable experience gained within the US, the UK, India, and Canada
SAN DIEGO, CA / ACCESSWIRE / June 29, 2021 / TPT Global Tech Inc. ("TPTW or TPT Global Tech") (OTCQB:TPTW) www.tptglobaltech.com based in San Diego, California, a technology-based company with divisions providing telecommunications, medical technology, media content for domestic and international syndication as well as technology solutions, today announced that Mr. Harnish Gajjar has joined TPT Global Tech, Inc. as the Chief Strategy Officer and Country Director (India).
Mr. Gajjar's experience includes a mélange of activities conducted and spearheaded with the sole objective of optimally catalyzing the expertise in Multi-Family Office Advisory, Commercial Banking, HNI Retail Banking, Investment Management, Business Strategy, Corporate Finance & Planning, Project & Program Management, Business Development, Marketing, and Operations.
As Chief Strategy Officer and Country Director (India), Mr. Gajjar will be working closely with the Chairman & CEO and other senior leaders within the Company. Mr. Gajjar's main responsibilities will be to focus on group strategy, business revenue, investor relations, strategic initiatives, international expansion, and ensuring that the Company meets its objectives and delivers better shareholder value.
Mr. Gajjar's corporate exposure includes global corporations while his sector experience includes Financial Services (HNI Retail Banking, Commercial Banking, Investment Management and Multi-Family Office), Technology, Media & Entertainment, Energy, Infrastructure, Education, Healthcare, Hospitality, Aerospace & Defence and High Street Retail. He has designed, led and managed over 170 projects while he has successfully implemented over 75 tech and non-tech global projects across clients such as Disney, Lionsgate, Arnold Palmer Group, Facebook, Kennedy Space Centre (NASA), TD Garden Boston, Tim Hortons, Taco Bell, Kelsey's, DNC, IDB Group, TPT Global Tech, Tata Trusts, Biocon, Dr. Reddy's, Torrent Group, Zydus Group and other public & private clients globally.
TPT Global Tech's Chairman & CEO Stephen J. Thomas III quoted, "Harnish is a young and dynamic leader and we wanted someone like him to help us with our objectives at the HQ as well as across markets like India. We are excited about our plans in India and Harnish is going to help us with this expansion as the Group Chief Strategy Officer and Country Director (India)."
Mr. Harnish Gajjar said, "I am glad to be a part of TPT Global Tech team and excited to work with Stephen and other TPT Global Tech leaders across global markets. We are laying down the foundation for a global enterprise and initiating the India operations is the beginning of a new era for TPT Global Tech in South Asia. Stephen has some very interesting ideas about the East and we are putting that into motion with our India corporate initiative. India is a huge market that offers an excellent opportunity to expand the current businesses under TPT Global Tech. I am excited to play a dual role as the Chief Strategy Officer and Country director India and work closely with the senior leadership in the US while taking on the P&L and operational responsibility for the India operations."
Mr. Gajjar has pursued the Senior Executive Programme from London Business School (London, UK), Master of Business Administration from University of East London (London, UK) and Bachelor of Science (Physics) from the University of Mumbai (Mumbai, India). Mr. Gajjar is an alumnus of London Business School (London, UK), University of East London (London, UK), University of Mumbai (Mumbai, India) and a Fellow of the Chartered Management Institute (London, UK).
About TPT Global Tech, Inc.
TPT Global Tech Inc. based in San Diego, California, is a technology-based company with divisions providing telecommunications, medical technology and product distribution, media content for domestic and international syndication as well as technology solutions. TPT Global Tech offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS). It offers carrier-grade performance and support for businesses over its private IP MPLS fiber and wireless network in the United States. TPT's cloud-based UCaaS services allow businesses of any size to enjoy all the latest voice, data, media, and collaboration features in today's global technology markets. TPT Global Tech also operates as a Master Distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO) as a Master Distributor for Pre-Paid Cell phone services, Mobile phones Cell phone Accessories and Global Roaming Cell phones.
For more information about how TPT Global Tech's technologies and to schedule a call with CEO Stephen Thomas or Major General Wharton, please contact Shep Doniger at 561-637-5750 and sdoniger@bdcginc.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Specifically, statements about the Company's plans for accelerated growth, improved profitability, future business partners, M&A activity, new service offerings, and pursuit of new markets are forward-looking statements. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. The information contained in such statements is beyond the ability of the Company to control, and in many cases, the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
SOURCE: TPT Global Tech, Inc.
SleepX Tweet this morning:
SleepX Ltd.
@SleepXclear
·
2h
$apyp
Many thanks to Todd Violette for the warm words at the shareholders meeting, for the detailed and professional explanation, and for answering all the investors questions!
We hope that we will continue to deepen our cooperation in order to bring our products to market soon
$apyp
— AppySleep (OTCQB: APYP) (@SleepXclear) June 29, 2021
Many thanks to Todd Violette for the warm words at the shareholders meeting, for the detailed and professional explanation, and for answering all the investors questions!
We hope that we will continue to deepen our cooperation in order to bring our products to market soon
Yes, I like that part too. But love that they are going to leverage the General's connections.
I like this part:
"...under the leadership of Major General John F. Wharton..."
TPTW NEWS!!!!
TPT Global Tech Inc. gears up expansion plans for India under the leadership of Major General John F. Wharton (US Army, Ret.) who is a part of the Company's Board of Advisors and President of its Global Defence Division
https://www.accesswire.com/653331/TPT-Global-Tech-Inc-Announces-India-Expansion-Plans
TPT Global Tech, Inc. Announces India Expansion Plans
Monday, June 28, 2021 9:20 AM
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Topic: Company Update
TPT Global Tech Inc. gears up expansion plans for India under the leadership of Major General John F. Wharton (US Army, Ret.) who is a part of the Company's Board of Advisors and President of its Global Defence Division
SAN DIEGO, CA / ACCESSWIRE / June 28, 2021 / TPT Global Tech Inc. ("TPTW or TPT Global Tech")(OTCQB:TPTW) www.tptglobaltech.com based in San Diego, California, a technology-based company with divisions providing telecommunications, medical technology, media content for domestic and international syndication as well as technology solutions, today announced its expansion plans for India. This expansion will be led by Major General John F. Wharton (US Army, Ret.) who sits on the Board of Advisors of the Company as well as President of its Global Defence Division.
"Our India operations will focus around sectors such as Smart Cities, Aerospace & Defence, Electronics, FutureTech, BioTech and beyond. The power of our advanced technologies combined with our market intelligence capabilities will enable us to establish our businesses firmly in the East," said TPT Global Tech Chairman & CEO Stephen J. Thomas III. "We have access to advanced tools for better collaboration and productivity along with customer engagement strategies through our products and services that can generate data-based insights for effective penetration leading to better value for our shareholders. Major General Wharton has strong relationships that will allow us to build lasting and revenue-enhancing partnerships in India which is our immediate focus in the international market."
Major General Wharton added, "The expansion in India comes at a prudent time. We have products and services that resonate well with the immediate needs. Additionally, our expertise across various sectors will enable TPT Global Tech to build a long-term business in this huge market. I am excited to execute multiple projects that the company has been planning for a while now. Our focus will be on building new business along with delivering value across sustainable goals in India."
About TPT Global Tech, Inc.
TPT Global Tech Inc. based in San Diego, California, is a technology-based company with divisions providing telecommunications, medical technology and product distribution, media content for domestic and international syndication as well as technology solutions. TPT Global Tech offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS). It offers carrier-grade performance and support for businesses over its private IP MPLS fiber and wireless network in the United States. TPT's cloud-based UCaaS services allow businesses of any size to enjoy all the latest voice, data, media, and collaboration features in today's global technology markets. TPT Global Tech also operates as a Master Distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO) as a Master Distributor for Pre-Paid Cell phone services, Mobile phones Cell phone Accessories and Global Roaming Cell phones.
For more information about how TPT Global Tech's technologies and to schedule a call with CEO Stephen Thomas or Major General Wharton, please contact Shep Doniger at 561-637-5750 and sdoniger@bdcginc.com. For IR questions, please contact Frank Benedetto at 619-915-9422.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Specifically, statements about the Company's plans for accelerated growth, improved profitability, future business partners, M&A activity, new service offerings, and pursuit of new markets are forward-looking statements. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. The information contained in such statements is beyond the ability of the Company to control, and in many cases, the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
SOURCE: TPT Global Tech, Inc.
Gotcha, thank you
Hey Chief, been here all along. Always nice to see you and glad you are back in.
The fact they have to cover is fantastic and an added bonus to getting bonus shares in the new division.
One question I have, though, is this going to be spun off, and if so, that reduces the market cap of TPTW and thus makes meeting uplisting requirements more difficult?
Regardless, I am sure details will be uncovered as we go along.
And many thanks for sharing CJ.
P.S. A North End gal like you gonna go to PA for fireworks? Blasphemy! LOL
Thats great news CJ!
Not to mention, complaining about people sitting on the bid, while you are sitting on the bid, is not a good look.
$VITX
Been watching, but only working with Level II and not Level 200
MERGER! DIVIDEND!
$TPTW!
Whoa!!! NEWS!
https://www.accesswire.com/652665/TPT-Global-Tech-Subsidiary-Signs-Merger-Agreement-with-Education-System-Management-Which-Merged-Company-Will-Specialize-in-Behavioral-Health-and-Telemedicine
TPT Global Tech Subsidiary Signs Merger Agreement with Education System Management Which Merged Company Will Specialize in Behavioral Health and Telemedicine
Tuesday, June 22, 2021 11:05 AM
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Topic: Mergers and Acquisitions
TPT Global Tech and TPT MedTech Subsidiary and EDSM merger will focus on technology, med-tech and behavioral health serving communities in need with TPT shareholders receiving subsidiary stock as a dividend
SAN DIEGO, CA / ACCESSWIRE / June 22, 2021 / TPT Global Tech, Inc. ("TPTW" or the "Company") (OTCQB:TPTW) today announced its subsidiary, TPT Strategic ("TPT Strategic" OTCBB: INOQ) has signed a merger agreement with Education Systems Management, LLC ("EDSM") to create a merged public entity. As previously promised, it is the intent that current TPT shareholders will receive TPT Strategic stock as a dividend after the merger is complete and appropriate shares are registered with the SEC under a registration rights agreement. TPT Strategic will become a non controlling interest to TPTW after the merger. In addition, both parties will enter into a software development and licensing agreement for the development of a standalone backend and front-end telemedicine technology platform which is not to exceed $3.5M in cost. Currently, EDSM has approximately $4 million in revenue and is profitable. Closing is expected on or before August 1, 2021.
As was first announced, each company will bring to the new entity the ability to market an array of products and services across the country that will include, but are not be limited to, consulting and medical staffing for TPT MedTech's QuikLAB™ and QuikPASS™ infrastructure build out for proposed strategic testing through its high complexity laboratories. Beyond that, the new entity will provide testing, research and development for COVID-19 and other infectious diseases, Pharmocogenics (PGx), and Toxicology to include just a few. Additionally, there will be a focus on Primary Care, Specialized Subspecialties such as Behavioral Health, School Based Health Care with Mental Health monitoring via High Tech POS/EHR Streamlined Systems around the nation. The newly merged business has also pledged to support a higher research contribution and more testing for Sickle Cell.
In merging its subsidiary with Education System Management, TPT will be aligning itself with one of the nation's most prominent citizens and a universally revered community leader, Dr. Carroll Harrison Braddy. Dr. Braddy is the CEO and Founder of EDSM which is the parent company of National Youth Placement Corporation www.nationalyouthplacement.org, an organization dedicated to assisting at-risk youth through evidenced-based programs and providing comprehensive treatments for these adolescents. Specifically, Dr. Braddy's specialty is in behavioral health and addiction disease.
"TPT Global and its subsidiaries are always seeking symbiotic relationships that play to our core strengths that bolster shareholder value. This merger is a perfect example of just that and we are very pleased to keep our promise and intent to deliver the TPT Strategic share dividends to our TPT Global Tech Shareholders," said Stephen Thomas, Chairman & CEO of TPT Global Tech. "We hold much promise for this relationship given that EDSM founder Dr. Braddy is among the most highly respected leaders in the country for his work in Behavioral Science and Juvenile Justice as well as Restorative Reform. The new entity will be perfectly positioned to capitalize on his experience and connections."
As a leading Behavioral Scientist, Dr. Braddy developed one of the first Intensive Residential Treatment Facilities-ASAM 3.5(American Society of Addiction Medicine) for adolescents in Georgia. The facility is accredited with two locations, and several outpatient clinics. Dr. Braddy's philanthropic efforts are centered on children with special needs, autism research, neuroscience, global education and urban city revitalization. Managing assets in the tens-of-millions, Dr. Braddy, who has dedicated so much of his professional career to serving at-risk citizens, particularly urban youth, desires is to continue his work in community development, implementing and building treatment facilities throughout the country for behavioral health and addiction treatment. He currently, serves on several non-profit boards, governmental administrative boards and serves as a senior expert consultant for local and state government. EDSM has been studied by the University of Utah which resulted in a white paper showing ESM as one of the nation's most comprehensive treatment programs in a national comparative analysis. In addition to expanding TPT's reach, we know that working closely and in coordination with Dr. Braddy and his team further illustrates our commitment to helping all communities, particularly underserved communities, in the State and across the country."
"I'm excited about such a strong merger. At EDSM, we believe in the power of serving humanity. This merger will address behavioral heath and science breakthroughs through the use of artificial technology, laboratory medicine, substance abuse treatment and education, just to name a few. Our research division and development teams will collaborate together to immediately begin to solve many of the needs that will globally impact our people all around the world. To this regard, EDSM will remain faithful to its call; to serve humanity and speak for the unspoken," said Carroll Harrison Braddy, MD, DBH MBA and CEO of Education System Management of Atlanta.
About TPT Global Tech
TPT Global Tech Inc. (TPTW) based in San Diego, California, is a technology-based company with divisions providing telecommunications, medical technology and product distribution, media content for domestic and international syndication as well as technology solutions. It's TPT MedTech subsidiary is a provider of Covid/Health testing services on a global scale and its industry-leading platforms are helping travelers get back to travel, events take place and generally speaking helping life get back to a new normal. TPT Global Tech offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS). It offers carrier-grade performance and support for businesses over its private IP MPLS fiber and wireless network in the United States. TPT's cloud-based UCaaS services allow businesses of any size to enjoy all the latest voice, data, media and collaboration features in today's global technology markets. TPT Global Tech also operates as a Master Distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO) as a Master Distributor for Pre-Paid Cell phone services, Mobile phones Cell phone Accessories and Global Roaming Cell phones.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Specifically, statements about the Company's plans for accelerated growth, improved profitability, future business partners, M&A activity, new service offerings, and pursuit of new markets are forward-looking statements. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. The information contained in such statements is beyond the ability of the Company to control, and in many cases, the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
Shep Doniger
561-637-5750
sdoniger@bdcginc.com
IR-Frank Benedetto
619-915-9422
SOURCE: TPT Global Tech, Inc.
Whoa Nelly!!! Too early on the brain. LOL
"BWTHDIK"
I had to work out that puzzle you left me CJ. Takes me a bit......
Feels like I was trying to figure out the puzzle on the bottom of a Heffereffer bottle cap.
$TPTW
Well, something is definitely up:
Frank Benedetto
@benedetto_frank
·
12m
$TPTW
Going to bring it today.
https://twitter.com/benedetto_frank/status/1407330434736922634?s=20
Whales buying, Frank's tweeting, CJ's back....
Loving it!
$TPTW
Oh hell yes!
They transfer. Just hold.
Verb’s message to Bamuser:
Anything you can do I can do better.
I can do anything better than you.
No you can’t
Yes I can
No you can’t
Yes I can, Yes I can, Yes I can
$VERB