FTE Networks Announces Uplisting to NYSE American
8:30 am ET December 11, 2017 (Globe Newswire) Print
FTE Networks, Inc. (OTCQX:FTNW) ("FTE" or the "Company"), a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and buildings, today announced that its common stock has been approved for listing on the NYSE American. The Company's common stock will begin trading on the NYSE American exchange under its current symbol, "FTNW," at the open of trading on December 14, 2017. The Company's common stock will continue to trade on the OTCQX until the close of the market on December 13, 2017.
"We are extremely excited to achieve this pivotal milestone in our history as a public company. We believe that our uplisting to the NYSE American, combined with the integration of Benchmark Builders, Inc. and the launch of CrossLayer, Inc., is a reflection of our ongoing commitment to create long-term shareholder value," said Michael Palleschi, President and CEO of FTE Networks.
Mr. Palleschi continued, "Uplisting to the NYSE American will allow us to communicate the Company's progress to a broader audience and enable us to expand and diversify our shareholder base. We believe we are now better positioned to enhance stock liquidity and attract a broader range of institutional investors. We continue to advance our strategy to develop new growth opportunities across our complementary businesses and are optimistic about our prospects heading into 2018 and beyond."
About FTE Networks, Inc.
FTE Networks, Inc. ("FTNW"), is a leading provider of innovative technology-oriented solutions for smart platforms, network infrastructure and buildings. FTE's three complementary businesses are FTE Network Services, CrossLayer, Inc. and Benchmark Builders, Inc. Together they provide end-to-end design, build and support solutions for state-of-the-art networks and commercial properties to create the most transformative smart platforms and buildings. FTE's businesses are predicated on smart design and consistent standards that reduce deployment costs and accelerate delivery of innovative projects and services. The Company works with Fortune 100/500 companies, including some of the world's leading communications services providers. FTE Networks and its subsidiaries support multiple services, including Data Center Infrastructure, Fiber Optics, Wireless Integration, Network Engineering, Internet Service Provider, General Contracting Management and General Contracting. For more information, please visit www.ftenet.com.
