Tuesday, January 16, 2018 10:01:13 AM
Spectrum Eliminates Over $1.5 Million of Convertible Debt
8:00 am ET January 10, 2018 (Globe Newswire) Print
Spectrum Global Solutions, Inc. (OTC:SGSIF) (the "Company"), announced today the elimination of over $1.5 Million in convertible debt, as well as all interest and derivative liabilities associated with that debt.
Roger Ponder CEO of Spectrum stated: "The extinguishment of debt was part of an agreement we secured with legacy lenders of the Company last year prior to the Company's acquisition of AW Solutions. The extinguishment strengthens our balance sheet and helps create shareholder equity."
About Spectrum Global Solutions, Inc.:
Spectrum Global Solutions, Inc. (SGSIF) operates through its AW Solutions and Mantra Energy Alternatives subsidiaries.
AW Solutions (AWS) is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean. The Company's subsidiary Mantra Energy Alternatives is developing electrochemical technologies designed to make reducing greenhouse gas emissions profitable. For more information about the Company and its technologies visit the Company's public filings at SEC.gov.
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