High Wire Networks Inc (HWNI)

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Spectrum Global Solutions awarded over $2.3M in new contracts
Jul. 10, 2018 7:50 AM ET|About: Spectrum Global Solutio... (SGSI)|By: Niloofer Shaikh, SA News Editor
Spectrum Global Solutions (OTCPK:SGSI) received over $2.3M in new contract awards set to be realized during Q3 and Q4 reporting periods.

Roger Ponder, CEO, commented, "Our customers continue to deploy new network services and expand their coverage and offerings. Spectrum is able to support these deployments through our full suite of services across the nation. We are now targeting a pipeline of new opportunities with a revenue potential in excess of $135 million.”

Mr. Ponder added: “We continue to track extremely favorably as we head into what is shaping up to be a strong back half of the year, with our gross revenue run rate topping $30 million on an annual basis for 2018 on average profit margins exceeding 25%. We will continue to aggressively seek to deliver income, value, and growth to our shareholders both organically and through strategic acquisitions and partnerships.”