If Edge is a quality company that pays its bills as they come due then the following could be a monster for FTNW--
Exhibit 99.2
FTE NETWORKS SIGNS STRATEGIC ALLIANCE AGREEMENT WITH EDGE COMMUNICATIONS AND EXPANDS IN FOUR MARKETS
NAPLES, FL--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, 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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