FTE Networks Appoints Mark King EVP of Global Sales To Develop
Pipeline and Expand Business in Global Markets
NAPLES, FL -- January 11, 2017 -- InvestorsHub NewsWire -- FTE
Networks, Inc. (OTCQX:FTNW),
a leading network infrastructure solutions provider to the
technology and communications industries, today announced the
expansion of its leadership team with the appointment of industry
veteran Mark King as Executive Vice President (EVP) of Global
Sales. King will be responsible for leading business development,
accelerating the sales pipeline in all industries, and expanding
business opportunities by penetrating untapped global markets.
King joins FTE Networks with a strong record in developing
business lines and managing customer relationships in the Telecom
and Finance sectors, having served clients at Level 3,
AT&T/British Telecom, GE Capital, and IBM. Previously, King was
a partner and business advisory consultant at Fairview Advisors,
where he raised capital for IT and telecom clients, established
strategic partnerships, and led due diligence and M&A advisory
services. Before joining Fairview Advisors, King was SVP of Sales
at Level 3 Communications, where he led the wholesale carrier and
content market sales channels. While at Level 3, King grew revenues
from $900M to $4.4B within 5 years by signing Tier-One customers,
including AT&T, Verizon, Sprint, Yahoo, Google, Facebook,
Comcast, and Vonage. Prior to Level 3, King served in executive
sales roles leading multi-billion dollar, multi-year outsourcing
projects for both GE Capital and AT&T/British Telecom,
overseeing implementation in multiple countries and continent
We are pleased to welcome Mark King, a highly experienced and
proven industry executive to the team, said Michael Palleschi,
Chairman and Chief Executive Officer of FTE Networks. Marks
extensive industry experience in sales, as well as his
relationships with high-profile, multi-billion dollar companies,
will be integral to FTEs next phase of growth, as we continue to
build and expand our sales organization. We are confident that Mark
will help us to grow and evolve, increasing sales while growing and
expanding our communication services segment in global markets and
managing a vast network of high level customer relationships.
About FTE Networks, Inc.
FTE Networks is on the leading edge of network transformation
helping communications service providers, government and enterprise
customers evolve their networks to meet advancing technology
requirements via network infrastructure, and edge computing
solutions to quickly enhance service innovation and deliver new
revenue streams. With a focus on smart design, open architectures,
and consistent standards, along with expertise in building,
operating, and maintaining networks, FTE solves complex network and
system challenges that reduce costs and deployment time to
accelerate delivery and optimize performance of network
infrastructure. Operating five (5) industry segments; Data Center
Infrastructure, Fiber Optics, Wireless Integration, Network
Engineering, and Compute to the Edge, FTE Networks is headquartered
in Naples, Florida, with offices throughout the United States and
Europe. For more information, please visit: www.ftenet.com.
Forward Looking Statements
This release may contain forward-looking statements relating to
the business of FTE. All statements other than historical facts are
forward-looking statements, which can be identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions. These statements involve risks and
uncertainties that may cause actual results to differ materially
from those anticipated, believed, estimated or expected. These
risks and uncertainties are described in detail in our filings with
the Securities and Exchange Commission. Forward-looking statements
are based on FTE's current expectations and beliefs concerning
future developments and their potential effects on FTE. There is no
assurance that future developments affecting FTE will be those
anticipated by FTE. FTE undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required
under applicable securities laws.
FTE Networks, Inc.
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
[email protected]
OTCQX:FTNW
Investor Relations:
Robert Goetze
MBS Value Partners
(212) 897-9667
[email protected]
Media:
Jon Elsen
MBS Value Partners
(914) 305-6981
[email protected]