FTE Files Application for Uplisting to NASDAQ
NAPLES, FL -- February 7, 2017 -- InvestorsHub NewsWire -- FTE
Networks, Inc. (OTCQX:
FTNW) ("FTE" or the "Company"), a leading network
infrastructure solutions provider in the technology and
communications industries, today announced that it has applied to
list the Companys common stock on the NASDAQ Capital Market. Once
accepted, the shares will begin trading on the NASDAQ exchange and
will provide investors with added benefits such as improved
liquidity and increased trade execution speed.
Uplisting to NASDAQ is an exciting opportunity for FTE Networks,
said Michael Palleschi, Chairman and CEO of FTE Networks. We are
confident that once our application is accepted, trading on the
NASDAQ will offer investors increased visibility and improved
liquidity. Furthermore, we believe this will enhance shareholder
value, capture a broader range of institutional investors attracted
to our growth proposition and provide for greater access to
capital. The filing of this application is further evidence of our
long-term objective of penetrating and disrupting the marketplace
with FTE Networks business solution offering.
The uplisting is subject to approval based on the Companys
ability to meet NASDAQ requirements.
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.
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FTE Networks, Inc.
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com
OTCQX:FTNW
Investor Relations:
Robert Goetze
MBS Value Partners
(212) 897-9667
Robert.goetze@mbsvalue.com
Media:
Jon Elsen
MBS Value Partners
(914) 305-6981
Jon.elsen@mbsvalue.com