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NAPLES, FL -- (Marketwired) -- 06/10/14 -- FTE Networks, Inc. (PINKSHEETS: FTNW) announced today that the Company's Board of Directors has approved Marcum LLP as the Company's independent public accounting firm. The appointment comes after reviewing the company's post merger needs and is effective immediately.
"We've completed the initial steps internally and have done our external due diligence on how best to address the process of getting our financial statements audited and get back on track with our SEC filings," stated David Lethem, Chief Financial Officer. "Given Marcum's excellent reputation in this area and their knowledge of the companies involved both pre and post reverse merger, we believe engaging their services on a go forward basis just makes sense. The Board of Directors, myself, and our staff are looking forward to working with Marcum again and making certain the joint effort will result in a solid foundation to complete our filings."
About FTE Networks, Inc.
FTE Networks is a vertically integrated company with an international footprint. Since its inception, FTE Networks has steadily advanced its management, operational and technical capabilities to become a leading provider of services to the telecommunications and wireless sector with a focus on turnkey solutions. FTE Networks provides a comprehensive array of services centered on quality, efficiency and customer service.
Forward Looking Statements
This release may contain forward-looking statements relating to the business of FTNW. 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 FTNW's current expectations and beliefs concerning future developments and their potential effects on FTNW. There is no assurance that future developments affecting FTNW will be those anticipated by FTNW. FTNW 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.
Source: FTE Networks Inc.
Released June 10, 2014