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NAPLES, FL -- (Marketwired) -- 03/17/15 -- FTE Networks, Inc. (OTCBB: FTNW), a premier provider of infrastructure solutions services in the telecommunications and technology vertical, today announced that it has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC).
This filing represents a significant milestone in our goal to list FTE Networks on a major exchange commented, Michael Palleschi, CEO of FTE. "We are excited about filing our Form 10, as it allows FTE to accelerate growth and meet our customer bandwidth demands through better access to capital markets."
FTE Networks has built its reputation and business around major Fortune 500 corporate customers. It has grown rapidly since inception and has maintained that momentum in the first quarter of 2015.
The market perceives the dramatic growth in bandwidth capacity on communications networks as being driven by data, video, live-streaming, social media and mobile commerce. FTE's profile as a public company is anticipated to enhance our prospects in this underserved telecommunications infrastructure marketplace.
We anticipate relisting of our shares following receipt of all necessary regulatory approvals.
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 March 17, 2015