BENCHMARK BUILDERS RANKED NO. 6 AMONG TOP GENERAL CONTRACTORS
FOR ALTERATION AND RENOVATION PROJECTS IN NEW YORK CITY
Ranking Based on New York City Department of Building Permits,
Featured in Major New York Real Estate News Magazine
NAPLES, Fla. (May 17, 2017 -- InvestorsHub NewsWire) Benchmark Builders, Inc., (Benchmark) a wholly owned
subsidiary of FTE Networks, Inc. (OTCQX: FTNW), a network
infrastructure solutions provider, today announced that the company
has been ranked No. 6 among the top general contractors for
alteration and renovation projects in New York City, based on
initial estimated costs listed in New York City Department of
Building permits filed between January 2012 and March 2017. The
ranking appears in the May issue of The Real Deal, considered a
leading source of New York real estate news.
According to Fred Sacramone, President of Benchmark Builders,
the company benefited from an overall rise in the interior
construction market segment, as many tenants are taking advantage
of attractive lease incentives as well as exploring new
neighborhoods. Landlords are undertaking significant renovation
projects to upgrade their properties to compete with new office
space built or planned throughout the boroughs as well as
additional technology projects. A recent Building Congress report
indicates that annual spending for alterations and renovations in
New York City was $9 billion from 2014 through 2016, up from annual
spending of $5.5 billion between 2011 and 2013.
Benchmarks impressive ranking reflects not only the hard work
and dedication of our entire team, but more importantly the
consistent quality that our company delivers with every project
that we undertake, Sacramone said. Since our company was founded 9
years ago, we have been focused on establishing a new benchmark for
the industry, and our commitment to exceeding the expectations of
our clients remains steadfast.
About Benchmark Builders, Inc.
Benchmark Builders (Benchmark), a leading full-service interiors
construction manager and general contractor, designs and builds
state-of-the-art facilities for corporate office, broadcast,
retail, lobby, infrastructure and technology spaces for Fortune 500
clients, predominantly in the New York City metropolitan
area. Founded in 2008, Benchmark delivers innovative services
and projects built from knowledge of how technology and structures
evolve, ranging from large multi-floor renovations to major
infrastructure. The company was recently recognized in The
Real Deals 2017 ranking of New York Citys biggest construction
bosses and ranked 6th in the Top 20 Alteration & Renovation
Project category, which is based on value of projects in the
city.
About FTE Networks, Inc.
FTE Networks, Inc., and its businesses provide end-to-end
design, build, and support solutions for state-of-the-art network
and commercial properties, creating the most advanced and
transformative smart platforms and buildings. Working with some of
the worlds leading Fortune 100/500 corporations and communications
service providers, FTEs businesses are predicated on smart design
and consistent standards that reduce deployment costs and
accelerate delivery of innovative projects and services. FTE
Networks and its subsidiaries operate 8 Lines of Business,
including: Data Center Infrastructure, Fiber Optics, Wireless
Integration, Network Engineering, Internet Service Provider,
Construction Management, General Contracting, and Pre-Construction
Services. With approximately 200+ employees, FTE and its entities
have operations in 17 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 FTEs 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
ir@ftenet.com
OTCQX:FTNW