FTE NETWORKS ANNOUNCES UPLISTING TO NYSE AMERICAN
Stock to Begin Trading on December 14, 2017
Naples, FL -- December 11, 2017 -- InvestorsHub NewsWire
-- FTE Networks, Inc. (OTCQX:
FTNW) ("FTE" or the "Company"), a leading provider of
innovative technology-oriented solutions for smart platforms,
network infrastructure and buildings, today announced that its
common stock has been approved for listing on the NYSE American.
The Company's common stock will begin trading on the NYSE American
exchange under its current symbol, "FTNW," at the open of trading
on December 14, 2017. The Company's common stock will continue to
trade on the OTCQX until the close of the market on December 13,
2017.
"We are extremely excited to achieve this pivotal milestone in
our history as a public company. We believe that our uplisting to
the NYSE American, combined with the integration of Benchmark
Builders, Inc. and the launch of CrossLayer, Inc., is a reflection
of our ongoing commitment to create long-term shareholder value."
said Michael Palleschi, President and CEO of FTE Networks."
Mr. Palleschi continued, "Uplisting to the NYSE American will
allow us to communicate the Company's progress to a broader
audience and enable us to expand and diversify our shareholder
base. We believe we are now better positioned to enhance stock
liquidity and attract a broader range of institutional investors.
We continue to advance our strategy to develop new growth
opportunities across our complementary businesses and are
optimistic about our prospects heading into 2018 and beyond."
About FTE Networks, Inc.
FTE Networks, Inc. ("FTNW"), is a leading provider of innovative
technology-oriented solutions for smart platforms, network
infrastructure and buildings. FTE's three complementary businesses
are FTE Network Services, CrossLayer, Inc. and Benchmark Builders,
Inc. Together they provide end-to-end design, build and support
solutions for state-of-the-art networks and commercial properties
to create the most transformative smart platforms and buildings.
FTE's businesses are predicated on smart design and consistent
standards that reduce deployment costs and accelerate delivery of
innovative projects and services. The Company works with Fortune
100/500 companies, including some of the world's leading
communications services providers. FTE Networks and its
subsidiaries support multiple services, including Data Center
Infrastructure, Fiber Optics, Wireless Integration, Network
Engineering, Internet Service Provider, General Contracting
Management and General Contracting. For more information, please
visit www.ftenet.com.
Note on Forward-Looking Statements
This release may contain "forward-looking statements" within the
meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by words such as: "believe,"
"long-term," "expand," "enhance," "advance," "strategy,"
"opportunities," "prospects," and similar references to future
periods. Examples of forward-looking statements in this release may
include, without limitation, statements and forecasts we make
regarding our performance and anticipated operating results; our
strategies for continued growth and market expansion, including the
anticipated performance of our common stock on the NYSE American
and the expected benefits to our shareholders as a result from
listing on the NYSE American, and other matters that involve known
or unknown risks, uncertainties and other factors that may cause
our results, levels of activity, performance or achievements to
differ materially from results expressed or implied by this
release.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations, and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and market trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. These risk factors and others are
included from time to time in documents we file with the Securities
and Exchange Commission, including but not limited to, our Form
10-K's, Form 10-Q's and Form 8-K's. Our actual results and
financial condition may differ materially from those indicated in
the forward-looking statements. Accordingly, you should not place
undue reliance on these forward-looking statements. Any
forward-looking statement made by us in this update is based only
on information currently available to us and speaks only as of the
date on which it is made. We undertake no obligation to publicly
update any forward-looking statement, whether as a result of new
information, future developments or otherwise.
Media and Investor Relations:
FTE Networks, Inc.
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com
OTCQX:
FTNW