On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Spectrum Global Solutions Inc. (SGSI) Announces Uplisting to OTCQB Venture Market

  • Spectrum Global Solutions sees trading on OTCQB as a necessary next step in its continued development
  • Demand for increased network capabilities is increasing as global use of data continues to grow exponentially
  • Spectrum Global is set to reach this increased demand primarily through its multiple subsidiaries with regional, national and global projects

Spectrum Global Solutions Inc. (OTCQB: SGSI), a leading single-source provider of end-to-end, next-generation wireless and wireline networks, recently announced that its stock has been uplisted and approved for trading on the OTCQB Venture Marketplace. The company provides professional service solutions to the service provider and corporate enterprise markets.

CEO Roger Ponder described the benefits of trading on the OTCQB. He referred to it as an “established public market,” allowing only well-established companies to trade. The criteria for approval includes several components. Companies’ financial reporting must be up-to-date (http://cnw.fm/iKYr8), and they must also “undergo an annual verification and management certification process.” Ponder sees the listing as a necessary step in the continued growth of Spectrum Global. In a news release, he mentioned, “As we focus on building a business that delivers long term shareholder value, we believe this up-listing will enhance investor accessibility and serve as a stepping stone to meet the listing requirements for admission to the NASDAQ or NYSE in the future.”

As more and more of the world’s citizens rely on their smartphones, tablets, and devices every day, mobile data traffic has skyrocketed, creating a global demand for increased network capabilities. The telecom industry expects to grow exponentially in coming years to meet this demand for better coverage, enhanced capability, private networks and swift development of new apps.

The industry has evolved from 2G in 1991 to 3G in 1998 and 4G in 2008, increasing the demand for quality wireless and wireline network providers and enhancing the overall revenue stream of such entities. Spectrum Global pledges, “We engineer, upgrade, install, and maintain next-generation telecommunication networks.” This type of service will become especially relevant in the coming years, as 5G is expected to be rolled out in 2020. According to Accenture (http://cnw.fm/pwg8Y), “The 5G rollout will create 3 million American jobs and drive over $500 billion U.S. GDP growth.”

Spectrum Global owns and operates multiple subsidiaries, which allow it to provide comprehensive services covering all aspects of fiber networks and infrastructure. These subsidiaries include AW Solutions, LLC; ADEX Corporation, LLC; TNS, Inc.; and Tropical Communications, Inc. Through these subsidiaries, Spectrum Global has grown a project portfolio that extends regionally, nationally and globally. Its new trading position on the OTCQB will be crucial in supporting the company’s continued development.

For more information, visit the company’s website at www.SpectrumGlobalSolutions.com

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

Archives

Select A Month

Official NewsWire Relationships

Benzinga Cannabis Capital Conference Cannabis Business Summit & Expo 2019 Cannabis Drinks Expo MjMicro Conference New England Cannabis Network O'Cannabiz Conference & Expo

CannabisNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 303.498.7722