Spectrum Global Solutions (OTCQB: SGSI), a leading single-source technology and services provider specializing in next-generation energy management, professional engineering and communications network infrastructure solutions, today announced that it has instituted several cost cutting measures and was able to eliminate over $500,000 of convertible debt that would have been toxic to the company’s common stock. “The elimination of toxic debt, the tightening of our belts, and the strengthening of our balance sheet, is an on-going focus for the company and will continue to be so as we manage through these trying times,” Spectrum CEO Roger Ponder said in the news release.
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About Spectrum Global Solutions
Spectrum Global Solutions (OTCQB: SGSI) is a leading single-source technology and services provider, specializing in next-generation energy management, professional engineering, and communications network infrastructure solutions. Spectrum’s highly scalable service platform model, proven out through engagements with tier-1 network operators in the United States, Canada, Caribbean, Europe, Africa and Asia uniquely allows for the bundling of disparate services and technology products with a single provider, simplifying network deployment and maintenance with a comprehensive, cost-competitive one-stop-shop solution. For more information, visit the company’s public filings at SEC.gov or its website at www.SpectrumGlobalSolutions.com.
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