Spectrum Global Solutions Inc. (OTCQB: SGSI), a multi-national single-source provider of next-generation communications network professional services and software solutions to telecommunications and enterprise markets, this morning announced that it was able to utilize an equity investment received in connection with its previously announced WaveTech Global merger to satisfy the approximately $1.1 million debt owed to Libertas Funding LLC in connection with Spectrum’s acquisition of TNS. “Our ability to satisfy the Libertas debt within 30 calendar days saved the Company thousands of dollars and freed up additional cash that was being used for amortization payments,” Roger Ponder, CEO of Spectrum, stated in the news release.
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About Spectrum Global Solutions Inc.
Spectrum Global Solutions operates through its subsidiaries, AW Solutions, ADEX Corp and TNS. The company is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean. For more information about the company and its technologies, visit the company’s website at www.SpectrumGlobalSolutions.com
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