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Spectrum Global Solutions Inc. (SGSI) Strengthens Balance Sheet, Expands in the Telecommunications Infrastructure and Enterprise Solutions Market

  • Spectrum Global Solutions is a full-service engineering, construction, installation, maintenance and professional services firm
  • The company engineers, upgrades, installs and maintains telecommunication networks and infrastructure
  • Spectrum recently reduced its debt and strengthened its balance sheet

Spectrum Global Solutions Inc. (OTCQB: SGSI) is a single-source provider of end-to-end, next-generation wireless and wireline network infrastructure and professional service solutions. The company provides these solutions to carriers, aggregators, utilities, enterprises, project management organizations (“PMOs”) and original equipment manufacturers (“OEMs”) through diverse subsidiaries. Spectrum Global Solutions is headquartered in Longwood, Florida. The company recently announced that an equity investment by WaveTech Global has allowed the company to reduce an outstanding debt incurred through a previous acquisition (http://nnw.fm/jFA3M).

The company has completed manifold project activities on wireless, DAS, wireline and fiber networks throughout the U.S., employing licensed professional engineers, project managers, technicians and general contractors (http://nnw.fm/HsEt7). It is one of the few nationwide, full-service engineering, construction, installation, maintenance and professional services firms.

Spectrum Global Solutions provides its solutions to service provider (carrier) and corporate enterprise markets throughout the U.S., Canada, Puerto Rico, Guam and the Caribbean. The company provides complete outsourced services and solutions for the distribution and maintenance of next generation and legacy wireless and wireline telecommunication networks and infrastructure. Spectrum engineers, upgrades, installs and supports these networks.

Its subsidiaries include ADEX Corporation and ADEX Puerto Rico LLC, which provide professional services and solutions. Subsidiaries also include AW Solutions Inc. and AW Solutions Puerto Rico, which provide telecommunications and engineering services. Furthermore, subsidiaries include TNS Inc. (telecommunications structured cabling) and Tropical Communications Inc. (utilities) (http://nnw.fm/GnXd3). Via these subsidiaries, Spectrum’s services range in scope from a single activity to multi-year, multi-region large scale turnkey development contracts (http://nnw.fm/L1jOE).

Spectrum Global Solutions is professionally registered in 49 states, three U.S. territories (Puerto Rico, U.S. Virgin Islands and Guam) and six Canadian provinces. In addition, it has worldwide experience in Asia and Central and South America (http://nnw.fm/fg9Gr). The company has a proven record of accomplishment with top-tier Fortune 1,000 companies globally.

Spectrum Global Solutions has a tactical acquisition strategy that is focused on organic market opportunities, which provide the potential to extend provider targets, grow margins, cultivate new industry partnerships, expand service footprints and use subsidiary and customers bases to execute coordinated cross-selling initiatives (http://nnw.fm/Blbs8). Fundamentally, Spectrum pursues near-term synergistic acquisition opportunities that can foster growth.

Recently, Spectrum Global Solutions announced that it was able to use an equity investment received in association with the earlier reported merger with WaveTech Global of roughly $1.1 million to satisfy debt owed to Libertas Funding LLC, which was incurred in connection with Spectrum’s acquisition of TNS. WaveTech Global is an international next generation energy and network monitoring services management company. In a news release, Roger Ponder, chief executive officer of Spectrum Global Solutions, stated, “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.”

Serving customers for 34 years and with 150,000 projects completed to date, Spectrum Global Solutions continues to advance next generation telecommunications technology. Its focus on providing comprehensive services encompassing all facets of fiber networks and infrastructure make it a compelling investment choice. The company remains centered on its vision of becoming the world-class industry leader by which all others are measured.

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

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