FTE Networks Opens New Offices in New York and London to Support Growth Initiatives

NAPLES, FL--(Marketwired - July 26, 2016) - FTE Networks, Inc. (OTCQX: FTNW) ("FTE" or the "Company"), a telecom and data center network/infrastructure solutions provider, today announced that it has opened new offices in London and New York to support the Company's growth initiatives in the respective regions.

Mr. Michael Palleschi, Chairman and Chief Executive Officer of FTE Networks (FTNW), commented, "Management is pleased to announce the expansion of our geographic footprint, complementing our existing 17 markets. These new locations will help us to support the rapid domestic and international growth that we are currently experiencing, which reflects both new customers and an expanded scope of services with our existing customers. Having a greater presence in New York and London will allow us to expand rapidly in key verticals, such as the financial industry, which require heavy investments to upgrade their networks to meet the growing data and bandwidth requirements. Importantly, we look forward to these offices contributing to our top-line growth."

The new offices are located at:

FTE Networks, Inc.
Level 1, Devonshire House
One Mayfair Place
Mayfair, London W1J 8AJ
United Kingdom

FTE Networks, Inc.
375 Park Avenue
Suite 2607
New York, New York 10052

About FTE Networks, Inc.

FTE Networks, Inc. (FTNW)., and its wholly owned subsidiaries, is a leading international networking infrastructure solutions company. We design, build, and support telecommunications and technology systems and infrastructure services for companies including Fortune 500, operating four (4) industry segments; Data Center Infrastructure, Fiber Optics, Wireless Integration, and Surveillance & Security. FTE Networks is headquartered in Naples, Florida, with offices throughout the United States and Europe. For more information please visit: www.ftenet.com

Forward Looking Statements

This release may contain forward-looking statements relating to the business of FTE. All statements other than historical facts are forward-looking statements, which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. These statements involve risks and uncertainties that may cause actual results to differ materially from those anticipated, believed, estimated or expected. These risks and uncertainties are described in detail in our filings with the Securities and Exchange Commission. Forward-looking statements are based on FTE's current expectations and beliefs concerning future developments and their potential effects on FTE. There is no assurance that future developments affecting FTE will be those anticipated by FTE. FTE undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.