NAPLES, FL--(Marketwired - July 14, 2016) - FTE Networks, Inc. (OTCQB: FTNW) ("FTE" or the "Company"), a leading network infrastructure solutions provider in the technology and telecommunications vertical, today announced that it has retained Crescendo Communications, LLC ("Crescendo") for investor relations services and to help increase exposure within the U.S. capital markets.
Crescendo Communications, LLC, headquartered in New York City with offices in Europe and Asia, is an emerging leader within the investor relations industry. The firm was founded on a strategic and professional approach to investor relations that builds awareness of public companies through tailored outreach programs that target institutional investors, analysts, and the financial media. The firm's approach is centered around properly educating investors and cultivating trust within the global capital markets. Additional information is available at: www.crescendo-ir.com.
David Waldman, President & CEO of Crescendo Communications, commented, "We are excited to begin working with FTE Networks. FTE Networks has a very compelling growth strategy with decades of industry experience in designing, building and supporting telecommunications and technology systems and infrastructure services for Fortune 500 companies. We believe FTE Networks represents a significant opportunity, with a current backlog in excess of $33 million over the next 12 months and a growing sales pipeline. We look forward to helping the Company increase market awareness as they penetrate new markets, grow revenues and execute on a clearly defined path to profitability."
Michael Palleschi, Chairman and Chief Executive Officer of FTE Networks, commented, "We are pleased to have engaged with Crescendo Communications, an experienced and premier investor relations firm. They will be an integral part of our strategy to increase investor outreach, strengthen public market awareness and better position FTE for an uplist onto a national exchange."
About FTE Networks, Inc.
FTE Networks, Inc., 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 Fortune 500 companies 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.