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Spectrum Global Solutions Receives Over $1.2 Million in New Contract Awards

Company Secures Over $10 Million in New Business Since March 2018.

LONGWOOD, Fla., July 18, 2018 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc., (OTC:SGSI) (the “Company”), a single-source provider of end-to-end next-generation wireless and wireline network services and staffing solutions to the service provider (carrier) and corporate enterprise markets, has received over $1.2 Million in new contracts and purchase orders for the provision of professional services. The customer orders are to fulfill the needs to support next generation wireless and wireline services across the nation. This work has already commenced, and the revenue will be realized over the next 12 months.   

Roger Ponder, CEO said “As the deployment of next generation communication networks continues to accelerate, the need for experienced personnel to manage and implement those network upgrades will continue to grow.  Spectrum is perfectly positioned to support our customers’ growing needs”. 

Roger Ponder further stated: “Since our acquisition of ADEX Corp in March 2018 we have announced over $10 million in new contract awards.  We continue to grow organically as we search for additional merger candidates to increase our market footprint. We have begun the process of positioning the Company for an up listing to a national exchange.  Our recently filed 14C information statement is a further step in that direction”. 

About Spectrum Global Solutions, Inc.:

Spectrum Global Solutions operates through its subsidiaries AW Solutions and ADEX Corp. 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 public filings at SEC.gov.

Forward-looking statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

CONTACT:
Investor Relations
Spectrum Global Solutions
561-672-7068

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