ADEX Subsidiary Expands into Canada to Service New and Existing Tier-1 Clients in Emerging Network Infrastructure Services Market
LONGWOOD, FL, Oct. 29, 2019 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc. (the "Company" or "Spectrum") (OTCQB: SGSI), a leading single-source provider of next-generation communications network infrastructure and maintenance solutions, today announced that the Company has expanded its ADEX subsidiary into Canada as part of its continued international expansion efforts.
ADEX Canada was formed to address network infrastructure services opportunities with both new and existing tier-1 clients in the Canadian market, offering turnkey project staffing solutions including engineering, furnishing, installation, testing and integration services for wireline, wireless, broadband, VoIP, 4G/5G and public safety communications networks. ADEX service capabilities extend from the most basic installation functions to the most advanced engineering disciplines, allowing for companies to increase the capabilities of their existing departments without adding personnel, facilities or equipment to their overhead.
“I am pleased to announce the establishment of our Toronto-based ADEX Canada subsidiary, which will further expand our reach and allow us to better service our multinational clients across borders, enabling exciting growth and cross-selling opportunities across our various subsidiaries,” said Roger Ponder, Chief Executive Officer of Spectrum Global Solutions. “We believe that our experienced staff will bring an exciting new array of capabilities to the Canadian market, acting as a single-source provider to carriers – a model we have well proven out in the United States. We have already partnered with several recognizable tier-1 clients in the Canadian market and look forward to further developing our business relationships over time, creating long-term value for our shareholders.”
About Spectrum Global Solutions
Spectrum Global Solutions (OTCQB: SGSI) is a leading single-source provider of next-generation communications network infrastructure and maintenance solutions. Spectrum’s highly scalable platform model, proven out through engagements with tier-1 network operators in the United States, Canada and the Caribbean, uniquely allows for the bundling of disparate services with a single provider, simplifying network deployment and maintenance with a comprehensive, cost-competitive one-stop-shop solution. To learn more, visit the Company’s website at https://spectrumglobalsolutions.com/.
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.
Greg Falesnik or Luke Zimmerman
MZ Group – MZ North America