NEW YORK, June 29, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator
of financial markets for 10,000 U.S. and global securities, today announced FTE Networks, Inc. (OTCQX: FTNW), which provides wireline and wireless telecommunications
service providers with technology solutions and infrastructure services, has qualified to trade on the OTCQX® Best Market. FTE
Networks upgraded to OTCQX from the OTCQB® Venture Market.
FTE Networks begins trading today on OTCQX under the symbol "FTNW." U.S. investors can find current financial disclosure
and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are excited to congratulate FTE Networks on their graduation to our OTCQX Best Market. Upgrading to OTCQX will help the
company increase its visibility with investors and distinguish itself among the most established, investor-focused U.S. and
international companies trading on our markets," said Jason Paltrowitz, Executive Vice President
of Corporate Services at OTC Markets Group.
Michael Palleschi, Chairman and Chief Executive Officer of FTE, commented, "We are very pleased
to be approved for quotation on OTCQX. FTE is experiencing rapid growth as we add new fortune 500 customers and enter new
markets. As a result, we see our quotation on the OTCQX as an important step towards increasing shareholder awareness and
liquidity for our stock."
K&L Gates LLP serves as FTE Networks' OTCQX Advisor, and provides professional guidance on OTCQX requirements and U.S.
securities laws.
FTE Networks, Inc., together with its subsidiaries, provides wireline and wireless telecommunications service providers with
technology solutions and infrastructure services. It specializes in the design, engineering, installation, and maintenance of all
aspects of telecommunications infrastructure across the entire OSI stack. FTE technicians provide support through both stand by
and emergency response contracts. Inside and Outside Plant services include the installation, testing and maintenance of
infrastructure, power systems, electronics/optronics and associated cabling ranging from structured data all the way up to large
count fiber placed aerially or underground. The company's wireless solutions include equipment installation, fiber backhaul,
antennae mounting and testing, small cell and FTTX deployments. In addition, it offers staff augmentation services primarily for
the telecommunications, technology, and construction services industries. Its customer base is Fortune 500 customers in the
telecommunications and cable service industries, as well as equipment manufacturers, technology integrators and state and local
governments. The company is based in Naples, Florida and has offices around the United States and Europe.
Contacts:
FTE Networks, Inc.
Kirstin Gooldy
Chief Compliance Officer/Investor Relations
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture
Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse
network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the
broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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SOURCE OTC Markets Group Inc.