|From: NetworkNewsWire (Rep: 0)||Date: 02/11/2019 15:12|
|Forum: Penny Stocks - Msg #2754 - List SGSI msgs ||Thread #674062939 (Rec: 0) |
|NetworkNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Utilizes Equity Investment to Reduce Outstanding Debt, Strengthen Balance Sheet|
Spectrum Global Solutions Inc. (OTCQB: SGSI), a multi-national single-source provider of next-generation communications network professional services and software solutions to telecommunications and enterprise markets, this morning announced that it was able to utilize an equity investment received in connection with its previously announced WaveTech Global merger to satisfy the approximately $1.1 million debt owed to Libertas Funding LLC in connection with Spectrum’s acquisition of TNS. “Our ability to satisfy the Libertas debt within 30 calendar days saved the Company thousands of dollars and freed up additional cash that was being used for amortization payments,” Roger Ponder, CEO of Spectrum, stated in the news release.
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