Spectrum Global Solutions Receives 17 Month Contract Extension Award From Tier 1 Carrier

LONGWOOD, Fla., Aug. 02, 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 solutions to the service provider (carrier) and corporate enterprise markets, has been awarded a regional contract extension by a Tier 1 carrier. The continued customer orders are for the construction of Ultra-Fast Fiber Network infrastructure for broadband services. The Company has already billed this carrier over $4.5 Million year to date. 

Roger Ponder, CEO said, "This contract extension is indicative of the long-term relationships we maintain with our carrier clients. We are enabling this carrier client to expand and deliver enhance wireless and wireline IP broadband networks to support its growing customer demand for high-speed Internet access, advanced TV services, and new mobile and cloud services”

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