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.
FTE Networks, Inc.
Chief Compliance Officer/Investor Relations
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
About OTC Markets Group Inc.
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SOURCE OTC Markets Group Inc.