Naples, Florida (PRWEB) April 16, 2014
FTE Networks, Inc. (PINK SHEETS: FTNW) today announced that the Company has appointed technology infrastructure services veteran John Wood as President of its 2 subsidiaries – FTE Network Services and FTE Wireless Services.
John brings 37 years of industry experience and most recently served as the Sr. Vice President of IDCS, where he increased annual sales by over 200%. Previously, he served in senior executive roles at Expertech Network Services, Inc., FPL Fibernet, Inc., Hypower, Inc. and most notably John Served as Vice President of Construction at OSP Consultants, Inc. During his tenure, OSP grew from $1.5 million to over $200 million in annual revenue and later sold to PECO Energy in 1999 for $97 million. Prior to OSP Consultants, John served 6.5 years in the United States Marine Corps.
"We're pleased to welcome John to the FTE Networks’ team," commented Michael Palleschi, CEO of FTE Networks, Inc. "We believe that John’s extensive leadership experience and strong background in operational business development and execution will help drive FTE Networks’ continued growth. His proven track record in the industry as well as in the military provide the discipline and focus to manage a global operations team and will be a great asset to our organization.”
About FTE Networks, Inc.
FTE Networks is a vertically integrated company with an international footprint. Since its inception, FTE Networks has steadily advanced its management, operational and technical capabilities to become a leading provider of services to the telecommunications and wireless sector with a focus on turnkey solutions. FTE Networks provides a comprehensive array of services centered on quality, efficiency and customer service.
Forward Looking Statements
This release may contain forward-looking statements relating to the business of FTNW. All statements other than historical facts are forward-looking statements, which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. These statements involve risks and uncertainties that may cause actual results to differ materially from those anticipated, believed, estimated or expected. These risks and uncertainties are described in detail in our filings with the Securities and Exchange Commission. Forward-looking statements are based on FTNW's current expectations and beliefs concerning future developments and their potential effects on FTNW. There is no assurance that future developments affecting FTNW will be those anticipated by FTNW. FTNW undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
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FTE Networks, Inc. is not not a Registered Broker/Dealer or a Financial Advisor, nor does it hold itself out to be a Registered Broker/Dealer or Financial Advisor. All material presented in this press release, on the company's website or other media is not to be regarded as investment advice and is only for informative purposes. Readers should verify all claims and conduct their own due diligence before investing in FTE Networks, Inc. Investing in small-cap, micro cap and penny stock securities is speculative and carries a high degree of risk.
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