Market Overview

Spectrum Global Solutions Continues to Receive Millions in New Contract Awards

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LONGWOOD, Fla., Aug. 30, 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 staffing solutions to the service provider (carrier) and corporate enterprise markets, has received over $1.1 Million in new contract awards in the last 30 days.  This increase in business is an industry-wide increase in demand for services and solutions associated with network upgrades.   The new customer orders received by Spectrum include network audit, fiber deployment, structured cabling, fiber and small cell design services and project staffing solutions. This work has already commenced and the revenue will be begin to be realized in Q3.   

Roger Ponder, CEO said, "These new contracts and purchase orders are indicative of the tremendous growth being experienced in this industry as new network infrastructure is deployed to bolster end user client services.  

Mr. Ponder added: "With these new contracts we are tracking in excess of a $32 Million annual gross revenue run rate.  We are increasing our profit margins on this revenue and reducing our cost of capital as we increase shareholder value". 

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

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