Spectrum Global Solutions Reduces Debt and Strengthens Balance Sheet

World News: . []

Longwood, Fl, Feb. 11, 2019 (GLOBE NEWSWIRE) -- Spectrum Global Solutions,  Inc. (the "Company" or "Spectrum") (OTCQB: SGSI), a multi-national single-source provider of next-generation communications network professional services and software solutions to telecommunications and enterprise markets, announced today that it was able to utilize an equity investment received in connection with the previously reported merger with WaveTech Global of approximately $1.1 Million to satisfy the debt owed to Libertas Funding LLC, (“Libertas”) that was incurred in connection with the Company’s acquisition of TNS.

Roger Ponder, CEO of Spectrum, stated, "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”. 

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Globe Newswire: 12:45 GMT Monday 11th February 2019

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