NetworkNewsBreaks – Spectrum Global Solutions Inc. (SGSI) Utilizes Equity Investment to Reduce Outstanding Debt, Strengthen Balance Sheet

Spectrum Global Solutions Inc. (OTCQB: SGSI), a multi-national single-source provider of next-generation communications network professional services and software solutions to telecommunications and enterprise markets, this morning announced that it was able to utilize an equity investment received in connection with its previously announced WaveTech Global merger to satisfy the approximately $1.1 million debt owed to Libertas Funding LLC in connection with Spectrum’s acquisition of TNS. “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,” Roger Ponder, CEO of Spectrum, stated in the news release.

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About Spectrum Global Solutions Inc.

Spectrum Global Solutions operates through its subsidiaries, AW Solutions, ADEX Corp and TNS. 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 website at www.SpectrumGlobalSolutions.com

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NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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