Longwood, FL, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Spectrum Global Solutions, Inc.. (OTC: SGSI; SGSID) (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 announced today that it has received approval from FINRA for a 1:200 reverse split of its common stock.   The Company’s common stock begins trading today on a split-adjusted basis under a new CUSIP number 84764H201 and temporary symbol "SGSID," with the "D" appended to signify that the reverse stock split has occurred. The Company’s trading symbol will revert to "SGSI" after 20 trading days.

Spectrum CEO Roger Ponder stated: “The reverse stock split is intended to facilitate the Company’s aggressive acquisition strategy and future plans to up list to a national exchange”.    

As a result of the reverse stock split, every 200 shares of authorized, issued and outstanding shares of common stock was converted into 1 share of common stock.  Any fractional shares resulting from the reverse stock split have been rounded up to the nearest whole share.

Stockholders holding shares through a brokerage account will have their shares automatically adjusted to reflect the reverse stock split as of the effective date. Stockholders with stock certificates who have questions regarding the split may call the Company's transfer agent, Island Stock Transfer, at 727-289-0010.

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.

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