{"id":470705,"date":"2021-04-05T08:03:39","date_gmt":"2021-04-05T12:03:39","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470705"},"modified":"2021-04-05T08:03:39","modified_gmt":"2021-04-05T12:03:39","slug":"spectrum-appoints-new-ceo-and-provides-outlook-for-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-appoints-new-ceo-and-provides-outlook-for-2021\/","title":{"rendered":"Spectrum Appoints New CEO and Provides Outlook for 2021"},"content":{"rendered":"<div class=\"mw_release\">\n<p>Boca Raton, Florida, April  05, 2021  (GLOBE NEWSWIRE) &#8212; Spectrum Global Solutions, ( OTC:SGSI ) ( the \u201cCompany\u201d ), new CEO Mark Porter, provides an update to SGSI shareholders.<\/p>\n<p>I wanted to take the opportunity to formally introduce myself as the new CEO of Spectrum Global Solutions and provide our shareholders an update on the Company, our vision, strategy and exciting future that we believe will create greater shareholder value over the long term.\u00a0\u00a0<\/p>\n<p>High Wire Networks is a Company that I joined just after inception over 20 \u00a0years ago and have guided that company\u2019s growth, twice earning a spot on Inc.\u2019s \u201cFastest Growing Private Companies\u201d list including #134 in 2006, the last year of the Inc. 500. More recently, from 2014 to 2020 we\u2019ve experienced 5x growth, slowed only by the pandemic in 2020, and accelerating again as we see the light at the end of the tunnel.\u00a0 The merger with Spectrum allows us to take advantage of the synergies between the companies and the opportunities that come with being a public company.<br \/>\u00a0\u00a0<br \/>Spectrum has over 30 years of expertise in delivering services with a special emphasis in the Service Provider sector. The combination of High Wire and Spectrum provides our customers with a broad range of additional infrastructure and engineering solutions. \u00a0The combination of our entities is expected to provide solid revenue growth, a national and international footprint, and a comprehensive suite of services with an emphasis on revenue profiles that are recurring or programmatic and have scale.<\/p>\n<p>The merger of High Wire with Spectrum enables this Company to take advantage of exciting new technology in the Networking, Cybersecurity, and Service Provider spaces.<\/p>\n<p>Service Providers are deploying 5G technology that will reshape their networks and have far reaching impacts into Enterprise and Mobility markets.\u00a0 \u00a0Every city bus, garbage truck, emergency vehicle, is a mobile office requiring connectivity, security, cameras using AI for advanced analytics, and all of it requires 5G, cybersecurity, and people to install, manage, and maintain it.\u00a0 Enterprises are undergoing digital transformations to enable employees to work from anywhere.\u00a0 With those changes come increased cybersecurity risks.\u00a0 Our Company will be positioned to work with our ever-expanding channel ecosystem to design, deliver, manage, and secure Enterprise, Service Provider, Fleet Operator, IoT, and whatever other networks the next generation of technology can bring.\u00a0 We are positioned to be at the forefront of digital transitions.<\/p>\n<p>We will attempt to capitalize on these transformative changes in technology with strong operational execution, a focus on driving profitability through comprehensive service offerings and organic and acquisitive growth strategies.\u00a0 We will execute on a strategy to build, buy, partner, and integrate.\u00a0 We will be acquisitive where we can leverage our best in class customer base, our systems and scale, and our management expertise to benefit our shareholders, our customers, and our stakeholders.<\/p>\n<p>Our recently filed 10K is a reflection of the past and not in any way indicative of our future.\u00a0 Our commitment is to develop sustained recurring revenues and earnings.\u00a0 We are looking at every segment of the business, every customer program, and all of our personnel.\u00a0 We will eliminate programs and segments that do not meet our profitability metrics, and reinvest in programs and sales efforts that warrant more resources. As we continue the transition and re-branding efforts, additional members of the High Wire team will join the management team and help us reshape the future until such time as the merger can be completed.\u00a0 At the core of all our decisions will be how we increase shareholder value over the near and long-term. Whether we are a business buyer or a seller, the bottom line is the creation of real shareholder value.\u00a0 Our goal is to grow this Company significantly over the next twelve months and seek up listing to a National Exchange.\u00a0 We appreciate the support and patience of our shareholder base and look forward to providing exciting results for the 2021 calendar year.\u00a0<\/p>\n<p>Mark Porter<br \/> CEO<\/p>\n<p>Forward-looking statements:<br \/>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 &#8220;anticipate,&#8221; &#8220;appear,&#8221; &#8220;believe,&#8221; &#8220;could,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;hope,&#8221; &#8220;indicate,&#8221; &#8220;intend,&#8221; &#8220;likely,&#8221; &#8220;may,&#8221; &#8220;might,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;project,&#8221; &#8220;seek,&#8221; &#8220;should,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; and other variations or negative expressions of these terms, including statements related to expected market trends and the Company&#8217;s performance, are all &#8220;forward-looking statements&#8221; 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&#8217;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.<\/p>\n<p>\n        <strong>Investor\u00a0Relations<\/strong><br \/>\n        <br \/> Spectrum Global Solutions<br \/><u><a href=\"http:\/\/www.spectrumglobalsolutions.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.SpectrumGlobalSolutions.com\/<\/a><\/u>\u00a0<br \/> 561-672-7068\u00a0 <\/p>\n<p>\n        <strong>Media Relations<\/strong><br \/>\n        <br \/> Susanna Song<br \/> Director of Marketing and Communications<br \/> High Wire Networks<br \/> 630-635-6717\u00a0<br \/><u><a href=\"mailto:susanna.song@highwirenetworks.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">susanna.song@highwirenetworks.com<\/a><\/u><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMTM3NSM0MTA1NTEwIzIwODY1NjY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/eccf8ba2-3177-4fa2-92e9-3b3cb660b120\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Boca Raton, Florida, April 05, 2021 (GLOBE NEWSWIRE) &#8212; Spectrum Global Solutions, ( OTC:SGSI ) ( the \u201cCompany\u201d ), new CEO Mark Porter, provides an update to SGSI shareholders. I wanted to take the opportunity to formally introduce myself as the new CEO of Spectrum Global Solutions and provide our shareholders an update on the Company, our vision, strategy and exciting future that we believe will create greater shareholder value over the long term.\u00a0\u00a0 High Wire Networks is a Company that I joined just after inception over 20 \u00a0years ago and have guided that company\u2019s growth, twice earning a spot on Inc.\u2019s \u201cFastest Growing Private Companies\u201d list including #134 in 2006, the last year of the Inc. 500. More recently, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-appoints-new-ceo-and-provides-outlook-for-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Spectrum Appoints New CEO and Provides Outlook for 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470705","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spectrum Appoints New CEO and Provides Outlook for 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spectrum-appoints-new-ceo-and-provides-outlook-for-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spectrum Appoints New CEO and Provides Outlook for 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Boca Raton, Florida, April 05, 2021 (GLOBE NEWSWIRE) &#8212; Spectrum Global Solutions, ( OTC:SGSI ) ( the \u201cCompany\u201d ), new CEO Mark Porter, provides an update to SGSI shareholders. I wanted to take the opportunity to formally introduce myself as the new CEO of Spectrum Global Solutions and provide our shareholders an update on the Company, our vision, strategy and exciting future that we believe will create greater shareholder value over the long term.\u00a0\u00a0 High Wire Networks is a Company that I joined just after inception over 20 \u00a0years ago and have guided that company\u2019s growth, twice earning a spot on Inc.\u2019s \u201cFastest Growing Private Companies\u201d list including #134 in 2006, the last year of the Inc. 500. 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I wanted to take the opportunity to formally introduce myself as the new CEO of Spectrum Global Solutions and provide our shareholders an update on the Company, our vision, strategy and exciting future that we believe will create greater shareholder value over the long term.\u00a0\u00a0 High Wire Networks is a Company that I joined just after inception over 20 \u00a0years ago and have guided that company\u2019s growth, twice earning a spot on Inc.\u2019s \u201cFastest Growing Private Companies\u201d list including #134 in 2006, the last year of the Inc. 500. 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