TPT Global Tech, Inc. (OTCMKTS: TPTW) has made a fast move up in recent days since reversing off $0.00012 lows. The stock has quickly attracted a large growing shareholder base that continues to bid it higher.
TPT Global Tech bills itself as a Technology/Telecommunications Media Content Hub for Domestic and International syndication and also provides Technology solutions to businesses domestically and worldwide. TPT Global offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS) and carrier-grade performance and support for businesses over its private IP MPLS fiber and wireless network in the United States. TPT’s cloud-based UCaaS services allow businesses of any size to enjoy all the latest voice, data, media and collaboration features in today’s global technology markets. TPT’s also operates as a Master Distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO) as a Master Distributor for Pre-Paid Cellphone services, Mobile phones Cellphone Accessories and Global Roaming Cellphones.
TPT Global Tech, Inc. (OTCMKTS: TPTW) boasts significant fast growing sales reporting $3.6 million in revenues for the 3 months ended September 30, 2019 up from just $286k for the same period last year. TPTW also posted over $6 million in revenues for the 9 months ended September 30, 2019.
In October TPTW executed a Strategic Partnership agreement with Setelia SAS headquartered in Paris France. Through the Strategic partnership Setelia will certify and market TPT Global Tech’s 3D Smartphone and Mobile TV, VOD and Social Media platform to its 14 mobile provider clients throughout Europe, Middle East and Africa. Setelia’s largest Mobile client is France Telecom or Orange Mobile which has 256 Million customers worldwide.
Founded in 2005 by Charbel Sebaali and Malek Ouadi, both fascinated by mobile technology, telecoms and IT development, Setelia now has a strategic footprint in France, Belgium, UK, Spain, the Netherlands and Lebanon Middle East. Boasting a proud track record in telecoms, which has included working with the main telecoms operators and manufacturers, the company has successfully extended its expertise area to digital transformation and innovation for a wide range of corporate clients. Thanks to its growing and diversified services portfolio, Setelia is ideally-placed to design and manage end-to-end, tailor-made solutions, both locally and on the international market.
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TPT Global Tech will market Setelia’s products and Services in the United States and Latin America. Setelia is an expert in the area of IT, Network and Mobile technologies. Setelia supports its customers with a rich understanding of the Telecom sector and its challenges and delivers an in-depth expertise in IT Network and Mobile technologies with experience in large scale project.
“The TPT Global Tech, Setelia Strategic Partnership is one more step in TPT Global Tech’s preparation to Launch its 5G initiative in Rural America. The expertise that the Setelia team brings to our 5G effort in the United State we believe will prove invaluable in our corporate initiatives and execution. The strategic decision to partner with Setelia we believe will have a positive direct effect on our TPTW Financial statement and accelerates our marketing campaign to launch 5G Technology to Rural America. It also sets the stage for TPTG to deliver Mobile TV, Internet, Media Content and Phone services across 10 Midwestern States, Europe, Middle East and Africa utilizing our proprietary Network and Media delivery broadcast platform at the same time creating opportunities for the company to up list to a major exchange,” said Stephen Thomas CEO TPTG.
On January 29 TPTW announced the launch of its US Government Contracting division,” TPT Federal LLC”. The new company or Division will solicit State and Federal contracts focusing on four product silos, Telecommunications, Infrastructure, SaaS and Cyber Security. TPT Federal is developing relations with existing US Government Contractors, Latin American and European Cyber Security and infrastructure companies.
“I have been looking forward to moving TPT Global Tech into the US Government contracting space for some time now. It is a natural migration for TPT Global Tech to launch a US Government division utilizing all of TPT Global Tech’s technology assets. Along with our Domestic and International relationships we believe TPT Federal will be a great addition to TPT Global Tech core businesses.” said Stephen Thomas CEO TPTG.
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Currently trading at a $1mm market valuation TPTW has $27 million in current liabilities which has caused serious dilution in the past. The Company also has significant fast growing sales reporting $3.6 million in revenues for the 3 months ended September 30, 2019 up from just $286k for the same period last year. At current levels TPTW has attracted significant interest from Investors. We will be updating on TPTW when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with TPTW.
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Disclosure: we hold no position in TPTW either long or short and we have not been compensated for this article.