TPT Global Tech, Inc. (OTCMKTS: TPTW) continues to move higher in recent trading on booming volume regularly topping $500k to several million USD in trading volume. The stock traded in sub penny land for most of 2020 before skyrocketing well into pennyland in June quickly attacting legions of shareholders.
Microcapdaily has been reporting on TPTW since the beginning when the stock was in trple zeros reporting in the 3rd week of March – 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, Inc. (OTCMKTS: TPTW) is an exciting Company that has been plagued by convertible debt. the Company has significant fast growing sales. On May 20 TPTW filed its 10QSB reporting $3,064,822 in revenues for the 3 months ended March 1, 2020 up from just $142k for the same period last year. TPTW has seen significant growth through acquisition – the Company started off with an to ambitous plan to launch 5G Technology to Rural America. The Company plans to deliver Mobile TV, Internet, Media Content and Phone services across 10 Midwestern States, Europe, Middle East and Africa utilizing its proprietary Network and Media delivery broadcast platform.
TPTW took off in July when the Company announced an agreement to acquire San Diego based manufacturing company Aire Fitness which recently jumped on the covid .19 bandwagon with an innovative method for both testing and future vaccinating for the current Covid 19 pandemic, as well as future health epidemics. The Aire Fitness acquisition comes with United States Government CAGE code and SAMS Code which will be transferred to TPTW’s Federal contracts division, “TPT Federal”. The Codes have been registered in the Disaster Response Registry and recognized as a FEMA Industry Liaison Vendor. TPT Federal will now be able to bid on government contracts offering all TPTW products and services Telecom, Smartphone, Media, SaaS and Medical. TPT MedTech will also use the 15,000 square foot San Diego based manufacturing facility, located in a Chula Vista CA enterprise zone, as the companies Medical Division Operations headquarters and to produce the new TPT MedTech’s turkey Mobile Drive thru Covid 19 testing Pods.
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The acquisition was completed on June 5 with TPTW announcing – the newly acquired company, in which TPTW will own 75%, will operate under TPTW’s Medical division “TPT MedTech” www.tptmedtech.com. Aire Fitness, is a California LLC founded in 2014 focused on custom designing, manufacturing, and selling high-end turnkey outdoor fitness studios. Aire Fitness has contracted with YMCAs, Parks and Recreation departments, Universities and Country Clubs which are currently using its mobile gyms. Aire Fitness’ existing and future clients will be able to take advantage of TPTW’s upcoming Broadband, TV and Social Media platform to offer virtual classes utilizing the company’s mobile gyms. YTD 2020 through April, Aire Fitness generated generated $102,000 in revenues with approximately $60,000 of net income. Closing will occur upon completion of an appropriate audit by SEC standards of Aire Fitness financial information for inclusion in TPTW financial information and when the common stock is issued. The agreement calls for an employment agreement for Mario Garcia, former principal owner, which employment details have not been finalized.
TPT MedTech “Quiklab” developed a sequenced cohesive solution designed to address the risk of contracting COVID-19 inadvertently through touch or aerosolized. TPT MedTech “Quiklab” created this safety barrier with a two-phase independent Mobile Lab System. QUIKLAB CLEANSER Lab initially scans for fever, you enter lab and stand for 15 seconds while a fog (FDA APPROVED) eliminates 99.9% of topical viruses and bacteria. Upon completion the individual enters the QUIKLAB TESTING Lab for a mucosal swab. (13-15 min). This eliminates any individual who is COVID-19 active or appears symptom free. The QUIKLAB CLEANSER has significant applications well beyond just medical.
“Our “Quiklab” Business Use Case utilizes and showcases all of TPT Global Tech’s technology platforms strengths (Telecom, Media, SaaS, Medical and Smartphone) in a single business model pushing TPT Global Tech to the forefront in the fight against Covid 19 and beyond. At the same time we have positioned the company to deliver such an innovative testing and monitoring Healthcare and Telemedicine solutions to Companies, Government Agency and the general public domestically and internationally. We believe this unique product sets us apart from all the rest as we move deeper into this Global Pandemic while at the same time offering a day to day rapid testing and monitoring solution for everyday folks with or without Covid 19. Coupling “Quiklab” with our Telemedicine component in our upcoming Mobile TV and Social Media platform and our future SpeedConnect 4G+/5G Network infrastructure upgrade and expansion across our 10 State Rural Broadband network, we will feed 5G Data/Internet connections to our “Quiklab” customers across Rural America. As a New Generation Technology company it is important for TPT Global Tech to continue to diversify our portfolio of companies at the same time open up new markets and distribution channels to continue to expand our reach to deliver our Telecom, Media, Medical, SaaS and Smartphone technology platforms in the United States and Internationally ” said Stephen Thomas CEO.
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Currently trading at a $17m market valuation Microcapdaily has been reporting on TPTW since the stock was in triple zeroes. The Company has $27 million in current liabilities which has caused serious dilution in the past however management has stated they are not diluting now and wont RS. There is a lot to get excited about on TPTW, the Company has significant fast growing sales. On May 20 TPTW filed its 10QSB reporting $3,064,822 in revenues for the 3 months ended March 1, 2020 up from just $142k for the same period last yer. TPTW has an ambitous plan to launch a 5G Technology to Rural America. The Company plans to deliver Mobile TV, Internet, Media Content and Phone services across 10 Midwestern States, Europe, Middle East and Africa utilizing its proprietary Network and Media delivery broadcast platform. The big story on TPTW is its recent 75% acquisition of Aire Fitness which developed an innovative method for both testing and future vaccinating for the current Covid 19 pandemic, as well as future health epidemics. Several days ago TPTW announced with the completion of a recent manufacturing acquisition “Aire Fitness” the Company’s Medical Division, “TPT MedTech” has completed the manufacturing of what it believes is the first of its kind Mobile Turnkey Covid 19 Testing and Monitoring lab “Quiklab”. 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.