web analytics

The Inside Scoop on Digerati Technologies Inc (OTCMKTS: DTGI)

0

Digerati Technologies Inc (OTCMKTS: DTGI) is an exciting Company making big moves in small caps and currently heating up and running northbound. The stock got another boost after the Company reported it has engaged Maxim Group LLC as its financial advisor to assist the Company in articulating its growth strategy to the investment community and with its aspiration to up-list to the Nasdaq or NYSE American stock exchange.

DTGI is a growth story currently in the process of acquiring a number of Companies and recently secured FCC approval of its acquisition of Nexogy, Inc. and entered into a LOI on its 4th acquisition. The combined business will triple the Company’s business user base and in the aggregate total over $14 million in annual revenue.

Digerati Technologies Inc (OTCMKTS: DTGI)is a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the business market. Through its subsidiary, T3 Communications. the Company is meeting the global needs of businesses seeking simple, flexible, reliable, and cost-effective communication and network solutions, including cloud PBX, cloud mobile, Internet broadband, SD-WAN, SIP trunking, and customized VoIP services, all delivered on its carrier-grade network and Only in the Cloud™.

in June DTGI reported financial results for the three months ended April 30, 2020, the Company’s third quarter for FY2020. Revenue increased to $1.566 million compared to $1.485 for the third quarter of FY2019, driven by organic growth.

To Find out the inside Scoop on DTGI Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

DTGI

During the third quarter, the Company secured FCC approval of its acquisition of Nexogy, Inc. and entered into a Letter of Intent (LOI) on its 4th acquisition. The combined business (Nexogy and fourth (4th) acquisition) will triple the Company’s business user base and in the aggregate total over $14 million in annual revenue with improved EBITDA from further consolidation savings derived from the additional acquisitions. The Company  reported during the quarter that it plans to close these transactions under a larger and lower cost financing facility.    It has continued to work closely with its lenders during the COVID-19 Pandemic to establish funding availability beyond what is required for the current transactions, thus allowing for acceleration of its acquisition strategy in the future. The Company and Nexogy have extended the outside date for closing the transaction to June 30, 2020. The Company’s fourth (4th) acquisition under LOI has also been extended.

On August 11 DTGI announced it has engaged Maxim Group LLC as its financial advisor to assist the Company in articulating its growth strategy to the investment community and with its aspiration to up-list to the Nasdaq or NYSE American stock exchange. Digerati is looking to list on a national exchange in a bid to capitalize on its growth through the broad and developed investor base of the major capital markets. The Company believes an up-listing will enhance its visibility in the marketplace, increase the liquidity of its stock, and build long-term shareholder value. The timing and viability of any up-list process will be dependent on a multitude of factors, including but not limited to, the Company’s future revenues and market capitalization as well as overall market conditions.

We have a Monster Pick Coming. Subscribe Right Now!

Currently on the move DTGI is fully reporting OTCQB and a very exciting story developing in small caps; DTGI is a growth story currently in the process of acquiring a number of Companies and recently secured FCC approval of its acquisition of Nexogy, Inc. and entered into a LOI on its 4th acquisition. The combined business will triple the Company’s business user base and in the aggregate total over $14 million in annual revenue. The stock got another boost after the Company reported it has engaged Maxim Group LLC as its financial advisor to assist the Company in articulating its growth strategy to the investment community and with its aspiration to up-list to the Nasdaq or NYSE American stock exchange. We will be updating on DTGI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with DTGI.

Sign Up now for our 100% FREE Penny Stock Newsletter

Disclosure: we hold no position in DTGI either long or short and we have not been compensated for this article.

Share.

Leave A Reply

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.