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Tuesday, November 29, 2022

TPT Global Tech, Inc. (OTCMKTS: TPTW) Big Move After Black Pearl Investments Announces Funding & Strategic Partnership to initiate ‘Green Smart City Projects’

TPT Global Tech, Inc. (OTCMKTS: TPTW) is making an explosive move up the charts rocketing up over 70% on Wednesday on well over $2 million in dollar volume on the day after Black Pearl Investments, a rapidly emerging NYC-based investment firm announced it has agreed to a funding and strategic partnership to invest $650 Million USD with OTC TPTW to initiate its ‘Green Smart City Projects’ beginning with Tuskegee, Alabama. TPTW’s Alabama Green Smart City and Green Smart Industrial Park projects will be the primary driver for the development through a separate TPT Global Tech, Inc. SPV (Special Purpose Vehicle) with BPI. 

TPTW CEO Stephen J. Thomas III said, ” The Smart City Development projects domestically and internationally have been a substantial part of our broader strategic plans, and the investment through this SIPA and the revenue opportunities in Alabama, we believe has the potential to drive shareholder value for some years to come. We are buoyed by the confidence that Mr. Chantengco has shown with his decision to enter into this Strategic Investment & Partnership Agreement with TPTW. He clearly understands the long-term relevance that new Smart City Development initiatives can have on our communities and the economic environment of regions in need across the United States and abroad.” 

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TPT Global Tech, Inc. (OTCMKTS: TPTW) based in San Diego, California, is a technology-based company with divisions providing telecommunications, medical technology, product distribution, media content for domestic and international syndication as well as technology solutions. TPT Global Tech offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), and Cloud-based Unified Communication as a Service (UCaaS). It offers 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 Global Tech 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 Cell phone services, Mobile phones Cell phone Accessories, and Global Roaming Cell phones.  

Earlier this year TPTW completed the acquisition of Information Security and Training LLC (IST) a General Construction and Information Technology Services company with approximately $5.4M in backlogged revenue as of December 31, 2021, from executed Government contracts. IST is based in Huntsville, Alabama and has branch offices in Nashville TN, Birmingham Al, Jackson MS, Fort Campbell KY, New Orleans LA, and Joint Base Lewis-McChord. IST has divisions in Construction and IT Technology and is a general contractor with experience since 2008 The Company has completed more than 15 projects for different agencies in the Federal marketplace since its inception in 2008 as a contractor. IST has been providing design-build construction, demolition, abatement, earthwork, concrete, steel and metal work, masonry, underground utilities, environmental protection, and site restoration services. 

The TPT Strategic and IST, LLC agreement for the acquisition is a stock transaction where the founder and sole interest holder, Everett Lanier, is to receive Preferred Series B shares of TPT Strategic that will convert to a 10% ownership of TPT Strategic under certain conditions. The acquisition includes the assumption of all assets and certain liabilities which approximate $1.3M and $1.2M, respectively, as of December 31, 2021. Unaudited revenues and net income for IST the year ended December 31, 2021 were approximately $2.8M and $167,000 respectively. Everett Lanier will remain as the President and will become a Board Member of TPT Strategic.  

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With the acquisition of IST, TPT Strategic has been restructured as the new Real Estate construction technology and Smart City Development division of TPT Global Tech. The company also believes there are many cross-pollination business opportunities that will help TPT Global Tech with its long-term corporate objectives. IST has a full-time government procurement team that dedicates resources to source State and Federal contracts such as 5G Telecommunication, IT, Data, Satellite Technology, Medical Technology, Media, Defense Systems, Cyber Security and infrastructure building. 

In October TPT Global announced its subsidiary TPT Strategic Inc. (OTC PINK:INOQ)(“TPT Strategic”) and its newly acquired construction company, Information Security and Training LLC (www.istincs.com) a General Construction and Information Technology Services company have successfully concluded its $2.89M 2-year Highway construction project, MAMMOTH CAVE PAVING, National Park Services, Mammoth, KY for the Federal Highway Administration Eastern Federal Lands Highway Division, September 2022. IST has approximately $5.4M backlogged in executed Government contracts, as of April 2022, and looks forward to beginning work on each of them. 

On November 4 TPTW announced IST, a division of its subsidiary, TPT Strategic Inc. (OTCBB: INOQ)(“TPT Strategic”), (www.istincs.com) a General Construction and Information Technology Services company has been awarded its third 3-year contract renewal valued at $2,862,435.00 with the U.S. Army Contracting Command, Stryker Division. Information Systems Technology (IST) will support the Initial Fielding of Stryker vehicles, Army Training and Education. The company will also create, maintain and track all logistical programmatic-related issues about the fielding, deployment, retrofitting, and prep for reset/reissue of Stryker vehicles. 

 

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Currently trading at a $5 million market valuation TPTW OS is 1,098,339,928 with 769,773,050 in the public float. The Company is making some really big moves; Earlier this year TPTW completed the acquisition of Information Security and Training LLC (IST) a General Construction and Information Technology Services company with approximately $5.4M in backlogged revenue. They also recently completed a $2.89M 2-year Highway construction project, MAMMOTH CAVE PAVING, National Park Services, Mammoth, KY. TPTW also announced a 3-year contract renewal valued at $2,862,435.00 with the U.S. Army Contracting Command, Stryker Division through its subsidiaries. “This is the first of a planned series of federal contracts the company is expecting as a result of the completion of its IST acquisition,” said Stephen J Thomas III, Chairman & CEO of TPT Global Tech. Currently the stock is running after Black Pearl Investments, a rapidly emerging NYC-based investment firm announced it has agreed to a funding and strategic partnership to invest $650 Million USD with OTC TPTW to initiate its ‘Green Smart City Projects’ beginning with Tuskegee, Alabama.  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.

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