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Tuesday, November 29, 2022

TPT Global Tech, Inc. (OTCMKTS: TPTW) Heats Up

TPT Global Tech, Inc. (OTCMKTS: TPTW) is making an explosive move up the charts recently surpassing a penny after rising up out of triple zero land. The stock has transformed into a volume leader attracting legions of new shareholders who continue to bid it higher.

There is plenty to get excited about on TPTW which boats impressive revenue growth of $3 million in sales for the first 3 months of 2020 and boasts an ambitious 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.

TPT Global Tech Inc. (OTC: TPTW) is a Technology/Telecommunications Media Content Hub for domestic and International syndication and also provides technology solutions to businesses domestically and worldwide. TPT Global Tech Inc. 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.

In October of last year 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. The partnership with Setelia, a $50M per year European Technology certification company, marks a huge step forward for TPTW plan to launch a 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.

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TPTW

Earlier this year TPTW completed the acquisition of a majority of Bridge Internet, LLC. The company acquired 75% of Bridge Internet for 8M shares of common stock of TPTW, 4M of which vest equally over two years. As sufficient funding is raised by the Company, defined as around $3M, marketing funds of up to $200,000 per quarter for the next year will be provided and a formal employment agreement will be created for Trip Camper. Tower industry Veteran, Founder and CEO of Bridge Internet, Trip Camper, will retain the remaining 25% of Bridge Internet and stay on as the CEO, as well as become the acting CEO of TPT Speed Connect LLC.. Speed Connect LLC’s assets were acquired by the Company in May of 2019 and conveyed into a wholly owned subsidiary TPT SpeedConnect, LLC.. TPT Speed Connect is one of the largest Rural Wireless Internet Service Providers in the United States with operations in 10 Midwestern States.

On April 30 TPTW received a loan under the SBA’s Payroll Protection Program of approximately $720,000. This loan will be used for payroll, medical premiums and rent in accordance the rules for loan forgiveness which the Company plans to apply for at the appropriate time.

“We are very pleased that TPT Global Tech and its subsidiaries received a loan under the SBA’s Payroll Protection Program. We are trying to maintain all employees during this difficult time. Film and TV production work has come to a complete stand still in Los Angeles due the Covid 19. In our rural American Midwestern internet market it has been very hard for our field techs to service our internet customers and for any significant frequency changes to occur.” said Stephen Thomas CEO TPTG.

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Currently trading at a $7m market valuation TPTW 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. 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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1 COMMENT

  1. No mention of the $38 million deficit in the 10K? What about being 5 Billion shares OVER their A/S in convertible notes? Or the lack of 8Ks for their “federal Division, medtech division” and the PPP that they allegedly got? What about m$ex? They are said to have gotten PPP funds. FOMO is real.

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