Spectrum International Options Offers Replace on Merger with Excessive Wire Networks

Monday, March 1, 2021, 2 PM MST

SGSI Appoints Mark Porter as New CEO

BOCA RATON, Fla., and BATAVIA, Ailing., March 01, 2021 (GLOBE NEWSWIRE) — Spectrum International Options Inc. (the “Firm” or “Spectrum”) (OTCQB: SGSI), a single-source supplier of next-generation communications community {and professional} providers to telecommunications and enterprise markets, gives an replace on the Firm’s merger (the “Merger”) with Excessive Wire Networks Inc. (“Excessive Wire”) and broadcasts the appointment of Mark Porter as the brand new CEO of Spectrum. 

All however one of many closing circumstances of the Merger have now been happy or waived by the events.  The lone remaining closing situation considerations a pending Paycheck Safety Program Mortgage Forgiveness Utility submitted by one in all Spectrum’s subsidiaries. Closing the Merger after Small Enterprise Administration (SBA) forgiveness prevents a change of management occasion beneath SBA guidelines that may jeopardize the forgiveness and affect the Firm’s P&L for 2021. The Firm submitted its forgiveness software in accordance with Paycheck Safety Program guidelines and expects forgiveness within the very close to future. 

“As we close to the following part of our journey, the Board of Administrators has requested that Mark Porter lead Spectrum International Options as its new CEO, as we work in direction of reaching an inventory on a nationwide alternate,” stated Roger Ponder, Chairman of SGSI. “We’re assured in Mark and his excellent group as they work in direction of Spectrum’s continued success.”

“I’m very excited concerning the merger with Spectrum and have accepted the appointment as CEO upfront of the Closing with a view to speed up the tempo of integration and get everybody targeted on the identical imaginative and prescient, to make this a world class group,” stated Porter.    

About Spectrum International Options Spectrum International Options Inc. operates via its subsidiaries ADEX Corp., Tropical Communications Inc. and AW Options Puerto Rico LLC. The Firm is a number one supplier of telecommunications engineering and infrastructure providers throughout the US, Canada, Puerto Rico and Caribbean. For extra details about the Firm and its applied sciences go to the Firm’s public filings at www.SEC.gov or the Firm’s web site at https://SpectrumGlobalSolutions.com/ About Excessive Wire Networks For 20 years, Excessive Wire Networks has been a trusted companion to VARs, MSPs, distributors, integrators, producers, and telecom suppliers by enabling them to reduce overhead whereas extending supply capabilities world wide. Our versatile workforce delivers vendor-agnostic technical discipline, skilled and safety providers in additional than 180 nations. Our providers embrace design, set up, configuration, and help for unified communications, wired and wi-fi networks, cabling and infrastructure, and electrical methods. Our new Overwatch Managed Safety Platform-as-a-Service allows our companions to ship complete cybersecurity that’s simple to promote and simple to purchase for an reasonably priced subscription. We additionally provide quite a lot of on-demand, rapid-response options with service ranges starting from two hours to the following enterprise day for onsite break-fix and distant technical help. With Excessive Wire Networks, companions Get Work Carried out. Study extra at http://www.highwirenetworks.com

Ahead-Trying Statements: The above information launch accommodates forward-looking statements. The statements contained on this doc that aren’t statements of historic reality, together with however not restricted to, statements recognized by way of phrases similar to “anticipate,” “seem,” “imagine,” “may,” “estimate,” “anticipate,” “hope,” “point out,” “intend,” “probably,” “might,” “would possibly,” “plan,” “potential,” “challenge,” “search,” “ought to,” “will,” “would,” and different variations or damaging expressions of those phrases, together with statements associated to anticipated market tendencies and the Firm’s efficiency, are all “forward-looking statements” throughout the which means of the Personal Securities Litigation Reform Act of 1995 and contain a variety of dangers and uncertainties. These statements are primarily based on assumptions that administration believes are cheap primarily based on at the moment obtainable data, and embrace statements relating to the intent, perception or present expectations of the Firm and its administration. Potential buyers are cautioned that any such forward-looking statements will not be ensures of future performances and are topic to a variety of exterior components, uncertainties, enterprise dangers, and different dangers recognized in filings made by the corporate with the Securities and Trade Fee. Precise outcomes might differ materially from these indicated by such forward-looking statements. The Firm expressly disclaims any obligation or enterprise to replace or revise any forward-looking assertion contained herein to mirror any change within the firm’s expectations with regard thereto or any change in occasions, circumstances or circumstances upon which any assertion relies besides as required by relevant regulation and rules.

Investor Relations Spectrum International Options www.SpectrumGlobalSolutions.com/  561-672-7068 

Media Relations Susanna Tune Director of Advertising and Communications Excessive Wire Networks 630-635-6717  [email protected]

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