TPT Global Tech Updates The Stock Day Podcast on Its 2020 Growth Strategy
Phoenix, Arizona--(Newsfile Corp. - June 22, 2020) - The Stock Day Podcast welcomed TPT Global Tech (OTCQB: TPTW) ("the Company"), a technology-based company with divisions providing telecommunications, medical technology and product distribution, media content for domestic and international syndication as well as technology solutions. CEO of the Company, Stephen Thomas, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's recent press release detailing the completed manufacturing of their mobile COVID-19 testing and monitoring lab, Quiklab. Thomas shared that the Company recently purchased the Aire Fitness manufacturing facility in San Diego. "What we've done is we've taken that manufacturing facility and we've converted it with the ability to manufacture the mobile COVID-19 testing facility," said Thomas. "Not only will we be able to test for COVID-19, but we'll be able to test for other types of situations as well, including vitamin deficiencies and influenza," Thomas continued.
"We see a huge market for COVID-19 testing in the US and abroad. We're excited to be a part of it and be able to manufacture these turnkey solutions for government agencies and corporations so that they can test and monitor their employees on a daily or weekly basis," shared Thomas, adding that the Company will be one of the first to market with this type of solution.
The conversation then turned to the Company's 4G/5G upgrade project. "COVID-19 has really slowed down our ability to start the upgrade," explained Thomas. "To date, we've upgraded about 30% of our US networks to the 4G/5G network," he shared. "Now that things are opening back up it's gotten a little easier for us to deploy the network a little bit faster."
Jolly then asked about the Company's strategy in raising capital. Thomas shared that the Company considered moving forward with a 506(B), but decided to give their shareholders the opportunity to invest into the Company while raising funds. "We decided to do what's called a Reg A+, which is a registered security," explained Thomas. "We are just finishing up the private placement documents, the auditors are under review, and once they're through with the review we will put it out into the marketplace."
"Where are we at with the company's convertible debt?" asked Jolly. "I shared in our last interview that the convertible debt guys had basically converted all of their shares that were in reserve," said Thomas. "We're really excited. Those guys are pretty much on the sidelines now," he continued. "We're still in negotiation with the final two and I'm hoping to have resolution with those guys here in the next week or so."
To close the interview, Thomas shared that the Company has a strong emphasis on the diversification of their business. "In all of these acquisitions that we do there is a purpose or meaning behind it," said Thomas. "In early telecom, the value was owning the network. In 2020, the value is not in owning the network, the value is in what's going through the network."
To hear the entire interview with Stephen Thomas, follow the link to the podcast here: https://audioboom.com/posts/7613464-tpt-global-tech-updates-the-stock-day-podcast-on-its-2020-growth-strategy
About TPT Global Tech
TPT Global Tech Inc. (OTCQB: TPTW) based in San Diego, California, is a technology-based company with divisions providing telecommunications, medical technology and 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), 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 Cellphone services, Mobile phones Cellphone Accessories and Global Roaming Cellphones.
This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Specifically, statements about the Company's plans for accelerated growth, improved profitability, future business partners, M&A activity, new service offerings, and pursuit of new markets are forward-looking statements. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. The information contained in such statements is beyond the ability of the Company to control, and in many cases, the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.
About The "Stock Day" Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58305