FTE Networks Secures Secondary Contract With Fortune 500 Company Valued up to $8 Million

Company Signs Third Major Contract in 2016, Totaling More Than $150 Million in Revenue NAPLES, FL FTNW, (Marketwired April 13, 2016) FTE Networks, Inc. (OTCQB: FTNW) ( FTE or the Company ), a leading networking infrastructure service solutions provider in the technology and telecommunications vertical, announced today that it has been awarded a multi-year contract with a leading telecommunications carrier valued up to $8 million. This additional contract began on April 1, 2016 and will continue over the next three years. FTE was awarded this ancillary contract as a follow-up to a previous engagement with the telecom leader. Under the terms of this contract, FTE will expand its operations to include Dallas/Ft. Worth and Oklahoma City. As previously announced, FTE will open offices in Texas and Oklahoma and expand its current office locations in Kansas and Missouri. FTE is pleased to announce that we will be expanding our scope of services with this premier telecommunications carrier,
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