TPT Strategic Inc., a subsidiary of TPT Global Tech (OTC PINK: INOQ), has been awarded a $250 million five-year Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract by the Department of Interior and Forest Service for Design-Build Construction Services. This contract allows for services across multiple states, including Alabama, Florida, Georgia, Kentucky, Tennessee, and Texas, and is accessible to all DOI and FS agencies. IST, with over 15 years in federal contracting, will handle a variety of responsibilities such as design services, renovations, and utility installations, thereby enhancing its capacity to serve government clients.
TPT Strategic Inc. (OTC PINK: INOQ) has announced that its division, Information Security and Training, LLC (IST), received a $518,578.50 contract for pavement patching from the City of Birmingham, AL. To date, IST has collected $147,700 in revenue from this contract. IST will be responsible for asphalt and concrete roadway patching, along with curb and gutter replacements across various Birmingham locations. The company emphasizes its commitment to project management and quality control to meet city standards. CEO Stephen Thomas highlighted the firm’s capabilities in government contracting and its dedication to improving infrastructure.
TPT Global Tech, Inc. (OTC PINK:TPTW) announced a $362,210 contract win from the National Park Service for hazardous tree removal at the Natchez Trace Parkway. This comes shortly after a $2.86 million renewal for another project at Fort Hood. The company's subsidiary, TPT Strategic, aims to leverage these contracts for ongoing growth, supporting its $38M Reg A Private Placement fundraising. TPT Global Tech focuses on technology and telecommunications solutions and is positioned to advance its Smart City initiatives.
TPT Global Tech, Inc. (TPTW) announced the successful completion of a $2.89M highway construction project by its subsidiary TPT Strategic Inc. and acquired company IST LLC, for the Federal Highway Administration. This project, known as Mammoth Cave Paving, was completed in September 2022. IST, based in Huntsville, Alabama, has a backlog of approximately $5.4M in government contracts and a bonding capacity of $10M per project. TPT Global Tech aims to leverage IST's expertise to advance its Tuskegee Smart City project, enhancing its growth prospects in technology and construction sectors.
TPT Global Tech, through its subsidiary TPT Strategic, has successfully acquired Information Security and Training LLC (IST LLC), a construction and IT services firm, for Preferred Series B shares convertible to 10% ownership. IST, based in Huntsville, Alabama, has $5.4M in backlogged revenue from government contracts. The acquisition involves the assumption of $1.3M in assets and $1.2M in liabilities. IST's founder, Everett Lanier, will remain President and join the board. The merger strengthens TPT's focus on real estate construction technology and Smart City development.
TPT Global Tech has announced the acquisition of IST LLC, an Alabama-based construction and IT services firm, with a backlog of $9.5M in government contracts as of April 30, 2022. The transaction involves 2 million common shares issued to founder Everett Lanier, estimated to represent 10% of TPT Strategic's outstanding shares. IST's operations are expected to bolster TPT Global Tech's Tuskegee Smart City project and enhance its government contracting capabilities. IST has over 15 years of experience in the federal marketplace.