Tpt Global Tech Stock Price, News & Analysis

TPT Global Tech, Inc. (OTC PINK:TPTW) announced that its subsidiary, TPT Strategic Inc., has been awarded a five-year, $250 million Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract for Design-Build Construction Services from the Department of Interior and Forest Service. This contract will allow Information Security and Training, LLC (IST) to provide various construction services across the continental US and Hawaii. With over 15 years of experience in government contracting, IST will compete against a limited number of contractors in six states, enhancing its chances for further awards. CEO Stephen Thomas emphasized IST’s commitment to innovation and exceptional service.

TPT Global Tech (OTC PINK:TPTW) announced that its subsidiary, TPT Strategic, secured a $518,578.50 pavement patching contract from the City of Birmingham, AL. The ongoing project began in September 2022 and has already billed $147,000. TPT Strategic's Information Security and Training, LLC division oversees asphalt and concrete roadway patching, along with project management and quality control. CEO Stephen Thomas expressed satisfaction with the city contract, highlighting IST's government contracting experience. IST, based in Alabama, has worked with over 15 federal agencies and boasts a bonding capacity of $10M per project.

TPT Global Tech (OTC PINK:TPTW) has announced that its subsidiaries, TPT Strategic and Information Systems Technology (IST), have secured a $357.9 million Letter of Intent for a vertical construction loan from Dallas-based banks, LNH Capital and Prime One Lending Group. This funding will support Smart City projects in Alabama, pending underwriting and appraisal processes. The CEO of TPT Global Tech, Stephen Thomas, expressed optimism that this loan will facilitate immediate progress on planned developments, enhancing local housing and job markets. The company aims to leverage this opportunity to promote economic growth in Birmingham and other areas in need.

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 (OTC PINK:TPTW) announced the renewal of a $3.93 million contract by the US Navy for fire suppression and alarm services at Naval Air Station Meridian, Mississippi. This follows a recent $2.86 million contract renewal for a Fort Hood project. The subsidiary, IST, will manage the four-year contract that includes essential inspection and maintenance services. TPT's Chairman emphasized the importance of government contracts and their anticipated OTCQB status recovery. The company is also positioning for its Smart City project with IST's expert team.

TPT Global Tech (TPTW) announced a Strategic Investment Partnership Agreement with Black Pearl Investments to collaborate on smart city initiatives and real estate development. This partnership aims to leverage dedicated credit facilities for projects in Alabama, focusing on sustainable development and infrastructure.

TPT Global's real estate division will manage the development, following its acquisition of Information Systems Technology. The agreement promises potential revenue growth and shareholder value through strategic investment in innovative technologies.

TPT Global Tech has announced that its subsidiary, TPT Strategic, has secured its third contract with the U.S. Army, valued at $2,862,435. This three-year contract involves supporting the fielding of Stryker vehicles and managing logistics related to deployment and retrofitting. CEO Stephen J Thomas III stated that this contract marks the start of TPT Global Tech's entry into the government contracting market, with more contracts anticipated as part of their growth strategy.

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.