$MVTG: NEWS~~Mantra Venture Group Receives Over $1.2 Million in New Contracts
LONGWOOD, Fla., June 27, 2017 (GLOBE NEWSWIRE) -- Mantra Venture Group, Ltd, (OTC:MVTG) (the “Company”), is pleased to announce its AW Solutions subsidiary, a single-source provider of end-to-end next-generation wireless and wireline network solutions, to the service provider (carrier) and corporate enterprise markets, has received over $1.2 million in new contract awards. These new customer orders are to provide full and comprehensive professional services for: fiber network auditing and inspection; pre-construction site acquisition and engineering design services for the deployment of new state of the art, next generation small cell communications systems. Revenue from this work is expected to be realized in Q3 and Q4 of 2017.
Roger Ponder, CEO stated; "Since our last announcement, less than two (2) weeks ago, our sales, engineering and construction teams have closed on more significant new business adding to our backlog at an accelerated pace. These new orders again confirm AW Solutions’ unique position in the industry and the demand for their distinctive and proven suite of services within the enterprise and service provider markets. As we transition from Mantra Venture Group to Spectrum Global Solutions, we are positioning ourselves to take advantage of next-generation network growth opportunities throughout 2017 and beyond."
About Mantra Venture Group:
Mantra Venture Group Ltd. (MVTG) operates through its AW Solutions and Mantra Energy Alternatives subsidiaries.
AW Solutions (AW) is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean. The Company’s subsidiary Mantra Energy Alternatives is developing electrochemical technologies designed to make reducing greenhouse gas emissions profitable. For more information about the Company and its technologies visit the Company’s public filings at SEC.gov.
Forward-looking statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.
CONTACT:
Investor Relations
Mantra Venture Group, Ltd
561-672-7068
Source: Mantra Venture Group Ltd.
© 2017 GlobeNewswire, Inc.
http://www.otcmarkets.com/news/otc-market-headline?id=828906
LONGWOOD, Fla., June 27, 2017 (GLOBE NEWSWIRE) -- Mantra Venture Group, Ltd, (OTC:MVTG) (the “Company”), is pleased to announce its AW Solutions subsidiary, a single-source provider of end-to-end next-generation wireless and wireline network solutions, to the service provider (carrier) and corporate enterprise markets, has received over $1.2 million in new contract awards. These new customer orders are to provide full and comprehensive professional services for: fiber network auditing and inspection; pre-construction site acquisition and engineering design services for the deployment of new state of the art, next generation small cell communications systems. Revenue from this work is expected to be realized in Q3 and Q4 of 2017.
Roger Ponder, CEO stated; "Since our last announcement, less than two (2) weeks ago, our sales, engineering and construction teams have closed on more significant new business adding to our backlog at an accelerated pace. These new orders again confirm AW Solutions’ unique position in the industry and the demand for their distinctive and proven suite of services within the enterprise and service provider markets. As we transition from Mantra Venture Group to Spectrum Global Solutions, we are positioning ourselves to take advantage of next-generation network growth opportunities throughout 2017 and beyond."
About Mantra Venture Group:
Mantra Venture Group Ltd. (MVTG) operates through its AW Solutions and Mantra Energy Alternatives subsidiaries.
AW Solutions (AW) is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean. The Company’s subsidiary Mantra Energy Alternatives is developing electrochemical technologies designed to make reducing greenhouse gas emissions profitable. For more information about the Company and its technologies visit the Company’s public filings at SEC.gov.
Forward-looking statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.
CONTACT:
Investor Relations
Mantra Venture Group, Ltd
561-672-7068
Source: Mantra Venture Group Ltd.
© 2017 GlobeNewswire, Inc.
http://www.otcmarkets.com/news/otc-market-headline?id=828906
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