$GTCH A SAM registration is required for any entity to bid on and get paid for federal contracts or to receive federal funds, including for nonprofit, profit businesses, government contractors/subcontractors, and local cities. The SAM (www.sam.gov) system is a central registration point for government contractors and suppliers. This is part of GBT’s GSA (General Services Administration) application to get approved to sell to the United States Government through the U.S. General Services Administration (GSA). While federal contract opportunities have differing requirements, there is a fundamental set of information that is applying to all applicants. The GSA is the purchasing department of the U.S. Government and lists contracts or schedules potential vendors that can bid on to get government business. To become eligible to bid on a GSA schedule, it is required to complete several important steps, among them are registering in the government's SAM (System for Award Management), and providing previous customer contact information as a means for the GSA to perform a past performance evaluation. More information can be found on GSA web site at: Home (gsa.gov)
https://www.nasdaq.com/press-release/gbt-succ...2021-06-02
Consider all my posts my opinion and not advice to buy or sell anything. I post on stocks I own or am considering owning. Do your own DD!