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MBG Holdings, Inc (OTC Pink: MBGH) announced a delay in filing its Annual Form 10-K with the SEC due to a sudden change in accounting firms, as noted in a Form 8-K filed on March 30, 2023. The company has submitted an extension request and is collaborating with a newly appointed auditor who has enhanced resources and has commenced audit operations. MBG Holdings operates through Onepath Systems, LLC and AMR Resources, LLC, offering extensive IT and telecommunications lifecycle solutions. Their services encompass deployment, decommissioning, system/network planning, and electronic security for various sectors, including technology, healthcare, and government. The company emphasizes that forward-looking statements made are subject to risks and uncertainties that could affect future results.
MBG Holdings has signed an agreement with Celtic FC, a prominent soccer club in Scotland, to install its Amply-5 network at Celtic Park Stadium. This initiative aims to create a private 5G uplink broadcast network that offers 4K quality speeds and improved connectivity for fans and staff. The Amply-5 system is designed to amplify speed, minimize blind spots, and expand coverage in crowded environments. By leasing bandwidth or access points for public use, MBG anticipates new revenue streams that will be shared with Celtic FC over the coming years. The partnership emphasizes enhancing the fan experience at matches while opening potential opportunities for similar implementations in other European stadiums.
MBG Holdings, Inc (OTC Pink: MBGH) has appointed David LaBree as Chief Technology Officer (CTO) of its AMR Resources subsidiary, effective immediately. LaBree brings 40 years of extensive telecom network experience and a proven track record in planning and engineering large-scale telecommunications systems. CEO James Frinzi emphasized LaBree's expertise is crucial as AMR develops new products and navigates the transition to 5G technology. AMR Resources specializes in various telecommunications services, aiming to enhance growth and innovation under LaBree's leadership.
MBG Holdings, Inc (OTC Pink: MBGH) has appointed Samantha Sondrup as Chief Operating Officer, effective immediately. Sondrup, previously the Senior Vice President and Chief of Staff, will drive operational results and oversee the newly adopted MBGH Growth Strategy, particularly the ASPire product line and Amply-5 Private Networks division. Chairman and CEO James Frinzi highlighted her leadership skills and pivotal role in company growth. The release also noted the resignation of Jeremie Peterkin as Chief Financial Officer. Sondrup's extensive experience in telecommunications positions her well to enhance operational efficiency and spearhead new initiatives for the company.
MBG Holdings, Inc has appointed Jason Lohe and Paul Twitchell to its Board of Directors, effective immediately, following the resignation of Chief Financial Officer Jeremie Peterkin and Board Director Angela Paxton. Twitchell brings over 30 years of financial executive experience, having co-led investment strategies at Whitebox Advisors. Lohe has over 20 years of experience in revenue generation and strategic planning, contributing to various industries including sports and finance. The appointments aim to align with MBGH’s growth strategies as the company progresses in telecommunications and IT lifecycle solutions.
MBG Holdings, Inc (OTC Pink: MBGH) has secured a significant contract to develop and deploy cellular and fiber networks for TechFort, a large-scale technology hub project in Dover, England. This venture grants MBG exclusive rights to implement a neutral host network and a private 5G network within a 40-acre campus, which will include office spaces and entertainment venues.
The initiative marks MBG's entry into international network ownership, with projected revenues in the tens of millions. TechFort aims to foster innovation and support tech startups, solidifying MBG's position in the evolving landscape of telecommunications and smart city technologies.
American Metals Recovery and Recycling, Inc. (now MBG Holdings, Inc., ticker: MBGH) has officially changed its name, reflecting a strategic shift from metal recycling to IT and telecom services. The Nevada Secretary of State approved the filings, with FINRA announcing the ticker change on February 21, 2023. CEO James Frinzi emphasized that this change aligns with the company’s focus on telecommunications and IT solutions, enhancing brand recognition. MBG Holdings operates through Onepath Systems and AMR Resources, specializing in a range of services including system/network planning, electronic security, and data destruction. This rebranding aims to position the company favorably in the telecom sector.
American Metals Recovery and Recycling, Inc. (AMRR) has officially changed its name to Multiband Global Holdings, Inc. (MGBH), with the updated ticker symbol MBGH. The name change, approved by the Nevada Secretary of State and FINRA, reflects the company's strategic shift towards the telecom sector, emphasizing IT services and telecommunications innovations. CEO James Frinzi stated that this move signifies a transformation from a focus on metal recycling to a more advanced business identity in technology and telecom. Multiband Global Holdings specializes in various IT and network lifecycle solutions, serving clients across multiple industries including technology and healthcare.
American Metals Recovery and Recycling (AMRR) reported significant growth in 2022, following the acquisition of AMR Resources, LLC, which expanded its service offerings in telecommunications and network lifecycle solutions. By November, AMRR achieved over $46M in gross revenues, primarily from its subsidiary. The rebranding to MBG and the launch of innovative products like the Helios energy solutions and the Amply-5 network suite showcased AMRR's commitment to modernizing IT services. Moreover, the acquisition of a patent for cellular radio shroud technology is set to enhance future network capabilities. CEO James Frinzi emphasized the company’s robust growth plan amidst rising global demand for its services.
American Metals Recovery and Recycling (AMRR) has launched the MBG Amply-5 Private Networks, a 5G-capable solution designed to enhance enterprise connectivity. This network utilizes a combination of unlicensed 5G spectrum, Wi-Fi, fiber, and mmWave technologies, offering extensive coverage from outdoor campuses to city-wide areas.
CEO James Frinzi notes that this solution is cost-effective compared to traditional systems, allowing for scalable network expansions. Target markets include hospitals, universities, and corporations, facilitating improved 5G access and supporting IoT technologies.
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