TPT GLOBAL TECH INC - TPTW STOCK NEWS

TPT Global Tech announces that it has regained full compliance status with the SEC and OTC Markets after a delay caused by a subsidiary's late submission of financial records. The company promptly rescinded the acquisition linked to the delayed filing and integrated the required financial information, ensuring it is back on track with regulatory obligations.

TPT Global Tech announces temporary loss of 15c2-11 compliance status due to delay in filing financial information for newly acquired subsidiary

TPT Global Tech acquires 60% ownership in Tekmovil Holdings, generating $210 million in revenue but with a net loss of $32M. Integration of VuMe Super App into Tekmovil's mobile devices expected to deliver unrivaled content experience. Acquisition includes two payments totaling $40 million. Funding from existing capital raise, debt financing, or proposed public offering.

TPT Global Tech proposes to acquire 60% ownership of Tekmovil, aiming to launch the VuMe Super App in 16 countries across the Americas. Tekmovil generated approximately $210 million in revenues in the last twelve months. The acquisition will provide distribution channels and potential partnerships for VuMe in Latin America.

TPT Global Tech announces the acquisition of Broadband Infrastructure, Inc. for $9 million. The acquisition will strengthen TPT Global Tech's presence in the Southeast and enhance its Smart City developments and wireless broadband services nationwide.

TPT Global Tech Inc. and its subsidiary TPT Strategic, Inc. have completed a Real Estate Land Purchase and JV Real Estate Development Partnership Agreement with Julisabar Holdings LLC. TPT Strategic, Inc. acquired 1.2 acres of land in Charlotte, NC for $1 million, paid in the form of TPTW Series E Preferred Stock. The partnership aims to develop an 80-unit affordable housing and sustainable apartment complex on the acquired land.

TPT Global Tech Inc. (OTCQB:TPTW) has announced the completion of a merger with Asberry 22 Holdings Inc. (ASHI). This strategic move will see TPTW maintain approximately 85% ownership of its subsidiary TPT SpeedConnect, enabling the consolidation of its financial statements. The merger, valued with a $500,000 convertible promissory note due in 180 days, is expected to facilitate growth and capital raising efforts. TPT SpeedConnect has recently upgraded its network to 4G+/5G standards and has commenced marketing in Texas, Idaho, and Arizona. CEO Stephen J. Thomas III emphasized the merger's potential to create a strong platform for service enhancement and market expansion. The headquarters will remain in San Diego, CA.

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.