Spectrum Reduces Issued and Outstanding Common Stock by More than 124 Million Shares

LONGWOOD, Fla., April 18, 2018 -- Spectrum Global Solutions, Inc., (OTC:SGSI) (the “Company”), a single-source provider of end-to-end next-generation wireless and wireline network solutions to the service provider (carrier) and corporate enterprise markets, announced today that management has approved an exchange of previously issued common stock for a newly issued preferred instrument. The exchanged Common Stock will be returned to treasury. The effect of the exchange reduces the number of common shares outstanding by more than 124 million shares. The newly issued Preferred will contain voting rights and rights associated with a fundamental transaction, but will not be dilutive to Common Stock.  

Roger Ponder, CEO said, "Management is committed to providing shareholders with value.  Reducing the number of shares outstanding should immediately return value to our shareholders." 

About Spectrum Global Solutions, Inc:

Spectrum Global Solutions operates through its subsidiaries AW Solutions, ADEX Corp and Mantra Energy Alternatives. The Company is a leading provider of telecommunications engineering, infrastructure and staffing services and solutions across the United States, Canada, Puerto Rico, Guam and Caribbean.

The Company’s subsidiary Mantra Energy Alternatives develops electrochemical technologies designed to make profitable the reducing of greenhouse gas emissions.  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
Spectrum Global Solutions
561-672-7068