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Bravatek Solutions, Inc. Is Working Aggressively to Capitalize on Its IDIQ* Contracts, as Well as Close on More Telecom Business in More Regions -- Expanding Its Country-Wide Reach
AUSTIN, TX --(Marketwired - March 02, 2016) - Bravatek Solutions, Inc. (OTCQB: BVTK) is pleased to announce that the Company is in hot pursuit of even larger contracts with one of the country's largest wireless carriers to add more to its 2016-17 revenues. This is in addition to its nation-wide expansion to provide tower telecom services through IDIQ* contracts in more states to garner even more sales in 2016 and beyond.
Bravatek recently announced that it has received over $8.2 M in POs for its tower services operations division, related to a $10-million-plus decommissioning project with a major cell phone carrier. The Company has been down-selected for an additional tower services contract with that major wireless carrier. If awarded, the contract should provide a multiple to the sizeable $8.2 M exclusive contract, for each year over the next 5 years.
"We are proud that our strong performance and customer service has been recognized with our current customers, for whom we are performing a majority of our work in Pennsylvania, Ohio and Washington, D.C. We are now beginning to receive follow-on and new work assignments in the southeast portion of the US, in states like Florida and Georgia," said Bravatek Solutions, Inc.'s Chairman & CEO, Thomas A. Cellucci, PhD, MBA.
Cellucci continued, "We are well-poised to expand provision of our telecom services across the entire US due to our exceptional past performance and ever-growing networks of potential partners. As such, we're working diligently and in negotiations to close even more business with one of the nation's largest wireless cell phone carriers. We look forward to providing further updates in the next coming weeks."
The Company will provide regular progress updates on its efforts and successes.
In other news, Bravatek would like to congratulate Director Charles Brooks for his recent accomplishments and recognition in the fields of Emerging Technology and Cybersecurity. To read more about these visit http://bravatek.com/?p=8072.
* IDIQ is a contracting acronym meaning "Indefinite Delivery/Indefinite Quantity." This is a type of contract that provides for an indefinite quantity of supplies or services during a fixed period of time.
About Bravatek Solutions, Inc.
Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals to protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems.
For more information, visit www.bravatek.com.
Safe Harbor Statement
This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. The economic, competitive, governmental, technological and other factors identified in the Company's previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Bravatek Solutions, Inc.