Spectrum Eliminates Over $1.5 Million of Convertible Debt

LONGWOOD, Fla., Jan. 10, 2018 -- Spectrum Global Solutions, Inc. (OTC:SGSIF) (the “Company”), announced today the elimination of over $1.5 Million in convertible debt, as well as all interest and derivative liabilities associated with that debt.

Roger Ponder CEO of Spectrum stated: “The extinguishment of debt was part of an agreement we secured with legacy lenders of the Company last year prior to the Company’s acquisition of AW Solutions. The extinguishment strengthens our balance sheet and helps create shareholder equity.”

About Spectrum Global Solutions, Inc.:

Spectrum Global Solutions, Inc. (SGSIF) operates through its AW Solutions and Mantra Energy Alternatives subsidiaries.

AW Solutions (AWS) is a leading provider of telecommunications engineering and infrastructure services across the United States, Canada, Puerto Rico, Guam and Caribbean. The Company’s subsidiary Mantra Energy Alternatives is developing electrochemical technologies designed to make reducing greenhouse gas emissions profitable.  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:

Bruce Haase of RedChip Companies
Phone: 407-644-4256
Email [email protected]