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Technology Stocks : Gridline Communications

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From: camber3/23/2016 1:51:55 PM
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"Gridline Communications

"The company’s President/CEO is in Equatorial Guinea this week to open a bank account in EG and establish an office there. Once these are set up, they will have access to their line of credit for the project. The overall project is for the deployment of a modern voice and data network throughout the country. The total project will be in the multi hundreds of millions of dollars. The exact amount is subject to add-ons that may or may not be done. Gridline has been granted equity ownership in two local telephone companies in EG. Gridline will realize service revenues in perpetuity. Their client is the government of Equatorial Guinea Gridline’s project in the UK is supposed to start next month. This is for rural broadband service in areas not served by the telephone operators. Gridline has been awarded a contract for a monitoring network for an alternative energy project in Mexico. I do not have a lot of details regarding this project at this point. "Below is a link to a news story discussing the Joint Venture between Gridline and Equatorial Guinea:"

prnewswire.com

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