Austin, TX – January 12, 2016 – Bravatek Solutions, Inc. (OTCQB: BVTK) announced today that its Telecom Services Division, acquired in June, has entered into a joint venture (JV) operating agreement and signed a major telecom deal with construction company YKTG, LLC, which possesses a $12-million plus decommissioning project with a major cell phone carrier.
The agreements with YKTG provide Bravatek over $8M in purchase orders. In addition, the JV will focus on the rapid business development of various opportunities afforded the group through Bravatek’s tower service capabilities and YKTG’s strategic relationships with various telecom market segments.
“Once again, our team has enabled this important achievement for Bravatek,” said Bravatek Solutions, Inc.’s Chairman & CEO Thomas A. Cellucci, Ph.D., MBA. “The large sub-contract award related to these agreements validates our telecom acquisition and verifies the execution of our business and marketing strategies.”
Over the summer, the company said it planned to capitalize on its acquisition of Viking Telecom assets. As a result of the deal with YKTG, Bravatek will have the right to provide services under the purchase order it secured from YKTG and will have a right of first refusal to provide additional services on YKTG’s project in which a major cell carrier has been turning down its current network operating in favor of LTE services.
This deal positions Bravatek to rapidly become an industry-leading tower company, by expanding its top-tier capabilities to serve both emerging and established commercial and government worldwide market segments.
“We believe that the sales revenue related to this one project may exceed both our shorter term, as well as our 12-month sales goals for Bravatek in 2016. We also sincerely hope that our new JV relationship with YKTG will continue to flourish, enabling even more sizeable contracts in the future,” Cellucci said.
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.