TPT Global Tech Inc (OTCMKTS:TPTW) on September 1, 2022, confirmed receiving Teaming Memorandum from Joe Turnham, Director of the Macon County Economic Development Authority. This is meant for the Cooperation of Design, Development, Investment, Manufacturing, and Management of Projects in the City of Tuskegee Alabama. The purpose of this is to create Industrial Smart Parks, Smart Cities as well as CSR Projects. The joint goals of the two parties will lead to the development of expertise, capital, and a network of business.
Trading Data
On Friday, TPTW stock rose 1.96% to $0.0052 with more than 3.51 million shares, compared to its average volume of 1.26 million shares. The stock moved within a range of $0.0050 – 0.0058 after opening trade at $0.0051.
TPT Global Tech, Inc. Recieves A Teaming Memorandum From The Director Of The Macon County Economic Development Authority For The Development Of Smart City Projects Throughout The County
Joe Turnham, Director, Macon County Economic Development Authority said that housing and development of industrial, manufacturing, utility as well as other businesses will result in a significant boost both for the area and citizens. The Director added that it would provide jobs, and updated services as well as allow the people of Tuskegee and beyond.
The Director also stated that the TPT team and Stephen Thomas bring complete expertise ranging from finance to expertise in telecommunications.
TPT Chairman and CEO Stephen J. Thomas said that this was a logical next step in taking the overall project ahead. Thomas added that the firm believes it is the launching pad for TPT Global’s activities in the Smart Cities development sector. He is convinced of the potential it has for the Macon country region, Tuskegee, and TPT’s future.
The CEO also stated that the firm will learn from the project and believes that it will have a significant impact on the firm’s financial future.
Key Quote
“From housing to the development of manufacturing, industrial, utility and other businesses for Macon County, this is a huge boost for the area and its citizens that will yield jobs, updated services and produce an opportunity for the people of Tuskegee and beyond that will be felt for decades,” said Joe Turnham, Director, Macon County Economic Development Authority who issued the Teaming Memorandum. “Stephen Thomas and his TPT team bring a full complement of expertise to the effort ranging from finance to expertise in telecommunications and beyond and make an ideal partner for the Smart Cities projects we envision.”
Technical Data
TPTW stock is trading below the 20-Day and 50-Day Moving averages of $0.0056 and $0.0059 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0090. The company has a total market capitalization of $4.80 million.
