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TPT Global Tech raises $594000 YTD 2018SAN DIEGO, June 6, 2018 /PRNewswire/ -- TPT Global Tech (OTCBB: TPTW) announced today that the company raised $594,000 USD YTD 2018. The capital was a combination of Debt and Equity. TPT Global raised $284,500 USD in debt and $309,500 USD in equity. The infusion of capital was used for continuing operations and audit expenses related to the completion of the 2017 audit and inclusion in the TPTW Form S1 and other SEC/OTC related filings.The debt raised is primarily through promissory notes due 30 months from issuance, bearing 6% interest and convertible into Series C preferred Stock. The equity was raised at $.10 per common share. "We are very pleased with the financial support we received from our investors YTD 2018 and we look forward to their continued support as well as new investors throughout 2018," said CEO Stephen J. Thomas III, CEO TPT Global Tech. About TPT Global Tech TPTG (OTC:TPTW) based in San Diego, California, is a Technology/Telecommunications Media Content Hub for global syndication. TPTG provides advanced technology solutions to businesses Worldwide with a product portfolio offering customers solutions for New Technology: 3DSmartPhone, Mobile Network, Digital Content and SaaS. Through acquisitions, TPTG is building a seamless wolesale and retail operation to service customers around the globe. TPTG continues to seek growth opportunities to leverage its New Generation, New Media Technology products and services. TPTG is able to deliver a live Global TV Broadcast and Social Media Platform through a simple Mobile App interface, TPTG, through its proprietary Content Delivery Network offers a broad assortment of global Television partners in addition to TPTG internal Studio production. The company is a Cloud Unified Business Services (CUBS) technology-based company that unifies multiple services from the cloud using its proprietary Wrap Around Relationship Marketing (WARM) system. TPTG also operates as a Master Distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO) as well as a Master Distributor for Pre-Paid Cellphone services, Mobile phones Cellphone Accessories and Global Roaming Cellphones. We are all looking forward to the bright future of TPTG with the filing of the Form S-1. Forward Looking Statements: View original content:http://www.prnewswire.com/news-releases/tpt-global-tech-raises-594000-ytd-2018-300660980.html SOURCE TPT Global Tech |