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Digerati Technologies Awarded $1.78 Million in Multi-Year ContractsSAN ANTONIO, Texas, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Digerati Technologies, Inc. (OTCQB: DTGI) ("Digerati" or the "Company"), a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the small-to-medium-sized-business (“SMB”) market, announced today that it has signed multi-year contracts totaling $1.78 million in its two most recent fiscal quarters. The awarded contracts of its subsidiary operations, T3 Communications, Inc. (“T3”) and Synergy Telecom (“Synergy”) span various market verticals such as Government, Municipalities, Healthcare, Professional Services, Private Schools and Churches. Through its subsidiaries, Digerati maintains over 640 business customers serving over 10,000 business users in Texas and Florida, with an average monthly revenue per customer (ARPU) of $824, of which 95% is contracted and monthly recurring. Charlie Slaughter, Synergy’s Chief Revenue Officer, stated, “We are excited that more and more users of legacy phone systems across various market verticals are realizing the reliability, ease of deployment, and cost-saving benefits of moving their communication systems to the cloud via our platform and network. Synergy’s ‘customer comes first’ focus is ramping-up revenue nicely and proving that we are on the right path.” Ryan McDowell, T3’s Vice President of Business Development, said, "At T3, we are committed to be the leaing UCaaS provider throughout South Florida. To continue expanding our market share, T3 has developed an ‘Agent’ and ‘Partner’ program to help develop relationships with those who influence business owners and decision makers for our services. Through these efforts and other sales channels, we are witnessing fast growth in the ratio of ‘high margin’ products being sold by T3 Communications. About Digerati Technologies, Inc. Forward-Looking Statements Investors: Contact: |