TPT Global Tech Launches Tuskegee, Alabama “Smart City” Project Through Real Estate Sale Agreements with Limited Partnerships Led by Legendary Civil Rights Lawyer Fred Gray, Who Represented Martin Luther King and Rosa Parks

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SAN DIEGO, Calif./ACCESSWIRE/May 17, 2022/ TPT Global Tech, Inc. www.tptglobaltech.com (“TPTW” or the “Company”) (OTCQB: TPTW) today announced that the company has officially launched its “Smart City” project with the execution of contracts to acquire approximately 135 acres of land in Tuskegee, Alabama. CEO Stephen Thomas completed the transactions with the Gray Family Limited Partnership and Lakeside Ranch, Inc., represented by legendary civil rights attorney Fred Gray. The two parcels of land, which have been owned by Mr. Gray’s family since the 1980s, include an approximately 45-acre parcel along Tuskegee Lake and the second an approximately 85-acre parcel along Highway 80 in heading to Auburn, Alabama. Under the agreement, TPT Global Tech will pay approximately $1.7 million for the properties, including $10,000 in combined deposits. The Company has until November 11, 2022 to complete the transactions, including payment of the remainder of the purchase price which it intends to finance through ongoing fundraising efforts. The finalization of the transactions is conditional on obtaining financing, all the studies and the finalization of the master plans for the launch of the Company’s “Smart City” project. The company worked with Macon County Economic Development Corp. Director Joe Turnham, Tuskegee Mayor Tony Haygood, the Tuskegee City Council and the Tuskegee Utility Company to secure additional land for its project.

The Company is currently in negotiations with several manufacturing companies and hotel chains to set up or participate in the TPT Global Tech/Tuskegee Smart City project.

Fred David Gray (born December 14, 1930) is a civil rights lawyer, preacher, and activist in Alabama. He has argued several major civil rights cases in Alabama, including Browder vs. Gayle, which reached the United States Supreme Court. He served as president of the National Bar Association in 1985, and in 2001 was elected the first African-American president of the Alabama State Bar.[1] During the civil rights movement, Gray rose to prominence working with Martin Luther King Jr. and ED Nixon, among others. Among his early cases as a young Alabama attorney (and solo practitioner), Gray defended Claudette Colvin and later Rosa Parks, who were charged with disorderly conduct for refusing to sit in the back of a separate city buses. (https://en.wikipedia.org/wiki/Fred_Gray_(lawyer))

TPT Global Tech, Inc., Tuesday, May 17, 2022, Image from press release

“To sit and work now with such an icon of Black American history as Fred Gray has been such a distinct honor for me. For Mr. Gray to represent entities entering into these agreements with TPT Global Tech and help make prime real estate available to us in Tuskegee to launch this Smart City project, is another example of its commitment to serving the greater community by bringing jobs and future technologies to the area. We believe that TPT Global Tech, this transaction now positions the company closer to showcase its diverse technology capabilities and demonstrate why we made our company’s product build and technology acquisition decisions,” said Stephen Thomas, CEO of TPT Global Tech.

About TPT Global Tech

TPT Global Tech Inc. (TPTW) based in San Diego, California, is a technology company with divisions providing telecommunications, medical technologies and product distribution, multimedia content for national and international syndication as well as technology solutions . TPT Global Tech offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS). It delivers carrier-grade performance and support to businesses over its private fiber and wireless MPLS IP network in the United States. TPT’s cloud-based UCaaS services enable businesses of all sizes to take advantage of all the latest voice, data, media and collaboration features in today’s global technology markets. TPT Global Tech also operates as a Master Distributor for National Mobile Virtual Network Operators (MVNOs) and Independent Sales Organization (ISO) as a Master Distributor for Prepaid Mobile Phone Services, Mobile Phone Accessories and mobile phones in global roaming.

Forward-looking statements
This press release contains “forward-looking statements” within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by terms such as “believes”, “looks forward”, “anticipates”, “estimates” and other terms having a similar meaning. Specifically, statements regarding the company’s plans for accelerated growth, improved profitability, future business partners, merger and acquisition activity, new service offerings and the pursuit of new markets are forward-looking statements. Although the company believes that the assumptions on which its forward-looking statements are based are reasonable, it cannot guarantee that these assumptions will prove to be correct. These forward-looking statements should not be construed as facts. The information contained in such statements is beyond the Company’s ability to control and, in many cases, the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements contained in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.

PR-Shep Doniger
[email protected]
561-637-5750

IR-Frank Benedetto
619-915-9422

THE SOURCE: TPT Global Tech, Inc.

See the source version on accesswire.com:
https://www.accesswire.com/701746/TPT-Global-Tech-Initiates-Tuskegee-Alabama-Smart-City-Project-Through-Real-Estate-Sales-Agreements-with-Limited-Partnerships-Led-by- Legendary-Civil-Rights-Attorney-Fred-Gray-Who-Represented-Martin-Luther-King-and-Rosa-Parks

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