FTE Networks, Inc Shareholders Elect New Board of Directors
The Californer/10320168

SACRAMENTO, Calif. - Californer -- FTE Networks, Inc. ("Company" or "FTE"), announces
that, following a decision by the District Court in Clark County Nevada on July 3, 2025, Case
no. A-22-849188-B, the majority shareholders of FTE have elected a new Board of Directors
("BOD" or "Board") after the Company failed to hold an annual meeting for the past six (6)
years.
The Company's bylaws presently restrict the total BOD to three (3) Members., The new Board
consists of Joseph Cunningham, a director reelected, and new directors Stephen Goodwin and
Thomas Coleman, who will serve initial terms. Former directors Richard de Silva's and Michael
Beys' terms have ended.
The FTE BOD dismissed Michael Beys as Interim Chief Executive Officer ("CEO") and
appointed Mr. Goodwin, the Company's former CEO, as its new Interim CEO.

Contact: ftemanagement@gmail.com
323-967-7900
SOURCE: FTE Networks, Inc.
Cautionary Note Regarding Forward-Looking Information and Statements. This press release contains statements

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that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements which can be identified by the use of forward-looking
terminology such as "may," "will," "should," "expect," "anticipate," "project," "estimate," "intend," or "believe" or
the negatives thereof or other variations thereon or comparable terminology. Such forward-looking statements are
only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-
looking statements are and will be, as the case may be, subject to many risks, uncertainties, certain assumptions and
factors relating to the operations and business environment of FTE that may cause the actual results of FTE to be
materially different from any future results expressed or implied in such forward-looking statements. Such factors
include future acquisitions, the ability to successfully integrate future acquisitions, the ability to obtain financing,
and future sales and operating income.