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LITE ACCESS TECHNOLOGIES RECEIVES FINAL UK DISTRIBUTION PAYMENT
LITE ACCESS TECHNOLOGIES RECEIVES FINAL UK DISTRIBUTION PAYMENT Canada NewsWire...
About this update from Ironman International Ltd.
[{"type":"text","content":"\n \n \n \n LITE ACCESS TECHNOLOGIES RECEIVES FINAL UK DISTRIBUTION PAYMENT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 27, 2022\n \n \n /CNW/ -\n \n LITE ACCESS TECHNOLOGIES INC.\n \n (the \"\n \n Company\n \n \") (TSXV: LTE) (OTC: LTCCF), a world leader in the fibre optic products and advanced installation methodologies, is pleased to report that it has received the final UK distribution payment.\n \n \n The Company has received an approximately\n \n $335,000\n \n final distribution payment from the UK business appointed administrator, FRP Advisory Trading Limited, with respect to the wind-up of Lite Access Technologies (UK) Limited (\"LAT UK\").\n \n \n \n Mike Plotnikoff\n \n , Interim CEO of Lite Access, said, \"This is great news for our valued shareholders as this working capital provides us with additional runway as we execute current projects and business growth, while limiting dilution to our existing shareholder base.\"\n \n \n \n About Lite Access\n \n \n \n Lite Access Technologies Inc. is a world leader in the use of innovative and proven micro/narrow trenching technologies, alternate methods of deployment and specialist products which transform the cost the network deployment for telecommunications operators.\n \n \n As part of its suite of services Lite Access provides clients with integrated solutions or select components for the design and implementation of fibre optic networks.  Lite Access' products have been deployed in many high-profile communication networks including Olympic facilities, military and government, numerous communities throughout the\n \n United Kingdom\n \n , the\n \n USA\n \n and\n \n Canada\n \n as well as global telecommunications companies that have adopted Lite Access as the \"solution of choice\" for the least invasive, most cost effective and future-proof fibre optic connectivity available.\n \n \n Lite Access' installation technology and proprietary products extend a network provider's ability to deliver true broadband connectivity d...