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TPT Global Tech Inc. Signs Strategic Investment & Partnership Agreement with New York Real Estate Investment Firm Black Pearl Investments (BPI)
TPT Global Tech Inc. Signs Strategic Investment & Partnership Agreement with New York Real Estate Investment Firm Black Pearl Investments (BPI).
About this update from Tpt Global Tech, Inc.
[{"type":"text","content":"SAN DIEGO, CA / ACCESSWIRE / November 16, 2022 / TPT GLOBAL TECH, INC. ("TPTW' or "TPT Global Tech")(OTCQB:TPTW) www.tptglobaltech.com based in San Diego, California, a leading-edge technology company with divisions providing telecommunications, medical technology, media content for domestic and international syndication as well as smart city technology solutions, today announced it has signed a Strategic Investment Partnership Agreement (SIPA) for Cooperation in Design, Development, Manufacture, Investment and Management of Projects specifically related to Smart Green Cities, Residential Housing, Commercial Real Estate, Industrial Smart Parks, Infrastructure and Sustainable Development (the "Agreement") with Black Pearl Holding Co. and The Triwest Financial Group Inc. (dba Black Pearl Investments Inc. ("BPI")) www.blackpearlinvestments.com. BPI is a New York real estate investment firm whose potential investment outlined in the Agreement will be through dedicated credit facilities and structured funds within each phase and/or project Special Purpose Vehicle (SPV) according to the capital stack requirements and subject to conditions precedent. The lead development, construction activities, and operations for the Smart projects will be handled thru TPT Global's Real Estate and Development Technology division, TPT Strategic OTCBB:INOQ, which recently closed its acquisition of Information Systems Technology (IST), a general contractor and construction company based in Huntsville Alabama. IST has additional offices in Texas, Louisiana, Washington, Tennessee, and Mississippi. Mr. John Richard (J.R.) Chantengco, Founder & Managing Director of Black Pearl Investments said, "We are always seeking cutting-edge opportunities for funding as well as synergies which will allow us to contribute strategically through our varied expertise and strengths. We are excited to be partnering with TPT Global Tech, Inc. which has a strong sense of the needs of the future, whether it is smart living, smart working, or smart sustainability and this resonates very well with our investment mandate which is to support next-generation businesses and technologies that will truly make a difference in our society."Black Pearl Investments is a rapidly emerging investment firm focused on capital advisory, structured...