DALLAS, TEXAS : StockGuru announces that Capital Growth Systems Inc. (OTCBB: CGSY) is in the StockGuru Spotlight. Global Capacity is a telecom information and logistics company that leverages a unique collection of global telecom supply and pricing data to enable transparency and automation in the global access network market. The Company provides Software & Optimization Solutions and Network Solutions that enable increased efficiency and reduced cost of access networks for integrators, telecommunications companies, and enterprise customers. Global Capacity is headquartered in Chicago, IL, with offices and operational centers in the United States and European Union.
On Friday, the company put out news announcing that it has initiated a formal process that will result in the Company restructuring its balance sheet and capitalization structure. This process will enable Global Capacity to emerge as a stronger, more profitable company that is well positioned to continue delivering the products and services that customers and the market have come to expect from Global Capacity. Through this process, the Company is expected to substantially strengthen its balance sheet, organizing its debt obligations and past due trade payables. These changes will enable the Company to drive organic growth and to further invest in innovation. The process is expected to complete prior to year end.
Shares for Capital Growth Systems Inc. (OTCBB: CGSY) were down during the late afternoon of trading on Friday and closed slightly down at closing.
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