ADDvantage Technologies Group Announces Changes at Nave Communications
ADDvantage Technologies Group, Inc. (AEY)
US:NASDAQ Investor Relations:
addvantagetechnologies.com/investor-relations/4544760689
Company Research
Source: GlobeNewswire
BROKEN ARROW, Okla., Sept. 07, 2018 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) today announced changes to improve the operating strength of its telecommunications segment. ADDvantage is a well-known reseller of new and refurbished network, transport and customer-premise equipment to the cable television and telecommunications industries. As part of an overall strategy to strengthen revenue and profitability in the telco segment, ADDvantage is re-positioning its subsidiary, Nave Communications, as a high-quality option for refurbished telecom equipment, including the repair, testing, and certification of equipment. A recent internal operational efficiency review identified the need to centralize the business geographically. “We acquired Nave in early 2014 and continued to operate it from its facility in Baltimore, Maryland. We have determined that a more central location would broaden the opportunities in what has largely been an East-coast centric bus
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