The following excerpt is from the company's SEC filing.
The new model that will drive
is a simple plug-and-play model. Sales productivity will be the main driver of our results and the performance of our sales organization will directly drive our ability to add additional sales personnel over the next three years.
We have developed a three-year plan that has an achievable trajectory of revenue growth which results in both positive EBITDA and positive cash flow. As with all multi-year plans, the first year is when we implement, execute, and invest... And in years two and three we experience the results of our work an d commitment. I will share more of the details of this plan throughout the year ahead to ensure that you, our shareholders, are kept abreast of our progress.
Our culture will change as
the company shifts its strategy. What will emerge is a culture
is success driven
I firmly believe we have the right strategy that will catapult Towerstream into a very prosperous future. Having said that, the key to our success has been and will continue to be our employees. This is a group of individuals that has experienced uncertainty and seen their fair share of change. However, throughout all of that, their belief in the Company has never wavered. Our culture will change as the Company shifts its strategy. What will emerge is a culture that is success driven and builds upon optimism. The culture will be supported by a communicative leadership team, will focus on employee recognition, and will promote teamwork.
As previously indicated, the last twelve months was spent rightsizing the cost structure of the Company. We will now spend the next twelve months implementing our new strategy and ensuring that we execute flawlessly to bring this Company into prosperity. We will communicate through press releases and I will reach out to you directly from time-to-time in a letter such as this to report on our progress. However, for now, it is time for all of us here at Towerstream to put our collective heads down and execute.
On behalf of our Board of Directors and the entire group of dedicated Towerstream employees, we thank you for your continued support. As I indicated earlier, I am excited to be here for
. I hope and trust that you share my enthausiam.
Chief Executive Officer
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
General form for registration of securities under the Securities Act of 1933 - Nov. 15, 2017
Towerstream Reports Higher Sequential Revenues And 38% Increase In Adjusted Ebitda For Third Quarter 2017 - Nov. 14, 2017
Towerstream Corporation Just Filed Its Quarterly Report: Note 14. Net Loss Pe... - Nov. 14, 2017
Statement of acquisition of beneficial ownership by individuals - Nov. 6, 2017
Filing under Securities Act Rules 163/433 of free writing prospectuses - Oct. 27, 2017