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Press

Hammer Fiber Optics Holdings Corp to Close Acquisition of American Network, Inc.

08/26/2019

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced the closing date for the acquisition on all the equity of American Network, Inc. a New York CLEC. Hammer obtained all the regulatory approvals and the acquisition will close on September 1, 2019. “Continuing to expand the footprint of our platform will be key to our success in rolling out our Everything Wireless strategy in the United States,” said Erik Levitt, Hammer’s CEO. Hammer announced earlier this year that it will re-enter the U.S. market in Huntsville Alabama, and has been investigating its implementation options.

 

Hammer already has substantial client assets in its underlying platform in New York and New Jersey, where its subsidiaries hold CLEC licenses.

 

Hammer acquired all of the equity of American Network is exchange for common stock and payables associated with the expenses of the transaction. The acquisition is non-dilutive to common shareholders.

 

About Hammer
Hammer Fiber Optics Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation. For more information contact our Investor Relations Team at info@hammerfiber.com.

 

Forward Looking Statements
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995

Hammer Announces Completion of First West Africa Market: Freetown, Sierra Leone

08/12/2019

Hammer Fiber Optics Holdings Corp’s (OTCQB: HMMR) announced that its subsidiary in Sierra Leone, Hammer Wireless (SL) Ltd., completed construction of its first network deployment in Freetown, the country’s capital city. The first sector is operational and two additional sectors are planned for rapid deployment, which will provide coverage for the majority of the city, which has a population of over 1.1 million.

 

“We are very proud of this accomplishment,” said Michael Cothill, Hammer’s Chairman, who is responsible for overseeing the operations in West Africa on behalf of Hammer’s Board. A native of South Africa, Mr. Cothill has over 30 years of experience working on the African sub-continent. “We look forward to executing on the Board’s vision in Sierra Leone.” Hammer has begun marketing its business class Internet services on its high speed network, which includes products with download speeds capable of exceeding 100 megabits per second. Hammer leverages the patented Air© Technology to offer a very efficient infrastructure that can deliver very high speed service over long distances, making it more efficient than other modern network technologies, including many planned 5G implementations.

 

“We already have salespeople on the ground, working on capitalizing on our investment in the market,” said Ahmed Lamin, Hammer’s local Managing Director, who is responsible for operations, accounting and finance for the subsidiary. “We have a strong team and the support of an involved local Board of Directors to accomplish our objectives.”

 

“We are very pleased with the progress. We have established the foundation in the region and are looking forward to rapid expansion in other countries, with innovative products to serve our clients with the latest state-of-the-art technologies,” said Eric Maire, the Executive Chairman of Telecom Financial Services SA (“TFS”) in Switzerland, who has provided the operational capital and the management of the project to date. “The wireless network provides the ideal platform for our digital transformation projects.”

 

“This deployment will be the template for Hammer’s operations worldwide, including the United States and the Caribbean markets,” said Erik Levitt, Hammer’s CEO. Hammer announced its plans to begin offering services in the United States and the Caribbean earlier in 2019, alongside the deployment in Sierra Leone. “This is a very important milestone for Hammer as we can now begin to focus on organic growth of our Fixed Wireless business, the principal pillar in our Everything Wireless strategy.”

 

The “Everything Wireless” strategy includes the high speed fixed wireless business, mobile networking such as LTE and Wifi, Over-the-Top (OTT) technology such as voice, SMS, IOT, multimedia services and digital services such as crypto-currency, and Smart City. The platform for its strategy is its voice and SMS network and its data center hosting infrastructure. “All of our businesses are aligned to provide the global citizen the network and the services that they need as we continue to move toward the global goal of a fully digital society,” added Levitt. “Hammer intends to be a leader in helping nations worldwide fulfill their ICT initiatives.”

 

About Hammer
Hammer Fiber Optics Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation. For more information contact our Investor Relations Team at info@hammerfiber.com.

 

Forward Looking Statements
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995

Hammer Fiber (HMMR) Closes SMS Integration Deal with LivePerson (LPSN)

07/25/2019

Hammer Fiber Optics Holdings (OTCQB: HMMR) announces collaboration with LivePerson, Inc (NASDAQ:LPSN) to integrate SMS messaging capabilities within their products.

will begin to offer LiveEngage to its retail customers, and LivePerson will leverage Hammer’s worldwide SMS network to expand its messaging distribution capabilities.

“LiveEngage is the premier customer communications platform in the market,” said Kristen Vasicek, Hammer’s COO, who is responsible for marketing and product development for Hammer’s OTT services. “The platform will provide Hammer users access to the investment that LivePerson has made in customer engagement, while leveraging our global messaging infrastructure.”

LivePerson (LPSN) is a $33 stock traded on the NASDAQ.

This news comes on heels of HMMR announcing its would expanded its Over-the-Top telecom services. The Company announced they were adding three new Hosted SMSC customers in the past month alone. Customers include a wholesale CLEC with over 50 million numbers for which 1stPoint will provide SMS enablement, a well established nationwide unified communications provider and a smaller regional service provider in the New York metro area.

Erik Levitt, Hammer’s CEO commented, “We have the opportunity to expand the traditional role of the Internet Service Provider in the digital age. We believe that enhanced services such as multi-media texting, RCS, mobile payment services, the next generation of crypto currencies and digital identity will be the domain of the network service providers in the long term. The underlying service provider has a distinct advantage in providing those services”.

Near Profitable

In their most recent earnings HMMR reported total revenues for the quarter increased 1894% to $1,071,212 compared to $56,550 for the same quarter in the prior year.

Net loss from operations for the quarter decreased 93.4% to $77,883 from $1,019,505, a 93.4% decrease versus the same quarter in the prior year.

Hammer Fiber Optics is traded under the stock symbol “HMMR”

About Hammer

Hammer Fiber Optics Holdings Corp. (OTCQB:HMMR) is a telecommunications company investing in the future of wireless technology. Hammer’s “Everything Wireless” go to market strategy includes the development of high-speed fixed wireless service for residential and small businesses using its wireless fiber platform, Hammer Wireless® AIR, Over-the-Top services such as voice, SMS and video collaboration services, the construction of smart city networks and hosting services including cloud and colocation.

Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast (“WSNC”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. In Compliance with SEC Rule 17B WSNC was not compensated for this media alert, but does hold a business relationship through its parent company, and thus should be considered a conflict of interest. WSNC, or its affiliates, may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. As of date of this alert, WSNC, or any of its affiliates, held no positions in securities mentioned above. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial adviser before any and all investments. Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. High Risk
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