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Press

Hammer Fiber Optics Holdings Corp Announces Endstream’s Caribbean Direct Wholesale Voice Service

02/12/2020

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced today that its subsidiary, Endstream Communications has launched its Caribbean Direct wholesale voice service. The first two markets launched are Dominica and St. Vincent. Endstream recently completed its initial testing with multiple clients.

 

“Hammer will now begin to derive new revenues from those markets. Implementing the over-the-top networks which is the first phase of our deployment in each country. We will see the benefits in coming quarters,” said Erik Levitt, Hammer’s CEO.

“Building on our Over-the-Top platform is a priority,” said Kristen Vasicek, Hammer’s COO. “Those services are integral to our goal of providing a complete wireless retail solution using either fixed wireless or mobility.”

 

The first phase of the deployment provides voice termination services, which allows other operators to complete voice calls into the country. In subsequent phases, Hammer’s subsidiaries will begin to offer telephone numbers to residential and business customers through mobile applications. 

 

“This is a significant step forward. We have completed many of the projects we started in 2019, including our P2P SMS network. We can turn our attention to selling those services as we continue to address new markets in the Caribbean, expansion of our messaging capabilities and the construction of a wireless network in Huntsville, Alabama,” added Levitt.

 

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 Investor Relations 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 Optics Holdings Corp Announces the S-1 Registration Statement

02/11/2020

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced today that the S-1 Registration Statement required to exercise its options under the Peak One Opportunity Fund equity line of credit is now effective. Hammer and Peak One signed a definitive agreement for up to $10 million on October 31, 2019. 

“We are very pleased to be working with Peak One on this facility. We are looking forward to continuing our implementation of our Everything Wireless Strategy,” said Erik Levitt, Hammer’s CEO. 

As it pursued its filing, Hammer completed the rollout of its 2-way P2P (Person-to-Person) SMS network, which allows business and residential subscribers to send texts worldwide, with planned direct routes into African markets such as Kenya and Nigeria. Hammer recently completed its first wholesale voice routes into Caribbean markets including Dominica and St. Vincent, with permanent interconnections nearing completion in several markets. In the United States Hammer has continued to pursue development of the market in Huntsville, Alabama. 

 

“We are actively selling our OTT networks and will be deriving more revenue from that platform in coming quarters,” said Kristen Vasicek, Hammer’s COO, who is responsible for all marketing activities and new product development.

“Hammer continues to move forward with its strategy,” said Michael Cothill, Hammer’s Chairman. “The unique capabilities of our team will allow us to see the results of exciting projects globally,” added Cothill.

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 Investor Relations at info@hammerfiber.com.

About Peak One

Peak One Opportunity Fund, LP is a private equity fund focused on direct investments into emerging growth companies  

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 Optics Holdings Corp Announces Results for Year Ended July 31, 2019

11/15/2019

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced operating and financial results for the fiscal year ended July 31, 2019. “This was a transformative year for Hammer” said Erik Levitt, Hammer’s CEO. “During the period we integrated a number of companies into the portfolio and set the stage for organic growth in the fixed wireless and mobility business units.”

 

Key results include:

  • Total revenues for the fiscal year increased to $2,706,851 from $455,609, a 594% increase.
  • The net loss from operations for the year decreased to $468,366 from $5,515,083, an 84.5% decrease.
  • 1stPoint Communications, Endstream Communications, Open Data Centers and Shelcomm are consolidated in Hammer’s results.
  • Due to the termination of a lease on the 28Ghz spectrum it was using in the Atlantic City, NJ market by Verizon Communications, Hammer discontinued the operations of its fixed wireless network in that market.
  • The announcement of fixed wireless deployments in Huntsville, AL, Sierra Leone and various Caribbean markets.
  • The first point-of-presence in Sierra Leone has been completed and work on the wholesale voice deployment in Dominica is ongoing.
  • The deployment of wholesale voice services in other Caribbean markets is imminent.
  • Significant enhancements have been made in the underlying SMS/text messaging infrastructure including the substantial increase in global coverage and the addition of several key customers to the network.

 

Subsequent to the year end, Hammer has closed on the acquisition of the assets of American Network, Inc and has signed a definitive agreement with Peak One Opportunity Fund, LP for an equity line of credit.

 

“In the coming quarters we will focus on adding subscribers to both our retail and wholesale networks as we expand our fixed wireless networks, continue to build our wholesale voice and wholesale SMS coverage and begin construction on our Huntsville, Alabama  network,” added Levitt.

 

“We are committed to building on our Everything Wireless strategy,” said Kristen Vasicek, Hammer’s COO. The strategy consists of four pillars: high speed fixed wireless technology using the patented AIR™ technology (“wireless fiber”), mobility, OTT technology including SMS messaging, and Smart City. The underlying platform of “Everything Wireless” is Hammer’s wholesale voice and wholesale SMS networks  as well as it’s data center hosting facilities.

 

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.

 

 

 

  

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