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Hammer Fiber Optics Holdings Corp and Wikibuli Close Transaction to Provide Service in Dominica

01/07/2019

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Hammer Fiber Optics Holdings Corp and Wikibuli Close Transaction to Provide Service in Dominica


Piscataway, N.J. January 7, 2018 – Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) and Wikibuli, Inc. announced today that the transaction between the companies closed as planned on January 1, 2019. As part of the agreement Hammer Wireless will acquire an interest in Wikibuli in exchange for cash and common stock. The details of the transaction were released via an 8-K in December 2018. Erik Levitt, Hammer’s CEO and Kristen Vasicek, Hammer’s COO will join Wikibuli’s Board. Sean Partington and Glen Simon will continue to manage Wikibuli’s day-to-day operations.

Wikibuli suspended service in 2017 due to severe weather-related damage to its infrastructure. The new infrastructure will be owned by Wikibuli and operated by Hammer and its subsidiaries as part of it’s Mobile Network Service Provider (MNSP) program. The planned network, powered by Hammer’s proprietary Air (TM) technology, will be designed to provide high speed fixed wireless services, mobility, WiFi and will incorporate Smart City capabilities.

“We have been preparing for the implementation of the wholesale voice and SMS network through the end of 2018,” said Sean Partington, Wikibuli’s CEO. “We are still on schedule for an initial deployment in late February.” The first phase of construction will establish the basic network infrastructure and allow for revenue streams from the wholesale business in advance of the wireless deployment.

Hammer launched its MNSP program in July 2018 with 1stPoint Communications, now a key Hammer subsidiary. The program is a framework for launching networks in the United States and internationally where wireless spectrum is available. The Air architecture allows for a wide range of allocations and is many times more efficient than fiber based implementations while delivering similar speeds and a wide range of applications.

“The unique value proposition of our Everything Wireless strategy will bring a new paradigm to subscribers in Dominica,” said Erik Levitt. “Our objective is to bring unparalleled new service levels both on and off-island.”

“Connecting our subscribers worldwide as we build networks with our partners is going to be a priority for us,” said Kristen Vasicek, who is responsible for the global marketing plan. “The partnership with Wikibuli is a tremendous opportunity for meaningful social change through our unique technology and local expertise.”

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 Frank Pena at fpena@hammerfiber.com.

 

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Hammer Fiber Optics Holdings Corp Subsidiary Hammer Wireless and Wikibuli, Inc. to Provide Wholesale Voice and Wireless Services in Dominica

12/24/2018

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) and Wikibuli, Inc. announced a definitive agreement to provide wireless telecommunications services in Dominica with a closing date of January 1, 2019. Wikibuli obtained its telecommunications license in Dominica in 2013, providing services on the island until September 2017. It temporarily halted services after catastrophic weather conditions caused severe damage to its infrastructure.

 

Wikibuli and Hammer are primed to begin construction of a new network infrastructure in January 2019. The network will be owned by Wikibuli and operated by Hammer under its Mobile Network Services Provider program. The initial agreement addresses the construction of the wholesale voice network, and creates the framework for the possible construction of LTE, Wi-fi and fixed wireless infrastructure in subsequent phases of the project. Hammer’s proprietary Air™ technology will provide Wikibuli a unique high speed fixed wireless solution and a powerful backhaul technology for the proposed LTE and mobile Wifi deployments. Hammer’s subsidiaries, 1stPoint Communications, Endstream Communications and Open Data Centers will provide the hosted switching services and wholesale gateway for Wikibuli’s next generation voice and SMS network. Wikibuli anticipates completion of the wholesale voice network by the end of February 2019.

 

As part of the agreement Hammer will purchase an equity interest in Wikibuli in exchange for cash and common stock of Hammer. Hammer CEO Erik Levitt and COO Kristen Vasicek, will join the Board of Directors of Wikibuli. “The transaction with Wikibuli is a template for how Hammer will execute on its vision,” said Erik Levitt.

 

WIkibuli co-founders CEO Sean Partington and COO Glen Simon, will remain on the Board of Directors of Wikibuli and will continue to manage the day-to-day business affairs of Wikibuli. “We are very excited to be working with the Hammer team,” explained Mr. Simon. “They have a strong track record of success and we have confidence in our combined capabilities.” The combined extensive Caribbean experience of Mr. Partington, Mr. Simon and Mr. Levitt bring a strong understanding of the region and marketplace enhancing the success of the project.

 

“This agreement is representative of the power of Everything Wireless,” said Kristen Vasicek, Hammer’s COO. Hammer’s Everything Wireless strategy includes four components: high speed fixed wireless, Over-the-Top technologies such as voice, video and SMS, mobility and smart city. The foundation of Everything Wireless is Hammer’s colocation, hosting and wholesale voice and SMS practice. Vasicek states, “Our combination of local understanding and global reach will be a key factor in our success. The partnership with Wikibuli proves that we have a strong framework on which to base projects that are currently under consideration. This model can be replicated throughout the Eastern Caribbean, in the United States and other parts of the world.”

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 Frank Pena at fpena@hammerfiber.com.

 

Hammer Fiber Optics Holdings Corp Announces Closing of Acquisition of Endstream Communications, LLC

12/18/2018

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced the closing of its acquisition of Endstream Communications, LLC on the 17th of December. “This closing concludes the transaction originally contemplated in the signing of the May LOI with the Partners of 1stPoint Communications, Open Data Centers and Endstream Communications,” commented Erik Levitt, Hammer’s CEO. "The acquisition of our portfolio by Hammer represented a great outcome for our partnership. The combined entities form a strong platform on which to base Hammer's future growth."

 

Endstream provides wholesale voice services to clients worldwide, with a focus on termination, origination and toll free services in the United States, Canada, the United Kingdom and Israel. “Hammer will expand these services into other markets as part of the foundation of its Everything Wireless strategy,” said Kristen Vasicek, Hammer’s COO, who has been responsible for Endstream’s marketing and product development since 2016. “In the last three years Endstream has evolved its services to suit the needs of the changing wholesale voice market, including the rollout of its international mobile operator footprint.” Endstream launched its wholesale mobile origination service in the United States in the second quarter of 2018 and is adding France and the United Kingdom to the wholesale mobile DID portfolio. More markets will be rolled out through the first and second quarters of the 2019 calendar year.

 

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 Frank Pena at fpena@hammerfiber.com.

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