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Press

Hammer Fiber Optics Holdings Corp Announces Third Quarter Financial Results

06/17/2019

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced operating and financial results for the third quarter ended April 30, 2019. “This was a strong quarter for Hammer and we are very pleased with our results,” said Erik Levitt, Hammer’s CEO. “We have completely integrated the acquisitions from the second quarter and made significant progress in Sierra Leone and Dominica and our recent announcement regarding the US market provides a road map for our operations moving forward.”

Key results include:

  • Total revenues for the quarter increased to $1,071,212 from $56,550, a 1894% increase versus the same quarter in the prior year.
  • The net loss from operations for the quarter decreased to $77,883 from $1,019,505, a 93.4% decrease versus the same quarter in the prior year.
  • The company attended a number of high profile events during the period, including Mobile World Congress in Barcelona, the Pacific Telecom Council and a number of other carrier industry events which contributed to $83,889 in extraordinary marketing expenses.
  • 1stPoint Communications, Endstream Communications, Open Data Centers and Shelcomm are consolidated and accretive to Hammer’s Q3 results
  • The announcement of our market deployments in Huntsville, AL, Homewood and Birmingham, AL, Sierra Leone and various Caribbean markets
  • The progression of the construction of our networks in Sierra Leone and Dominica
  • Recent enhancements to the SMS/Messaging network and increased international coverage

“We continue to add customers to both our retail and wholesale networks,” said Kristen Vasicek, Hammer’s COO. “As we complete construction in our international markets we will begin to see organic growth from our Hammer Wireless division while we pursue expansion of the underlying platform.”

“During the second and third quarter Hammer executed on its plans and demonstrated its commitment to the Everything Wireless strategy,” said Mark Stogdill, Hammer’s founder and CTO. The strategy consists of four pillars: high speed fixed wireless technology using Hammer’s 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 and its data center hosting facilities. “Because of the unparalleled range and speed of Hammer’s AIR Technology and its ability to operate across a very wide range of frequencies, Hammer is uniquely positioned to provide high speed services in markets where other technologies are inefficient,” added Stogdill.

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 Optics Holdings Corp Subsidiary To Offer Internet Services in Alabama

06/06/2019

Hammer Fiber Optics Holdings Corp (HMMR) announced today that its subsidiary, 1stPoint Communications, will resume offering Internet Services in Huntsville, Homewood and Birmingham, Alabama. This is a significant milestone in the deployment of Hammer’s “Everything Wireless” strategy. In July 2018 1stPoint acquired the assets of Hiwaay Information Services, Inc. Hiwaay had supplied Internet access to enterprise, small business and residential customers through dial-up and DSL before discontinuing the services in 2016 and 2017. 1stPoint had acquired the remaining web hosting and enterprise Internet access business as well as Hiwaay’s Homewood edge colocation facility.

Building on the strong brand recognition, Hammer will begin deploying wireless residential customers in partnership with other operators until it can expand its own network infrastructure in the market. “The Hiwaay name is very well known in the Huntsville marketplace. Customers are turning to us asking for a low cost, high quality alternative for residential and small business Internet access,” said Kristen Vasicek, Hammer’s COO, who led the purchase of the Hiwaay assets. Hammer will focus on the delivery of residential and small businesses in Huntsville, while concentrating on business and enterprise services in Birmingham and Homewood, where it continues to maintain its edge data center.

“We see Alabama and the southeastern United States as a key market segment. The corridor between Nashville, Birmingham and Atlanta will be a near-term focus for our operations in the United States,” said Erik Levitt, Hammer’s CEO, who also participated in closing the Hiwaay asset purchase. Hammer’s proprietary AIR™ technology provides a significant competitive advantage in certain markets that are considered underserved due to the requirement for long range, reliable communications. “Our objective is to provide the fastest and most reliable communications possible to the global citizen, whether that is here in the United States or in any of our operating territories.”

About Hammer
Hammer Fiber Optics Holdings Corp. (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.

Hammer Fiber Optics Holdings Corp Moves Forward in Sierra Leone and With Global Messaging Network

06/04/2019

Hammer Fiber Optics Holdings Corp (HMMR) announced today that it has progressed in the completion of both its Sierra Leone fixed wireless network as well as the expansion of its global SMS messaging network.

The first point of presence in Freetown, Sierra Leone is nearing completion, with all of the in-building deployment and construction having been completed. Once final delivery of intercompany telecommunications infrastructure has been accepted, the network will be live. “We will begin accepting orders from business customers shortly,” said Michael Cothill, Hammer’s Chairman. “Our high speed access network will deliver unparalleled quality.” The network will have in-country diversity and is constructed to the best available modern standard for the region.

Hammer plans to offer local access to other global operators on a wholesale basis. Carrier customers will have the option of accepting delivery of services in Freetown or at certain European points of presence, either as point-to-point facilities or in-country Direct Internet Access.

While construction is progressing on networks in West Africa and with its partners in the Eastern Caribbean, Hammer’s subsidiary, 1stPoint Communications, has continued building out its robust SMS messaging platform. Building on its US messaging network and nationwide CMRS license, 1stPoint is adding several international direct routes to tier one operators worldwide. As these interconnections are completed, messaging services are being offered to Hammer’s existing retail customers as well as on a wholesale basis. These services, which are part of the foundation of the “Everything Wireless” strategy, will continue to grow in advance of the deployment of fixed wireless and mobile data networks. “Our unique approach to each market allows us to establish profitability in a market on an accelerated basis,” said Erik Levitt, Hammer’s CEO.

“The integration of the four pillars of Everything Wireless is critical to our success,” said Kristen Vasicek, Hammer’s COO. “High speed fixed wireless, using Hammer’s patented Air™ Technology, mobility, OTT and smart city can be provided as one single platform to end users and operator partners through our Mobile Network Services Provider program.” The MNSP program allows MSOs, wireless carriers, wireless ISPs or traditional telecommunications operators to commission wireless networks without the capital expense or investment in personnel with the expertise necessary to operate a sophisticated wireless infrastructure. “Both partnerships and direct operator licenses will be part of Hammer’s strategy on an ongoing basis,” added Levitt. “We look forward to working with more partners in the coming months.”

About Hammer
Hammer Fiber Optics Holdings Corp. (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.

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