Email
Password
Remember meForgot password?
    Log in with Twitter
| Press Release

Hammer Communications Announces Definitive Agreement to Acquire Open Data Centers, LLC, Endstream Communications, LLC and 1stPoint Communications, LLC and Its Subsidiaries

POINT PLEASANT BEACH, NJ and PISCATAWAY, NJ / ACCESSWIRE / September 12, 2018 / Hammer Fiber Optic Holdings Corp d/b/a Hammer Communications (OTCQB: HMMR) announced today that it has signed a definitive agreement to acquire the stock of Open Data Centers, LLC, Endstream Communications, LLC and 1stPoint Communications, LLC and its subsidiaries. 1stPoint has strong intellectual property in over-the-top services such as SMS/texting and collaboration tools, virtual desktop and managed hosting services. Its subsidiaries have multiple CLEC licenses and a mobile operator license. Endstream Communications offers wholesale voice services worldwide. Open Data Centers operates a carrier neutral colocation facility in Piscataway, New Jersey and an edge data center in Homewood, Alabama. The acquisitions are accretive to Hammer and provide operating synergies. The details will be described further in an upcoming 8K filing.

The Mobile Network Service Provider program, announced jointly by Hammer and 1stPoint, exemplifies how Hammer will use its existing capabilities and those of each of the acquired entities to operate and maintain managed wireless networks both domestically and Internationally. The offering will include wireless networking equipment, an over the top platform for value added services, 24x7 remote NOC and deployment services, sales and marketing support as well as project management. Open Data Centers will provide the infrastructure and personnel to facilitate the NOC for remote management capabilities.

"Using the proprietary Air Technology, complemented by the intellectual property and operations of the acquired entities, Hammer now has the ideal solution to cable network extension, wireless service expansion or an opportunity for DSL replacement," said Mark Stogdill, Hammer's Founder. Today Hammer provides triple-play services to retail customers in its operating market and intends to deliver that service nationwide alongside its operator partners.

Erik Levitt, the Managing Member of 1stPoint, Endstream and Open Data Centers immediately assumes the roles and responsibilities of Hammer's Chief Executive Officer. "The acquisitions create a strong management team, all of whom individually possess a long history of success in the industry," said Levitt. "We are all dedicated to executing on the vision that has been created for Hammer since inception. We are focused on delivering on projects that will grow the company's agenda aggressively."

Mark Stogdill will assume the role of Chief Technology Officer of Hammer. Kristen Vasicek, 1stPoint's Director of Marketing, has been appointed as Hammer's Chief Operating Officer. "We are looking forward to rolling out Hammer's strategy and to further position the company to provide high speed triple play services, Smart City, M2M and IoT products to consumers through our MNSP program and our Everything Wireless approach," added Vasicek.

About Hammer Fiber

Hammer Fiber Optic Holdings Corp. (OTCQB: HMMR) is a telecommunications company investing in the future of wireless technology whose holdings include Hammer Fiber Optic Investments, Ltd. D/B/A Hammer Fiber, a New Jersey-based Internet Service Provider (ISP) that offers internet, voice, video and data services in New Jersey, as well as carrier services in Philadelphia and New York. Hammer Fiber serves residential and small business markets with high capacity broadband, voice and video through both direct fiber as well as its wireless fiber platform, Hammer Wireless® AIR technology. For more information visit http://www.hammerfiber.com or contact Frank Pena at fpena@hammerfiber.com.

About 1stPoint Communications

1stPoint Communications provides integrated messaging, voice, data and mobile services for small businesses, enterprises and carriers. 1stPoint is committed to delivering all of the services businesses need to interact with their customers, employees and suppliers, providing its clients with A New Way to Work. For more information visit www.1pcom.net.

About Endstream

Endstream is a wholesale voice operator, providing voice termination, toll origination and toll free origination services to other carrier clients. For more information visit www.endstream.com.

About Open Data Center

Open Data Center is a carrier neutral colocation facility in Piscataway, NJ. It provides services to 1stPoint Communications, Core Technology Services, Endstream Communications and is a utility data center for over 20 other clients. It is a 2N+1 design with an array of nine fiber providers and 26 resident carriers make it an ideal platform for HMMRs activities. For more information visit www.opendatacenters.net.

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.

SOURCE: Hammer Fiber Optic Holdings Corp.



View source version on accesswire.com:
https://www.accesswire.com/511806/Hammer-Communications-Announces-Definitive-Agreement-to-Acquire-Open-Data-Centers-LLC-Endstream-Communications-LLC-and-1stPoint-Communications-LLC-and-Its-Subsidiaries