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

11/15/2019 - PISCATAWAY, N.J. :

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.

 

 

 

  


Hammer Fiber Optics gets new USD 10 mln credit line

10/16/2019 - https://tinyurl.com/y2maxc4j :

Hammer Fiber Optics said it has received a new USD 10 million credit line from Peak One. The money will go towards the company’s cash flow needs. Hammer Fiber Optics is currently testing the first phase of its fixed wireless deployment projects in Sierra Leone, Dominica, other parts of the Eastern Caribbean and Huntsville, Alabama. 

CEO Erik Levitt added that the company’s wholesale voice project in Dominica is nearing completion and that it is seeing traction at its messaging business unit.


Hammer Fiber Optics Holdings Corp Signs Definitive Agreement with PeakOne for an Equity Line of Credit

10/13/2019 - PISCATAWAY, N.J. :

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced today that it has signed a definitive agreement with Peak One Opportunity Fund, L.P. for a $10 million equity line of credit. Hammer had previously announced projects in Sierra Leone, Dominica, other parts of the Eastern Caribbean and Huntsville, AL. “The first phase of the fixed wireless project in Sierra Leone has been deployed and customer tests are in progress. The wholesale voice project in Dominica is nearing completion and Hammer will begin construction of its network in Huntsville, Alabama. We are also seeing traction in our messaging business unit.” said Erik Levitt, Hammer’s CEO. “The Peak One equity line will provide Hammer a flexible funding source to meet our cash flow needs.”

The details of the transaction are available in an 8K disclosure.

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.

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 to Close Acquisition of American Network, Inc.

08/26/2019 - PISCATAWAY, N.J. :

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 - PISCATAWAY, N.J. :

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 - NY, NY :

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.

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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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Hammer and LivePerson Announce Integration to Deliver Conversational Commerce

07/25/2019 - PISCATAWAY, N.J. :

Hammer Fiber Optics Holdings Corp’s (OTCQB: HMMR) announced that it will provide its customers conversational communication and digital commerce services in collaboration with LivePerson, Inc (NASDAQ:LPSN), a global leader in conversational commerce. Hammer 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.”

 

“Brand to customer conversations continue to rapidly move to messaging channels,” said Andrew Lezon, Senior Director, Channel Sales and Partner Programs at LivePerson. “With Hammer’s global reach and reputation as an innovator of digital technologies, we're excited to bring conversational commerce to their growing client base.”

 

Hammer brands, including 1stPoint Communications, Hammer Wireless and HiWAAY Information Services will offer these services across multiple markets, including the United States, West Africa and the Caribbean. “LivePerson has an incredible track record in the marketplace and their robust LiveEngage platform will help Hammer’s customers grow their E-commerce business,” said Erik Levitt, Hammer’s CEO. “Communication and content in all its forms should be the domain of the telecommunications carrier in the digital age. We want to deliver a suite of content and services on our network that will help our clients grow their business and be part of a greater solution to achieve tremendous social impact.”

 

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.

 

About LivePerson, Inc.
LivePerson makes life easier by transforming how people communicate with brands. Our 18,000 customers, including leading brands like HSBC, Orange, and The Home Depot, use our conversational commerce solutions to orchestrate humans and AI, at scale, and create a convenient, deeply personal relationship — a conversational relationship — with their millions of consumers. For more information about LivePerson (NASDAQ: LPSN), please visit www.liveperson.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 Expands its SMS and Over-the-Top Services

07/16/2019 - PISCATAWAY, N.J. :

Hammer Fiber Optics Holdings Corp’s (OTCQB: HMMR) announced today that it has expanded its Over-the-Top services. The 1P-SMSC, offered by Hammer’s subsidiary, 1stPoint Communications continues to experience rapid growth, 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. Hammer recently announced the expansion of its international messaging footprint, with coverage in markets such as Spain, France, the United Kingdom and Israel, where Hammer subscribers can enjoy voice, text, video, conferencing and collaboration capabilities. Hammer will be expanding its OTT offerings to include MMS capabilities in the coming quarter.


“The underlying platform for our Everything Wireless strategy, which includes our wholesale voice, wholesale SMS and hosting services will continue to provide revenue to Hammer as we finalize the construction of our fixed wireless networks in West Africa and the Caribbean,” said Kristen Vasicek, Hammer’s COO, who is responsible for marketing and product development for Hammer’s OTT services. “Our 1P-SMSC and related services provide high margin, sustainable revenue and are a critical part of our long term strategy to provide value to fixed wireless subscribers in the future.”

 

Hammer will provide high-speed fixed wireless services to its subscribers using its licensed patented Air© Technology and leverage its capabilities as a mobile network operator to provide value added services to its fixed wireless subscribers worldwide. “It is not only important to provide high speed access to customers in the West African, Caribbean and US markets, but also to provide services on that network that the global citizen will consume,” said Erik Levitt, Hammer’s CEO. “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,” 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 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