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Latest News.

Hammer Fiber Optics Holdings Corp Announces Telinta has Integrated its Hosted Softswitch and Billing Platform with Hammer’s Origination Network

02/25/2020 - Piscataway, N.J. and Springfield, NJ :

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) and Telinta announced the integration of Telinta’s Cloud-based Switching and Billing platform and Hammer Fiber’s subsidiary, Endstream’s DID and Toll Free origination service.  Via a convenient application programmer interface in Telinta’s TeliCoreTM softswitch platform, telecommunications service providers can access their Endstream account to purchase DIDs to be used for both voice and SMS service worldwide.

“Telinta has built an impressive ecosystem of industry-leading partners such as Endstream to help our customers operate a profitable VoIP business,” commented Alex Ferdman, CEO of Telinta. “By integrating Endstream into our award-winning white label Switching and Billing platform, our mutual customers can easily use Endstream's high-quality DIDs as part of the VoIP services they offer.”

Endstream DIDs and VoIP Termination can be used with a wide range of solutions provided by Telinta, such as its brandable Hosted PBX, SIP Trunking, Business and Residential VoIP, Mobile Solutions, WebRTC, Calling Card, Pinless and other popular services.

Endstream provides wholesale voice termination and origination in Hammer’s operating countries including the United States, Dominica and St Vincent, other Caribbean countries, as well as Canada, Europe and Africa. “By partnering with prominent providers of underlying softswitch technology such as Telinta, Endstream is able to access a broader client base more rapidly than before,” said Erik Levitt, CEO of Hammer and Endstream. “Seamless integration is critical to our success as a wholesale operator both in the United States and our other operating markets.”

About Telinta

Founded in 2002, Telinta, Inc. offers secure and reliable cloud-based Switching and Billing solutions for VoIP service providers around the globe. Telinta’s full portfolio of white label carrier-grade solutions is highly customizable for VoIP service providers and their resellers.  This includes Hosted PBX, SIP Trunking, Mobile Solutions, Business and Residential VoIP, Calling Card, Pinless, Audio-Conferencing, Wholesale VoIP and more.  Please visit at www.telinta.com for more information.

 

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 Endstream’s Caribbean Direct Wholesale Voice Service

02/12/2020 - PISCATAWAY, N.J. :

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 - PISCATAWAY, N.J. :

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 - 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


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