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Latest News.

Hammer Fiber Optics Holdings Corp Announces Third Quarter Financial Results

07/13/2020 - Piscataway, N.J. :

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced operating and financial results for the third quarter ended April 30, 2020. “This is a challenging time for the entirety of the globe,” said Erik Levitt, Hammer’s CEO. “The novel coronavirus has changed the way we interact, work, play, and communicate. It has changed everything in our daily lives. The impact on our way of life, and on the infrastructure that we need to support that new way of life is unprecedented.”

 

Due to global conditions there were delays in projects in Huntsville and Dominica, but both projects have now resumed. Hammer increased the reach of its SMS network, announcing a partnership with Telefonica and continued to build out its mobile origination footprint which now includes California, Texas, Florida, New York and Mississippi. Hammer’s management anticipates that these services will make a more substantial contribution to revenue in future quarters.

 

The company advanced its “Over-the-Top” (“OTT”) infrastructure by developing a suite of services to enhance remote workforce and video conferencing capabilities as well as products targeting consumer privacy by leveraging its status as a mobile network operator. The first applications are already in final tests and announcements on the full breadth and scope of the application suite will be forthcoming.

 

During the period Hammer discontinued the operations of its subsidiary Open Data Centers, LLC, which operated a data center facility in Piscataway, NJ, resulting in more streamlined financial operations.

 

Key financial results include:

 

  • Total revenues for the quarter decreased to $388,900 from $888,395, a 56.20% decrease versus the same quarter in the prior year. This is primary due to the discontinuation of Endstream Communications’ Toll Free Termination business and the Open Data Centers business unit.

 

  • EBITDA loss, inclusive of Open Data Centers’ in the period ended April 2019, decreased to ($64,369) from ($150,065), an improvement of 57.09%. This is primarily due to the discontinuation of the Endstream Communications’ Toll Free Termination business and the Open Data Centers business unit.

 

  • In May 2020 Hammer received an $88,000 loan under the Paycheck Protection Program. It has met the obligations of the note and expects to file for forgiveness.

 

  • Hammer has not yet drawn down any funds from the Peak One equity line of credit.

 

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 Announces Second Quarter Financial Results

03/24/2020 - PISCATAWAY, N.J. :

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) announced operating and financial results for the second quarter ended January 31, 2020. “This was a quarter of transformation for Hammer,” said Erik Levitt, Hammer’s CEO. “During the quarter we discontinued certain non-core operations, such as our toll free termination business, while setting the stage for our long term growth. Current global conditions have slowed our planned implementation in Huntsville, AL but we are committed to moving forward.”

 

Key results include:

 

  • Total revenues for the quarter decreased to $536,277 from $877,317, a 35.80% decrease versus the same quarter in the prior year. This is primary due to the discontinuation of Endstream Communications’ Toll Free Termination business.
  • The net loss from operations for the quarter increased to $187,539 from $109,725, a 70% increase versus the same quarter in the prior year. This increase is primarily due to the discontinuation of the Endstream Communications’ Toll Free Termination business. The company will be taking steps throughout the current quarter and subsequent quarters to reduce the loss, while focusing on increasing revenue from its core businesses.
  • The company has continued to move forward its projects in Huntsville, AL and in the Caribbean, but may encounter delays due to the current global conditions.
  • The company recently announced its partnership with Telefonica International Wholesale Services, which is representative of its commitment to developing revenues from its over-the-top platform as it continues to develop its wireless assets.

 

“We will continue to progress toward our planned implementations,” said Kristen Vasicek, Hammer’s COO. “The rapid adoption of teleworking has underscored the importance of our collaboration tools, text messaging services and ultimately our new wireless networks to consumers, small businesses and enterprises.” 

 

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 Holdings Corp Announces Telefónica & Hammer Sign SMS Interconnection Agreement

03/17/2020 - PISCATAWAY, N.J. :

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) and Telefónica International Wholesale Services announced today that they have signed a bilateral SMS interconnection agreement allowing the exchange of Person-to-Person (P2P) SMS traffic worldwide. Telefónica will provide Hammer access to its global network of service providers, spanning all continents. Hammer will provide direct access to its carrier operations in the United States and other markets as they are brought online.

 

P2P SMS are text messages sent from person to person over the mobile network using personal devices. Messages sent from applications such as ride share or notification services to the mobile network are commonly referred to as A2P messages.

 

“We welcome the opportunity to partner with Telefónica, one of the largest and most successful operators in the world,” said Kristen Vasicek, Hammer’s COO, who is responsible for the marketing and product development of Hammer’s SMS services. “This agreement allows our subscribers and wholesale customers to send P2P messaging worldwide to all of Telefónica’s operators and partners.”

 

“Telefonica’s SMS service is the ideal solution for high quality worldwide coverage for MNOs and MVNOs without any complex bilateral negotiations. We look forward to our mutual success in completing this agreement with Hammer and becoming a key partner for their extended reach needs” said Aloysio Bleyer, America’s VP of Sales for Telefonica International Wholesale Services.

 

“Providing P2P services globally is much rarer than one way A2P networks. This will attract ASPs and service providers that want two way messaging capabilities not currently offered by other operators, creating new revenue sources for Hammer,” said Erik Levitt, Hammer’s CEO. “Partnerships with major operators such as Telefónica are critical to our success and we appreciate their willingness to work with us and help us grow.”

 

About Telefónica International Wholesale Services

Telefónica International Wholesale Services (TIWS) delivers world-class international services and platforms to multinational companies, wholesale carriers, fixed and mobile operators, OTTs and service providers and aggregators.  Offering a global footprint, with a particularly strong presence in Europe and Latin America, we provide our customers with high quality connectivity, digital platforms and a wide range of innovative solutions. Our global service portfolio includes Voice & UCC, Networking, Mobile, Satellite, Cloud, Security and IoT & Big Data.

 

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 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.


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