Business
Hammer Communications Announces Definitive Agreement to Acquire Open Data Centers, LLC, Endstream Communications, LLC and 1stPoint Communications, LLC and Its Subsidiaries
Hammer Communications Announces Definitive Agreement to Acquire Open Data Centers, LLC, Endstream Communications, LLC and 1stPoint Communications, LLC and Its Subsidiaries.
About this update from Hammer Technology Holdings Corp.
[{"type":"text","content":"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 ...