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Hammer Fiber Optics Holdings Corp. and 1stPoint Communications, Endstream Communications and Open Data Centers Renew Letter of Intent
Hammer Fiber Optics Holdings Corp. and 1stPoint Communications, Endstream Communications and Open Data Centers Renew Letter of Intent.
About this update from Hammer Technology Holdings Corp.
[{"type":"text","content":"\n\n\n\nHammer Fiber Optics Holdings Corp. and 1stPoint Communications, Endstream Communications and Open Data Centers Renew Letter of Intent\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nHammer Fiber Optics Holdings Corp. and 1stPoint Communications, Endstream Communications and Open Data Centers Renew Letter of Intent\nPR Newswire\nPOINT PLEASANT BEACH, N.J. and PISCATAWAY, N.J., July 31, 2018\n\n\n\nPOINT PLEASANT BEACH, N.J. and PISCATAWAY, N.J., July 31, 2018 /PRNewswire/ -- Hammer Fiber Optics Holdings Corp. (OTCQB: HMMR) d/b/a Hammer Communications announced today that it has renewed its Letter of Intent to acquire 1stPoint Communications, Endstream Communications and Open Data Centers. \"The industrial logic of the acquisition remains unchanged,\" said Erik Levitt, CEO of 1stPoint Communications. \"The resulting entity will be perfectly positioned to be a market leader in wireless  network deployment.\" Today Hammer provides DOCSIS over wireless triple play services to subscribers in its first deployment in Atlantic County. In adding these assets Hammer will be able to deploy the technology in other markets around the US as well as several International targets. 1stPoint's assets include multiple CLEC licenses and a mobile network operator as well as intellectual property for carrier switching of both voice, SMS and advanced collaboration tools.\n\n\"The combined entities will be able to execute on Hammer's 'Everything Wireless' approach to the market,\" said Kristen Vasicek, 1stPoint's Director of Marketing. \"We will be able to deliver very high speed triple plays, smart city, IoT, OTT and texting applications, M2M and 5G mobile networks. That breadth will make us unique in the industry,\" added Vasicek.\n\nEarlier this quarter Hammer and 1stPoint announced its Mobile Network Services Provider platform, intended for use by cable operators for network extension, wireless ISPs for network enhancement and expansion and DSL replacement. \"Several projects are now in the planning stages,\" said Hammer's founder, Mark Stogdill. \"These acquisitions will b...