Welcome to our dedicated page for Viper Networks I news (Ticker: VPER), a resource for investors and traders seeking the latest updates and insights on Viper Networks I stock.
Viper Networks Inc. (VPER) delivers cutting-edge telecommunications solutions through its smart city technologies and IoT-integrated systems. This news hub provides investors and industry stakeholders with timely updates on strategic developments, financial milestones, and technological advancements driving the company's "Everything Wireless" initiative.
Access official press releases and curated analysis covering VPER's smart lighting deployments, partnership announcements, and progress in renewable energy integration. Our repository ensures transparent tracking of earnings reports, regulatory filings, and product launches critical for assessing the company's market position.
Key updates include expansions in IoT-enabled infrastructure projects, advancements in fixed wireless solutions, and innovations bridging LED lighting with 5G-ready urban networks. Bookmark this page to monitor how Viper Networks continues merging telecommunications expertise with sustainable smart city development across global markets.
Viper Networks (OTCPK: VPER) has released its 2024 Annual Report, showcasing significant growth and operational improvements. Annual revenue surged to $936,597 in 2024, up from $30,600 in the previous year. The company completed several strategic initiatives, including the acquisition of Hammer Fiber Optics Holdings' telecommunications assets in exchange for 2.5 million HMMR shares.
Key operational achievements include deploying 108 smart poles in Colombo, Sri Lanka, and progress on projects in Chicago and the Eastern Caribbean. Financial highlights show the telecommunications unit generated $818,000 in revenue in November-December 2024, a 37.2% quarterly increase. While operating loss slightly increased to $536,359, net loss decreased to $319,085 from $820,933. The company achieved positive EBITDA and cash flow in Q4 2024.
Total assets grew to $2.978 million, with liabilities at $1.621 million. The company strengthened its balance sheet by converting $419,340 in notes payable and $225,000 in accrued salaries to Series B preferred stock.
Viper Networks (OTC Pink: VPER) has officially rebranded as 0Wire, reflecting its 'Everything Wireless Telecom + Energy' strategy. The company recently acquired Endstream Communications and 1stPoint Communications on November 1, 2024, enhancing its OTT, mobility, and fixed wireless services capabilities.
0Wire's strategic focus includes:
- Fixed Wireless: Expanding from northern Alabama (2023) to new U.S. markets in 2025
- Smart City: Successful pilot of smart poles in Colombo, Sri Lanka (2024)
- Renewable Energy: Planning first solar deployments in 2025
- Mobility: First mobile network planned in Dominica (2025)
- OTT Business: Growing messaging market presence
The company is targeting markets in the Eastern Caribbean, Jamaica, Sri Lanka, and U.S. locations including central Colorado, central California, and Alabama. 0Wire is currently undergoing audit for fiscal years 2023-2024 and plans to upgrade to OTC QB tier.
Viper Networks (OTCPK: VPER) has announced a comprehensive strategic rebranding initiative, adopting the name 0Wire. The company is restructuring its operations into several specialized divisions: 0Wire Communications for telecommunications, 0Wire Hosting for technology hosting, 0Wire Wholesale for 5G roaming and messaging services, and 0Wire Energy for smart city and renewable energy projects.
The rebranding aligns with the company's 'Everything Wireless Telecom+Energy strategy,' which focuses on five key pillars: Over-the-Top Technologies, Mobility, Fixed Wireless, Smart City, and Renewable Energy Generation. The company reports strong growth in OTT business and leadership in the messaging market. In the last fiscal year, they completed a pilot project deploying 108 smart poles and Apollo smart lights in Colombo, Sri Lanka.
The rebranding process begins with the telecommunications division and is expected to complete at the corporate level within three quarters, alongside the company's financial statement audit.
Viper Networks (OTCPK: VPER) has completed the acquisition of Endstream Communications and 1stPoint Communications with its subsidiaries effective November 1, 2024. 1stPoint brings CMRS and CLEC licenses, generating revenue from messaging, hosted voice, carrier, and web hosting services. Endstream Communications operates as a wholesale voice operator with significant VOIP interconnections. The acquisition was financed through a share exchange agreement with Hammer Fiber Optics Holdings Corp. 1stPoint's management team will support Viper's operations, including accounting and smart city project management. Revenue recognition from the new telecommunications division will begin in Q4 2024.
Viper Networks (OTCPK: VPER) has secured regulatory approvals to acquire Endstream Communications and 1stPoint Communications effective November 1, 2024. The company is implementing an 'Everything Wireless' strategy focusing on telecommunications, smart city, and energy sectors. Erik Levitt will become CEO and Principal Financial Officer, while Kristen Vasicek is appointed as Secretary and Chief Administrative Officer. The acquired companies generated over $770,000 in revenue with positive cash flows in their last quarter. The acquisition was financed through a share exchange agreement with Hammer Fiber Optics Holdings Corp stockholders.
Viper Networks (OTCPK: VPER) has applied for regulatory approvals from the FCC and state authorities to complete the acquisition of Hammer Fiber Optic Holdings Corp's telecommunications assets, including Endstream Communications, and 1stPoint Communications, The closing date is expected in Q4, subject to approval. CEO Erik Levitt expressed confidence in meeting the anticipated timeline. Viper's new strategy, 'Everything Wireless,' comprises smart city, mobility, fixed wireless, OTT, and energy generation projects. The OTT segment, which includes wholesale voice, hosting, and messaging services, currently generates most of 1stPoint and Endstream's revenues. Last quarter, the acquired telecom businesses reported over $770,000 in revenue and positive cash flows. Viper aims to expand its mobile footprint in the U.S. and Caribbean markets, leveraging 5G technology. Chairman Farid Shouekani highlighted the acquisition's potential to enhance Viper's business objectives in fast-growing tech segments.
Viper Networks (OTCPK: VPER) has announced a definitive agreement to acquire the telecommunications assets of Hammer Fiber Optics Holdings Corp (OTCQB: HMMR). The acquisition includes Endstream Communications, and 1stPoint Communications, with its subsidiaries. This move is part of Hammer's restructuring efforts to focus on its fintech initiatives, particularly the HammerPay platform.
For Viper Networks, this acquisition represents a significant milestone. The company plans to integrate and expand 1stPoint's Everything Wireless strategy, incorporating smart energy projects and green energy generation. This strategy aims to combine energy and telecommunications, encompassing Fixed Wireless, Mobility, OTT technologies, and smart city solutions.
The transaction is pending regulatory approvals, with more details expected before closing.
