Viper Networks I - VPER STOCK NEWS

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.

The City of Palos Hills is set to install Apollo Smart LED light poles as part of a pilot project grant, becoming the first in the Greater Chicagoland area to adopt this technology. MEAD Electric will oversee the installation, enhancing street lighting and integrating new sensing technologies for smarter transportation and communication, including free public Wi-Fi. Viper Networks will invest significantly in a Public Private Partnership (PPP) model to finance the project alongside state grants. This initiative aims to improve community infrastructure, generate revenue, and create high-paying jobs, with plans to transfer ownership to the public sector in 20 years.