Viper Networks Announces Closing Date for the Acquisition of 1stPoint Communications and Endstream Communications
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) ha ottenuto le approvazioni normative per acquisire Endstream Communications e 1stPoint Communications a partire dal 1 novembre 2024. L'azienda sta implementando una strategia denominata 'Everything Wireless' che si concentra sui settori delle telecomunicazioni, delle città intelligenti e dell'energia. Erik Levitt diventerà CEO e Direttore Finanziario Principale, mentre Kristen Vasicek è stata nominata Segretaria e Direttrice Amministrativa. Le aziende acquisite hanno generato oltre $770,000 di entrate con flussi di cassa positivi nel loro ultimo trimestre. L'acquisizione è stata finanziata attraverso un accordo di scambio azionario con gli azionisti di Hammer Fiber Optics Holdings Corp.
Viper Networks (OTCPK: VPER) ha obtenido las aprobaciones regulatorias para adquirir Endstream Communications y 1stPoint Communications a partir del 1 de noviembre de 2024. La empresa está implementando una estrategia llamada 'Everything Wireless' que se centra en los sectores de telecomunicaciones, ciudades inteligentes y energía. Erik Levitt se convertirá en CEO y Principal Oficial Financiero, mientras que Kristen Vasicek ha sido nombrada Secretaria y Directora Administrativa. Las empresas adquiridas generaron más de $770,000 en ingresos con flujos de caja positivos en su último trimestre. La adquisición fue financiada a través de un acuerdo de intercambio de acciones con los accionistas de Hammer Fiber Optics Holdings Corp.
Viper Networks (OTCPK: VPER)는 Endstream Communications와 1stPoint Communications 인수를 위한 규제 승인을 받았습니다. 이는 2024년 11월 1일에 효력이 발생합니다. 회사는 통신, 스마트 시티, 에너지 분야에 중점을 둔 'Everything Wireless' 전략을 실행하고 있습니다. Erik Levitt는 CEO 겸 최고 재무 책임자가 되며, Kristen Vasicek는 비서 및 최고 행정 책임자로 임명됩니다. 인수된 회사들은 최근 분기 동안 긍정적인 현금 흐름을 기록하며 $770,000 이상의 수익을 올렸습니다. 이 인수는 Hammer Fiber Optics Holdings Corp의 주주들과의 주식 교환 계약을 통해 자금을 조달했습니다.
Viper Networks (OTCPK: VPER) a obtenu des approbations réglementaires pour acquérir Endstream Communications et 1stPoint Communications, à compter du 1er novembre 2024. L'entreprise met en œuvre une stratégie appelée 'Everything Wireless' qui se concentre sur les secteurs des télécommunications, des villes intelligentes et de l'énergie. Erik Levitt deviendra PDG et Directeur Financier Principal, tandis que Kristen Vasicek est nommée Secrétaire et Responsable Administratif. Les entreprises acquises ont généré plus de $770,000 de revenus avec des flux de trésorerie positifs lors de leur dernier trimestre. L'acquisition a été financée par un accord d'échange d'actions avec les actionnaires de Hammer Fiber Optics Holdings Corp.
Viper Networks (OTCPK: VPER) hat regulatorische Genehmigungen zur Übernahme von Endstream Communications und 1stPoint Communications erhalten, die am 1. November 2024 wirksam werden. Das Unternehmen implementiert eine Strategie namens 'Everything Wireless', die sich auf die Bereiche Telekommunikation, Smart Cities und Energie konzentriert. Erik Levitt wird CEO und Hauptfinanzbeauftragter, während Kristen Vasicek zur Sekretärin und zur Leiterin der Verwaltung ernannt wird. Die akquirierten Unternehmen erzielten im letzten Quartal einen Umsatz von über $770.000 bei positiven Cashflows. Die Übernahme wurde durch einen Aktienaustauschvertrag mit den Aktionären von Hammer Fiber Optics Holdings Corp finanziert.
- Acquired companies reported $770,000+ quarterly revenue with positive cash flows
- Secured all necessary regulatory approvals from FCC and state authorities
- Strategic expansion into wireless technology, telecommunications, and smart city sectors
- Share exchange agreement may lead to potential dilution for existing shareholders
- Complete transaction details and financial terms not yet disclosed
TROY, Mich., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Viper Networks (OTCPK: VPER) announced today that it has obtained the necessary regulatory approvals from the Federal Communications Commission and various state authorities in order to complete the acquisition of Endstream Communications, LLC, 1stPoint Communications, LLC, and all of 1stPoint’s subsidiaries effective November 1, 2024.
Viper’s Board of Directors has appointed Erik Levitt, the Managing Member of 1stPoint Communications and Endstream Communications as the Chief Executive Officer and Principal Financial Officer of Viper Networks, Inc., effective November 1, 2024. Mr. Levitt will join the Board of Directors as an Executive Director. The company has also appointed Kristen Vasicek, 1stPoint’s Chief Operating Officer, as the Secretary of the Board and Chief Administrative Officer. Farid Shouekani will continue to serve as the non-executive Chairman of the Board of Directors and President.
Viper is adopting a new corporate strategy known as “Everything Wireless,” which includes wireless technology from the telecommunications, smart city and energy sectors. The pillars of the strategy include OTT (wholesale and retail messaging and voice services), fixed wireless, mobility, smart city and green energy generation projects. Viper will address the need for enhancing customer experience in its markets, which include the United States, the Caribbean and Sri Lanka.
“The acquisition of these entities is a significant step forward for Viper,” said Mr. Shouekani. “By integrating the assets into our company, we will realize a substantial increase in our capacity to deliver on milestones in key projects. The 1stPoint team has a long history of being able to perform under some of the most difficult conditions and maintain consistent growth.” 1stPoint Communications and Endstream Communications together generated more than
“We believe very strongly in the Everything Wireless strategy,” said Mr. Levitt. “One of the most significant impediments to the delivery of worldwide 5G networks is the lack of a consistent platform capable of supporting the technology. We believe that we will be able to achieve that objective on a global scale, while serving our own subscribers directly in our markets.”
The acquisition was financed through a share exchange agreement between holders of common stock of Hammer Fiber Optics Holdings Corp (“HMMR”) and Viper. As part of the agreement two parties exchanged HMMR stock as consideration for Viper stock. The agreement becomes effective upon closing. The details of the transaction have not yet been disclosed, but further information will be available in upcoming filings.
ABOUT VIPER NETWORKS, INC.
As one of the earliest companies to adopt VOIP (Voice-Over-Internet-Protocol) in the United States, today Viper Networks is a premier telecommunications and network engineering solution provider in the field of Smart Street Lights and Smart Poles technology.
With IoT (Internet of Things) sensors integration through the implementations of Smart Cities and Smart Grid technology solutions, the Company incorporates wireless communication, mobile networks, broadband technology, Wi-Fi and various embedded technologies for engineered solutions with comprehensive hardware/software integration. For more information go to www.ViperNetworks.com or follow on X (formerly Twitter) Twitter@vipernetworks.
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
Media/ Investor Relations Contact: SAG Equity Group / 407.444.5959
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