Viper Networks Announces Closing of Acquisition of 1stPoint Communications and Endstream Communications
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) ha completato l'acquisizione di Endstream Communications e 1stPoint Communications insieme alle sue filiali, con effetto dal 1 novembre 2024. 1stPoint porta licenze CMRS e CLEC, generando entrate dai servizi di messaggistica, voce ospitata, carrier e hosting web. Endstream Communications opera come un operatore di voce all'ingrosso con significative interconnessioni VOIP. L'acquisizione è stata finanziata attraverso un accordo di scambio azionario con Hammer Fiber Optics Holdings Corp. Il team di gestione di 1stPoint supporterà le operazioni di Viper, inclusa la contabilità e la gestione dei progetti per le smart city. Il riconoscimento dei ricavi dalla nuova divisione delle telecomunicazioni inizierà nel quarto trimestre del 2024.
Viper Networks (OTCPK: VPER) ha completado la adquisición de Endstream Communications y 1stPoint Communications junto con sus filiales, con efecto a partir del 1 de noviembre de 2024. 1stPoint aporta licencias CMRS y CLEC, generando ingresos a partir de servicios de mensajería, voz alojada, carrier y alojamiento web. Endstream Communications opera como un operador de voz al por mayor con interconexiones VOIP significativas. La adquisición se financió a través de un acuerdo de intercambio de acciones con Hammer Fiber Optics Holdings Corp. El equipo de gestión de 1stPoint apoyará las operaciones de Viper, incluida la contabilidad y la gestión de proyectos de ciudades inteligentes. El reconocimiento de ingresos de la nueva división de telecomunicaciones comenzará en el cuarto trimestre de 2024.
Viper Networks (OTCPK: VPER)는 Endstream Communications와 1stPoint Communications 및 그 자회사를 2024년 11월 1일부로 인수 완료했습니다. 1stPoint는 CMRS 및 CLEC 라이선스를 보유하고 있으며, 메시징, 호스팅 음성, 통신사 및 웹 호스팅 서비스로부터 수익을 발생시킵니다. Endstream Communications는 중요한 VOIP 상호 연결을 가진 도매 음성 운영자로 운영됩니다. 인수는 Hammer Fiber Optics Holdings Corp.와의 주식 교환 계약을 통해 자금을 조달했습니다. 1stPoint의 관리 팀은 Viper의 운영을 지원하며, 여기에는 회계 및 스마트 시티 프로젝트 관리가 포함됩니다. 새로운 통신 부서의 수익 인식은 2024년 4분기부터 시작됩니다.
Viper Networks (OTCPK: VPER) a achevé l'acquisition de Endstream Communications et 1stPoint Communications ainsi que de ses filiales, effective le 1er novembre 2024. 1stPoint apporte des licences CMRS et CLEC, générant des revenus provenant de services de messagerie, de voix hébergée, de transporteur et d'hébergement web. Endstream Communications fonctionne comme un opérateur de voix en gros avec d'importantes interconnexions VOIP. L'acquisition a été financée par un accord d'échange d'actions avec Hammer Fiber Optics Holdings Corp. L'équipe de direction de 1stPoint soutiendra les opérations de Viper, y compris la comptabilité et la gestion de projets de villes intelligentes. La reconnaissance des revenus de la nouvelle division des télécommunications commencera au quatrième trimestre 2024.
Viper Networks (OTCPK: VPER) hat die Akquisition von Endstream Communications und 1stPoint Communications zusammen mit deren Tochtergesellschaften zum 1. November 2024 abgeschlossen. 1stPoint bringt CMRS- und CLEC-Lizenzen mit, die Einnahmen aus Messaging, gehosteter Sprache, Carrier- und Webhosting-Diensten generieren. Endstream Communications operiert als Großhandelsanbieter von Sprache mit bedeutenden VOIP-Interkonnektierungen. Die Akquisition wurde durch einen Aktienaustauschvertrag mit Hammer Fiber Optics Holdings Corp. finanziert. Das Managementteam von 1stPoint wird die Operationen von Viper unterstützen, einschließlich Buchhaltung und Projektmanagement für intelligente Städte. Die Umsatzrealisierung der neuen Telekommunikationsdivision beginnt im vierten Quartal 2024.
- Immediate revenue recognition starting November 2024
- Acquisition brings multiple telecom licenses (CMRS and CLEC)
- Adds established revenue streams from messaging, voice, and hosting services
- Strengthens operational capabilities with experienced management team
- Enhances smart city project deployment capabilities
- Transaction details and financial terms not disclosed
- Share exchange agreement may lead to dilution for existing shareholders
TROY, Mich., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Viper Networks (OTCPK: VPER) announced today that it has closed on the acquisition of Endstream Communications, LLC, 1stPoint Communications, LLC, and all of 1stPoint’s subsidiaries effective November 1, 2024.
1stPoint Communications and its subsidiaries possess a commercial mobile radio services (CMRS) license in the United States and several competitive local exchange carrier (CLEC) licenses. The majority of its revenues today are derived from its messaging, hosted voice and carrier and web hosting services with some revenues being derived from fixed wireless services. Endstream Communications is a wholesale voice operator with a substantial number of customer and supplier Voice-over-IP (“VOIP”) interconnections. The majority of its revenues are generated by its domestic US operations.
“Viper will recognize revenues from the acquired subsidiaries in November and December of its fourth quarter of 2024, and will recognize the full revenue from its new telecommunications division in the first quarter of 2025,” said Erik Levitt, Viper’s CEO. “Strong growth will continue to come from the messaging business due to our inherent competitive advantage in the marketplace, but we anticipate expanding our fixed wireless business as we continue to make investments in key markets such as Alabama and the Eastern Caribbean,” added Levitt.
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.
1stPoint’s existing management and accounting team will provide support for all of Viper’s operations effective immediately, substantially increasing Viper’s internal capabilities. In addition to providing support for its accounting obligations, 1stPoint will also provide essential services such as project management and network operations for Viper’s existing smart city projects. Viper completed its first such project earlier this year in Sri Lanka, and has several more projects planned in the near future. “Adding 1stPoint’s capabilities to Viper will allow us to deploy smart city projects more efficiently and more rapidly,” said Farid Shouekani, Viper’s Chairman and President. “These acquisitions will allow us to fully integrate mobile networks into our smart city platform with the confidence of an operations team with a long history of successful deployments.
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 implementation 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
FAQ
When will VPER start recognizing revenue from the 1stPoint and Endstream acquisition?
What licenses did VPER acquire through the 1stPoint Communications purchase?
How was the VPER acquisition of 1stPoint and Endstream financed?
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