Viper Networks Announces Closing Date for the Acquisition of 1stPoint Communications and Endstream Communications

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 $770,000 in revenue and positive cash flows in their last reported quarter.

“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  or follow on X (formerly Twitter) Twitter@vipernetworks.

Forward Looking Statements

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