Viper Networks Announces Closing of Acquisition of 1stPoint Communications and Endstream Communications

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

Forward Looking Statements

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