Viper Networks Completes Acquisition of 1stPoint and Endstream
Viper Networks Finalizes Acquisition of 1stPoint and Endstream Communications
Viper Networks (OTCPK: VPER) proudly announces the successful completion of its acquisition of Endstream Communications, LLC and 1stPoint Communications, LLC, including all of 1stPoint’s subsidiaries. This strategic move is expected to greatly enhance Viper's capabilities in the telecommunications space.
Insight into the Acquired Companies
1stPoint Communications, along with its subsidiaries, operates with a commercial mobile radio services license in the United States and holds several competitive local exchange carrier licenses. Their revenue model predominantly stems from services related to messaging, hosted voice, and web hosting, while some income is generated through fixed wireless services. Meanwhile, Endstream Communications is a wholesale voice operator, managing a commendable number of Voice-over-IP (VOIP) interconnections.
Projected Revenue Impact
According to Erik Levitt, Viper's CEO, the company anticipates recognizing revenue from these subsidiaries in the last quarter of the current fiscal period, with a full revenue impact expected in the first quarter of the following year. Levitt emphasizes that robust growth is anticipated from their messaging business, which they believe has a competitive edge in the marketplace. Furthermore, there are plans to boost the fixed wireless segment, particularly in regions like Alabama and the Eastern Caribbean.
Financing the Acquisition
The acquisition was made possible through a share exchange agreement involving the stockholders of Hammer Fiber Optics Holdings Corp (“HMMR”) and Viper Networks. Through this agreement, shares from HMMR were exchanged for Viper stock, enhancing the company's financial structure upon closing.
Enhancing Internal Operations
One of the significant advantages of this acquisition is the immediate access to 1stPoint's experienced management and accounting team, which will bolster Viper’s operational capabilities. This support extends beyond accounting, also providing essential project management and network operations for current smart city initiatives, showcased by Viper's recent project in Sri Lanka.
Smart City Initiatives
Viper Networks is recognized as a pioneer in integrating VOIP technology in the United States. The company's expansion into Smart Street Lights and Smart Poles technology exemplifies its commitment to innovation. By leveraging IoT (Internet of Things) sensor integration, Viper aims to enhance the implementation of Smart Cities and Smart Grid technology solutions. These solutions combine wireless communication, mobile networks, and broadband technology for comprehensive and effective engineered tactics.
Future Prospects
The integration of 1stPoint provides Viper with the opportunity to deploy smart city projects with greater efficiency and speed. According to Farid Shouekani, Viper’s Chairman and President, these acquisitions strengthen their capability to blend mobile networks into the smart city framework, backed by a skilled operations team with a proven track record in successful project implementations.
Conclusion
The acquisition marks a significant milestone for Viper Networks as it continues to expand its market presence and enhance its service offerings. With the strategic acquisition of 1stPoint and Endstream, the company is well-positioned to capture opportunities in the evolving telecommunications landscape. Viper Networks encourages stakeholders and interested parties to stay updated for more developments as they unfold.
Frequently Asked Questions
What is the recent acquisition by Viper Networks?
Viper Networks has acquired Endstream Communications and 1stPoint Communications, which will enhance their telecommunications services.
How will this acquisition impact Viper's revenue?
The company expects to recognize revenues from the acquisitions starting in the fourth quarter and fully in the first quarter of the upcoming year.
What services do 1stPoint and Endstream offer?
1stPoint focuses on messaging, hosted voice, and web hosting services, while Endstream operates in the wholesale voice sector with VOIP interconnections.
What are Viper's future plans regarding smart cities?
Viper aims to efficiently deploy smart city projects by integrating mobile networks and leveraging the expertise gained from 1stPoint Communications.
Who can be contacted for investor relations information?
For media and investor inquiries, SAG Equity Group can be contacted at 407.444.5959.
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