POINT PLEASANT BEACH, N.J., Sept. 6, 2016 /PRNewswire/ -- Hammer Fiber Optic Holdings Corp. (OTC: HMMR), has announced that it has received confirmation from the OTC Markets that the company's request to be listed to the OTCQB venture marketplace for early-stage and developing companies, has been approved. The move comes after the company's merger with Tanaris Power Holdings, ensuring eligibility compliance with the OTC Markets stringent reporting and minimum share price requirements.
The move is designed to reinforce the company's overall plans to increase liquidity and serves to enhance the company's opportunities by providing additional access to institutional investors through comprehensive and transparent reporting. "We believe that this move will benefit all our current shareholders and demonstrates our commitment to continued growth," stated Mark Stogdill, CEO of Hammer Fiber Optics Holdings Corp., "This is just one of many steps that we have diligently pursued and will continue to pursue in our ongoing quest to deliver long term shareholder value."
About Hammer Fiber
Hammer Fiber Optic Investments Ltd. D/B/A Hammer Fiber (OTC: HMMR) is a registered Competitive Local Exchange Carrier in New Jersey that offers services throughout the New Jersey region, as well as Philadelphia and New York. Along with fiber transit solutions, VoIP platforms, Ethernet connectivity and managed services to businesses ranging from small to enterprise; Hammer Fiber also serves residential and small business markets with broadband, voice and video. For more information visit http://www.hammerfiber.com
Forward Looking Statement
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
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SOURCE Hammer Fiber Optic Holdings Corp.