Point Pleasant Beach, New Jersey (PRWEB) August 22, 2016
Hammer Fiber Optics Holdings Corp d/b/a Hammer Fiber (OTC:HMMR) announced today that all of current board members of its acquired subsidiary Hammer Fiber Optic Investments Ltd have been elected to the Board of Directors. In conjunction with the election, Dennis Doll was appointed as a non-executive director. The board now consists of Michael P. Cothill as Chairman and executive director, Mark Stogdill CEO and executive director, Michael Sevell as non-executive director, Don MacNeil as non-executive director and Dennis Doll as non-executive director.
“Hammer Fiber is grateful for the addition of Dennis Doll to our Board of Directors as the newest carefully selected member of valuable advisors, and look forward to the wealth of knowledge Dennis will bring to the company, especially his vast experience in managing compliance and transparency of publicly traded companies” says Michael Cothill, Executive Chairman of the Board of Hammer Fiber Optics Holdings Corp.
Dennis is currently the Chairman, President & CEO of Middlesex Water Company, a highly successful publicly-traded investor-owned water and waste water utility company, serving homes and businesses comprising a population of nearly half a million people, primarily in New Jersey and Delaware. The company also provides contract utility services to the U.S. Department of Defense and other governmental and Industrial clients. Prior to joining Middlesex, Dennis served as Vice President & Controller of E’town Corporation, a publicly-traded company engaged in regulated and non-regulated water utility operations. He is a Director and Past Chairman of the Board of the New Jersey Utilities Association, representing the state’s electric, gas, water and telecommunications industries. Dennis has a diverse management background related to utilities, contract operations, capital management and corporate governance. He is a Certified Public Accountant and serves as Treasurer and a member of the Board of Trustees of the Water Research Foundation and is Immediate Past President of the National Association of Water Companies headquartered in Washington, DC. Dennis also serves as a member of the Advisory Committee of the New Jersey Climate Adaptation Alliance of Rutgers University.
Under Dennis Dolls leadership, the Middlesex Water Company produced year on year growth in annual revenue and continued profitability, the most recent revenue being in excess of $126 Million with net income in excess of $20 Million as reported in the company’s most recent 10K filing ending December 31st 2015. Dennis will focus on Corporate Governance and sound financial practice advisory in his role as a Board Member of Hammer Fiber Optics Holdings Corp.
Michael P. Cothill
Michael is a seasoned telecommunications veteran having over the past 25 years served the emerging Telecommunications and Broadband markets around the world. Most recently, Michael served as the CEO of the largest Fiber Optic Operator in the Horn of Africa, successfully deploying broadband networks which included fully equipped data centers capable of delivering the latest in IP switch and routing technology. As a pioneer in an innovative wireless “fiber-through-the-air” [FTTA] technology, Michael earned the prestigious Global Telecoms Business Innovations Award 2013 for “Solving the Broadband Access Challenge in Africa”. Prior to joining the board, Michael has led several startup and established companies in both management and advisory roles and now serves as Executive Chairman of Hammer Fiber Optics Holdings Corp.
Mark has spent his professional career working in the fiber optic industry, having held several senior posts in engineering and construction firms that provided key services to the largest organizations in the telecommunication industry worldwide. Most recently, Mark held the position of Head of Engineering of a primary construction and design vendor for Verizon Communications to oversee the full scale deployment of the Verizon FiOS fiber optic service covering the metropolitan areas of Philadelphia, Manhattan, Newark New Jersey and York Pennsylvania. Mark serves as Chief Executive Officer of Hammer Fiber Optics Holdings Corp.
Michael has spent his career in all facets of business startups including retail management, custom home design and construction as well as having spent many lucrative years in the automotive repair service industry. Michael, a serial entrepreneur, now spends his time as an early stage investor in companies where he takes a “hands on approach” in entrepreneurial guidance of the executive management team in both the principals of successful business methodology and the appropriate practice of corporate governance procedures. Michael secured the initial funding for Phase One of the Hammer Fiber Optic backbone and last mile wireless deployment and joined the board where he now serves as a non-executive director of Hammer Fiber Optics Holdings Corp.
Don MacNeil has more than 25 years of Telecommunications and Information Technology industry experience delivering technology-differentiated solutions to both local and International private and public clients. Most recently, Don served as the Chief Operating Officer at XO Communications, a telecommunications and IT services company with $1.4Billion in revenue and the owner and operator of significant deployments in fixed fiber optic infrastructure and wireless broadband licensed assets. Don gained a Master’s Degree in physics, is a graduate of the United States Naval Academy and holds a Master’s Degree in Business Administration from the University of William and Mary in Virginia. Don joined the board as a non-executive director of Hammer Fiber Optics Holdings Corp.
About Hammer Fiber
Hammer Fiber Optic Holdings Corp (OTC:HMMR) is a telecommunications investment company, whose holdings include Hammer Wireless Corporation, a USA based consultancy firm aiding businesses in the deployment of wireless technologies and Hammer Fiber Optic Investments, LTD, a NJ based registered Competitive Local Exchange Carrier that offers services throughout the New Jersey region, Philadelphia and New York. These services include fiber transit solutions, VoIP platforms, Ethernet connectivity and managed services to businesses ranging from small, medium to large enterprise as well as residential markets with broadband, voice and video. For more information visit http://www.hammerfiberopticinvestments.com
Frank J. Pena
Hammer Fiber Optic Holdings Corp.
Point Pleasant Beach, NJ, 08742
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.