Hammer Fiber Optics Holdings Corp Hires Financial Services Veteran to Lead the Company's New Fintech Initiative
2021-09-20 08:01 ET - News Release
New York, New York--(Newsfile Corp. - September 20, 2021) - Hammer Fiber Optics Holdings Corp (OTCQB: HMMR), soon to be known as Hammer Technology Holdings, announced today that as part of its evolving diversification strategy the Company is appointing Kevin Ferguson as Principal Consultant Global Fintech Acquisitions. Under his guidance and with the unanimous commitment of the Board of Directors, the Company will be seeking the acquisition of various valuable fintech initiatives.
Kevin Ferguson, a veteran of the financial services and fintech industries, has extensive knowledge of international banking and payments technology initiatives, which maximizes Hammer's opportunity within current market offerings to build the banking relationships and fintech partnerships so critical to launching services in new global markets. Mr. Ferguson has held numerous executive operational leadership roles with international technology and fintech providers such as Deloitte Consulting, SAP, SunGard (now FIS,) Element AI (now Service Now,) NewComLink and Oracle.
Commenting on Mr. Ferguson's leadership, extensive experience and industry knowledge to drive the Company's diversification strategy forward, Michael Cothill, Chairman of the Board since its inception and newly appointed Executive Chairman of the Hammer group, said that, "The time to market is of the essence and Mr. Ferguson has rapidly identified the first potential acquisition of a Swiss based fintech entity who has developed and deployed a fully functional state-of-the-art cross-border payment and remittance platform."
"Although the final details of the transaction are still under a Strictly Confidential Letter of Intent, the successful acquisition of this fintech entity who has key strategic banking partnerships in place, will significantly and rapidly position Hammer as a viable and lucrative international cross border remittance and bill payment competitor," said Mr. Ferguson.
"Hammer plans to finalize the definitive agreement of this material acquisition imminently," Cothill concluded.
