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Fri, May 15, 2009
Thu, May 14, 2009
Wed, May 13, 2009 Viper Networks, Inc.: Viper Networks, Inc. Announces Approval for Sales Launch
TROY, MI--(Marketwire - May 13, 2009) - Viper Networks, Inc. (
As previously announced, the Company will launch operations by June 15, 2009 on a 5-year Joint Venture Agreement with Cirilium India Pvt. Ltd. for the exclusive franchise rights with BHARAT SANCHAR NIGAM LIMITED (a Government of India Enterprise) for pre-paid international calling cards for retail inbound international traffic. This joint venture will target the Indian expatriate community and a floating population of Indian tourists outside India. This card will enable users to call from any landline, mobile, PC or any VoIP enabled device from countries where it is proposed to be launched in the world. The card will be available both in India and outside India. Viper is partnering with Cirilium India Pvt. Ltd. to own and operate this license, offering a full spectrum of national and international telecom services, including: VoIP, Calling Cards and Pinless Accounts.
"Today's announcement is proof of the importance of the Middle Eastern and Asian consumers to Viper as a global company, and the critical role that these regions will play in Viper's future," said Farid Shouekani, president and CEO of Viper Networks, Inc. "The spirit of success is alive and well at Viper, and I have every confidence that this Joint Venture will soon become a shining star in our network."
Viper Networks, Inc. has projected that its interest in this Joint Venture will earn revenue of $15,000,000 for 2009, growing to over $50,000,000 for fiscal 2010. Viper will generate revenues through network operations and technical management fees, as well as an equity ownership stake.
Viper Networks, Inc. is finishing its audited financial statements for the year ended December 31, 2008 and will be making them available at [ www.pinksheets.com ] shortly.
Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. In addition to the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially are the following: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; availability of third-party material products at reasonable prices; the financial condition of the customer; risks of obsolescence due to shifts in market demand; and litigation involving product liabilities and consumer issues. Viper Networks Inc. cautions readers not to place undue reliance upon any such forward looking statements, which speak only as of the date made. Viper Networks, Inc. expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based.
