Science & Technology
Science and Technology
Science and Technology
Tue, January 20, 2009 Viper Networks, Inc. Announces Major Teaming Agreement
TROY, Mich.--([ BUSINESS WIRE ])--Viper Networks, Inc. (Pink Sheets:VPER) announced today that it has entered into a Teaming Agreement in the Kingdom of Saudi Arabia to form a new entity, Saudi Nossan Viper Green Key (SNVG) for the purpose of developing and bringing to market environmentally-friendly products and services. This Agreement was signed by Sheikh Bandar Bin Adel Mohammad Al-Fakir, Sheikh Faisal Bin Mohammad Al-khalil and Mr. Farid Shouekani, President of Viper Networks, Inc. SNVG will work on comprehensive environmental solutions in the region, including: waste management, sewer treatment, recycling, and environmental awareness programs to direct the general population toward an environmentally friendly way of life - "Circle of Green".
As previously announced on November 5, 2008, Viper entered into a Letter of Intent with Green Key Environmental Solutions, a Division of RXND LLC., for the exclusive sales and marketing throughout the Middle East and South Asia. This Letter of Intent has since been formalized and Viper Networks, Inc., through a wholly-owned subsidiary, is now providing Green Key with an administrative office in Saudi Arabia, as well as sales, marketing and technical support staff. This sales and marketing agreement gives Viper Networks, Inc. the exclusive distribution rights for Green Key's state-of-the-art environmentally conscious products and services in Saudi Arabia, Egypt, Tunisia, Algeria, Morocco, Bangladesh, Sri Lanka and the Maldives. Green Key's proprietary products include both government, commercial and residential machines that use FDA approved micro-biological ingredients that ferment and digest food matter converting to roughly 95% water and 5% organic and inorganic liquids which go down the drain systems. The result is a significant reduction in the food waste hauling that is overwhelming our landfills and as Green Key Say's "Green Made Simple" creating cost saving, improved sanitation conditions and significant reductions in overall food, waste and the resultant carbon footprints associated with the conventional systems.
Viper Networks, Inc. Chief Executive Officer, Farid Shouekani, commented, "We are extremely pleased to partner with such respected and accomplished businessmen to form SNVG. SNFG's first initiative is to address the serious problems of waste management in the Middle East and Asia, starting with the construction of a large-scale Green Key plant installation in Western Saudi Arabia. This plant is expected to process up to 1,000 metric tons per day of bio-waste and convert into compost, creating enormous savings in both waste hauling and to the region's current land fills. This is first of several planned large-scale projects in the Middle East and South Asia for SNVG. We plan to announce the financial details of this plant and other identified projects in the near term."
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.
