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Viper Networks, Inc. Announces First Green Key Plant

^{Published on 2009-01-27 09:52:03, Last Modified on 2009-01-27 09:52:51 - Market Wire}
 

TROY, Mich.--([ BUSINESS WIRE ])--Viper Networks, Inc. (Pink Sheets:VPER) announced today that Saudi Nossan Viper Green Key (SNVG) is working on project specific analysis and site selection for a large-scale plant installation in the country to process new waste and existing waste dump that can relieve the region from several million metric tons of bio waste to convert to compost. This is first of several planned Green Key projects in the Middle East.

As previously announced, Viper Networks, Inc. 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".

Viper Networks, Inc. Chief Executive Officer, Farid Shouekani, commented, "We expect to provide the financial details of this project in the next 30 days. We are also very pleased to announce that in addition to their overall contributions to SNVG, some of our partners and investors, are providing financial resources to Viper Networks, Inc. for growth, expansion and general working capital."

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.