Viper Networks, Inc. Announces Placement Agreement for Construction Financing

TROY, Mich.--([ BUSINESS WIRE ])--Viper Networks, Inc. (Pink Sheets:VPER) announced today that Saudi Nossan Viper Green Key (SNVG) has executed a Financing Placement Agreement with PRG Realty Advisors, Inc. of Dallas, Texas for the procurement of a $100,000,000 (SR3750,000,000) financing for the construction of the Company's first large-scale Green Key plant installation to be built on 2.000.000m2 of land located in Industrial City in the Kingdom of Saudi Arabia, pending final license award.

As previously announced, Viper Networks, Inc. has been working on project specific analysis and site selection for its first Green Key plant in the Kingdom of Saudi Arabia. This large-scale plant installation will 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 by SNVG, a new entity formed for the purpose of developing and bringing to market environmentally-friendly products and services. SNVG was formed by Sheikh Bandar Bin Adel Mohammad Al-Fageer, 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 are extremely pleased to bring this long-awaited project one step closer to fruition. This is a major development for Viper Networks, Inc. and its shareholders. By providing a solid foundation to build upon, as we continue to expand our reach from VoIP into construction, energy and waste management businesses, as well as creating our footprint in this region. It is also very important for me to report that this will be project-specific financing and will not include any issuances of any of the Company's classes of securities."

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.

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Viper Networks, Inc. Announces Placement Agreement for Construction Financing