Science & Technology
Science and Technology
Science and Technology
Wed, February 18, 2009 Viper Networks Announces Letter of Intent
TROY, Mich.--([ BUSINESS WIRE ])--Viper Networks, Inc. (Pink Sheets:VPER) announced today that it has entered into a Letter of Intent with RXND, LLC for the merger with its subsidiary, Green Key Environmental Solutions, Inc.
Viper Networks, Inc., through a wholly-owned subsidiary, has been providing Green Key with an administrative office in Saudi Arabia, as well as sales, marketing and technical support staff as part of an exclusive sales and marketing agreement for the distribution of Green Key's state-of-the-art environmentally-friendly products and services in Saudi Arabia, Egypt, Tunisia, Algeria, Morocco, Bangladesh, Sri Lanka and the Maldives.
Green Key's patented flagship product line includes 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.
In addition to their flagship product line, Green Key has several other products and services in various stages of development in the energy and waste management industries, including its recently released GK Dual Rotor Wind Turbine. The GK Dual Rotor Wind Turbine is a patented, free direction wind turbine that converts wind to electricity in a clean and renewable solution. Green Key has various models capable of .05 to 50 megawatts that are priced from $330,000 to $54,000,000.
Green Key is currently headquartered in Miami, Florida with operations in Korea, Puerto Rico, and Latin America.
Viper Networks, Inc. Chief Executive Officer, Farid Shouekani, commented, "We plan to utilize our international contacts to aggressively and effectively bring Green Key's patented products and services to market. Our initial efforts in Middle East have been very well received from both government and commercial channels and we look forward to exploring distribution opportunities worldwide."
Mr. Shouekani continued, "Upon closing of this merger, we expect to implement a corporate name and release a new corporate web site with information on all of the Company's products and services. We will continue to announcement developments as events transpire."
Viper Networks, Inc. expects to complete its due diligence and close this merger in the next 45 days.
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.
