N@N

Viper Networks, Inc.: Viper Networks, Inc. Announces Negotiations for Partners in India Operations

^{Published on 2009-06-30 09:52:08, Last Modified on 2009-06-30 09:52:52 - Market Wire}
 

TROY, MI--(Marketwire - June 30, 2009) - Viper Networks, Inc. (PINKSHEETS: [ VPER ]) announced today that it has been negotiating with the largest telecommunications providers in Africa and the Middle East for a distribution agreement for its recently awarded India telecom license. This distribution agreement includes sales and marketing of all of the communication products allowed in the franchise agreement. The Company expects to close this distribution agreement and announce details within the next two weeks.

As previously announced, the Company signed a 5-year Joint Venture Agreement with Cirilum 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 roughly 50,000,000 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 Cirilum 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.

Viper Networks, Inc. has projected that its interest in this Joint Venture will earn revenue of $15,000,000 for 2009 and 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, as well as the unaudited financial statements for the three months ended March 31, 2009, and will be making them available at [ www.pinksheets.com ].

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.