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Viper Networks, Inc.: Viper Networks (VPER) Announces Expansion of U.S. Headquarters

^{Published on 2009-10-07 14:08:19 - Market Wire}
 

TROY, MI--(Marketwire - October 7, 2009) - Viper Networks, Inc. (PINKSHEETS: [ VPER ]), a telecommunication network operations and technical management company, announces that it has moved its North American headquarters to a larger facility in [ Troy, Michigan ], within the Greater Detroit Metro area. This strategic relocation will not only facilitate the recent and forthcoming increase in key personnel and the expansion of Viper Networks' operational divisions, but will serve to accommodate the rapid growth the company has secured through their recently awarded [ India telecom license ] and current deployment for a redundant network between the U.S., Europe and India.

As previously announced ([ Letter of Intent news: 8/19/09 ]), the company's merger with Cirilium India Pvt. Ltd. is nearing conclusion and Viper Networks expects to announce the closing of this transaction and release the financial details shortly.

Mr. Farid Shouekani, President of Viper Networks, comments: "Expanding the size of our U.S. headquarters clearly illustrates the solid foundation we have built since 2005, and the bona fide growth the company is experiencing through the rapid deployment of our redundant global network between the United States, Europe and Asia."

Mr. Shouekani, continued: "Regarding our pending acquisition of Cirilium India Pvt. Ltd., company shareholders should note that our previous revenue projections for $50,000,000 in 2010 reflected our ongoing Joint Venture with Cirilium. However, upon concluding our merger transaction with them, Viper Networks' projected revenues for fiscal 2010 would essentially double to estimated revenues in excess of $100 million next year."

The new U.S. Viper Networks headquarters location and address is 189 E. Big Beaver Road, Second Floor, Troy, Michigan 48083.

Viper Networks, Inc. expects to issue its audited financial statements for the year ended December 31, 2008, as well as the unaudited financial statements for the nine months ended September 30, 2009, and make them available at [ www.pinksheets.com ] shortly.

For further information, Rich Kaiser, Investor Relations YES INTERNATIONAL, 800.631.8127and/or e-mail [ info@vipernetworks.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,the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially.