LEDs America to Award Viper Networks Exclusivity in India and Saudi Arabia for All LED-O® Products
January 30 2012 - 9:04AM
Business Wire
Viper Networks, Inc. (Pink Sheets: VPER), is pleased to announce
that LEDs America has agreed to award the Company with complete
sales and marketing export rights with 100% exclusivity for LEDs
America’s LED products for the entire country of India, as well as
Saudi Arabia for the next 5 years.
To receive automatic exclusivity renewal for these two
countries, final terms of the agreement will include modest annual
sales and/or revenue growth benchmarks, since Viper Networks is
currently in manufacturing supplier contract negotiations with LEDs
America in North America.
The exclusivity agreement includes all products sold under the
LED-O® registered brand name, along with complete rights for
current products under development, and future products that may be
developed and/or engineered during the Company’s exclusivity
period.
In other news, Viper Networks has recently begun talks with two
U.S.-based companies; one that offers compelling synergy to the
Company’s emerging business within the LED sector, and another that
represents a uniquely complimentary opportunity from within the
energy distribution industry.
The two acquisitions and/or merger candidates are profitable
entities with annual revenues of from $2.5 million to approximately
$10 million, respectively.
While there has been a growing stream of Viper Networks press
releases regarding LEDs America over the last month, some
shareholders have begun to inquire about the Company’s
telecommunications and information technology (IT) business in Asia
and the Middle East.
Noting such, the management of Viper Networks intends to release
a corporate update announcement during the first quarter of 2012.
There are many positive developments unfolding right now and much
of it has to do with building significant corporate value right
here in North America.
Viper Network shareholders and potential investors are
encouraged to follow the Company’s progress closely and keep the
symbol VPER on their watch list for more news announcements and
press releases.
For additional information, please visit www.vipernetworks.com,
www.LEDsAmerica.com and www.LEDOglobal.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.
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