Viper Networks Expects To Start JV Manufacturing Project Prior To LED Acquisition Candidate Merger
March 30 2012 - 3:38PM
Business Wire
Viper Networks, Inc. (Pink Sheets: VPER), announces that the
Company expects to enter into a joint venture (JV) project next
week as part of their final due diligence process with a profitable
LED manufacturing company that they have been in acquisition talks
with since January.
As previously announced, the Company has been in merger talks
with several U.S.-based firms since early 2012; one of which is
located in the northeastern part of the United States and
specifically provides LED manufacturing capabilities.
The Company’s joint venture manufacturing project, which is
expected to commence within days, also promises to expand Viper
Networks’ potential from their multiple agreements and major
alliance with LEDs America, Inc., which includes broad
manufacturing rights among other key agreements, including; sales
and marketing, global exporting, along with multiple foreign
country territorial exclusivity rights.
Since the Company is also involved in other due diligence
matters with multiple acquisition candidates, Viper Networks may
well release any expected closing date on another company prior to
releasing such on the one featured in this announcement.
For additional information, please visit
www.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.
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