Viper Networks, Inc. (PN) (USOTC:VPER)
Historical Stock Chart
5 Years : From Dec 2011 to Dec 2016
Viper Networks, Inc. (Pink Sheets: VPER), is pleased to announce that
the Company has signed a term sheet with three other joint venture
partners, to create the first U.S.-based LED manufacturing and assembly
facility, which will be located in Washington D.C.
The joint venture has been established to provide a new energy efficient
production venue that will specifically target job creation and
commercial development near the Nation’s Capitol in the District of
However, this multi-faceted joint venture will serve a number of
critical purposes on behalf of Viper Networks’ corporate growth strategy
along with furthering the new industry and job growth initiatives for
Although the Company expects to announce all joint venture entity names
and agreement details shortly, Viper Networks is happy to report that
the Company and LEDs America, Inc. have secured majority ownership of
the JV manufacturing project.
Those who have followed Viper Networks’ corporate news releases during
2012, should recognize the name LEDs America and how far this alliance
has evolved, per announcements on numerous occasions denoting
agreements, rights and understandings between both parties.
Since an existing building is being leased in the D.C. area for the LED
project, the JV partners plan to begin the LED manufacturing and
assembly line build-out this month (April), with projected completion
The well defined project should further Viper Networks plans for
expanding nationally. Once production commences in the Washington D.C.
facility, the Company will focus on launching additional facilities, as
they are currently working on multiple grants in numerous U.S. regions.
Since the Company will be working directly with one of their acquisition
candidates, noteworthy benefits include; verifying ability to
manufacture various product designs and patents, especially
semiconductor LED chip capabilities, which will allow Viper Networks to
control quality and cost, and position the Company in new category,
which may justify higher valuation models.
The Company is simultaneously working on several large LED sales
contracts for 2012.
For additional information, see www.ledsamerica.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