LEDs America to Award Viper Networks Exclusivity in India and Saudi Arabia for All LED-O® Products

Date : 01/30/2012 @ 9:04AM
Source : Business Wire
Stock : Viper Networks, Inc. (PC) (VPER)
Quote : 0.0002  0.0 (0.00%) @ 2:15AM
Viper Networks, Inc. (PC) share price Chart

LEDs America to Award Viper Networks Exclusivity in India and Saudi Arabia for All LED-O® Products

Viper Networks, Inc. (PC) (USOTC:VPER)
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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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