SOURCE: Viper Networks Inc.

October 30, 2007 09:30 ET

Viper Networks to Market VoIP Products and Services to Consumers in Nigeria Through Partnership With Navao Nigeria Limited

SAN DIEGO, CA--(Marketwire - October 30, 2007) - Viper Networks, Inc., (PINKSHEETS: VPER), a leading innovator and provider of Voice-over-Internet Protocol (VoIP) products and services, announced today that it has signed a Letter of Intent (LOI) to establish a partnership with Navao Nigeria Limited to distribute a full line of VoIP products and services to both residential and commercial customers in Nigeria. The LOI agreement was signed Oct 29Th by both companies, with the mutual goal being to strengthen each company's position in the rapidly growing VoIP market in Nigeria. Navao Nigeria Limited is a licensed Telecommunications service provider, which is headquartered in Lagos, Nigeria.

CEO of Viper Networks, Mr. Farid Shouekani, commented, "This relationship with Navao Nigeria Limited will be very beneficial to Viper; especially to our efforts of establishing a presence in the African market, as Navao has access to powerful distribution and marketing channels throughout Africa.

"Our plan includes, among other components, marketing VoIP products and services designed to fulfill the specific needs of consumers in Nigeria. Through collaborative efforts with Navao Nigeria Limited we have identified several emerging market trends unique to Nigerian communities both in and outside of Nigeria that we intend to capitalize on."

More information on the intended partnership will be made available to investors as soon as possible. Viper Networks anticipates finalizing the Navao Limited agreement by/during January 2008.

About Viper Networks, Inc.

Viper Networks, Inc. provides VoIP products and services through distributors and resellers around the world. Its network of VoIP gateways serves more than 350 countries and regions, and it is unique in offering both network services and equipment to its customers. Unlike most competing VoIP providers, Viper Networks offers its Customer's a choice of service on either a pre-pay basis (only charging for minutes used) or fixed-rate monthly calling plans. Its Internet-based users can get dial-up or broadband service with equal quality. Viper has been pioneering VoIP service and technology for more than five years. For more information, please visit www.vipernetworks.com.

Forward-looking Statements: 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 to the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially are the following: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; opportunities to develop partnerships with other businesses; availability of third-party material products at reasonable prices; the financial condition of the customer; risks of obsolescence due to shifts in market demand; and litigation involving product liabilities and consumer issues. Viper Networks Inc. cautions readers not to place undue reliance upon any such forward looking statements, which speak only as of the date made. Viper Networks Inc. expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based. You are advised to see our electronic filings at the Sec's web site at www.sec.gov for further information.

Contact Information

  • Investor or Media Contact:
    Tim Bradford
    Mercantile Ascendency
    (214) 461-3500