SOURCE: Viper Networks, Inc.

Viper Networks, Inc.

August 05, 2009 09:00 ET

Viper Networks, Inc. Announces Sales and Distribution Agreement

TROY, MI--(Marketwire - August 5, 2009) - Viper Networks, Inc. (PINKSHEETS: VPER) announced today that it has entered into an Agreement with 2P (www.pp.com.sa), one of Saudi Arabia's leading telecommunication providers, for sales, distribution and other value-added services for its recently awarded India telecom license.

Established in the capital of Saudi Arabia in 2004, 2P is one of the first technology companies in the Kingdom of Saudi Arabia to offer a complete range of integrated telecommunication services. Since its inception, 2P continues to grow, with the number of employees increasing by tenfold and the number of customers has increased twentyfold, becoming a recent member of Saudi Arabia's list of 100 fastest growing private companies.

2P recently completed the network and interoperability testing as part of the final stages of negotiations, paving the way for additional agreements with other providers. To meet projected revenue and ramp sales as quickly and efficiently as possible, Viper has targeted some of the largest telecommunications providers in Africa and the Middle East for various sales, distribution and carrier agreements.

As previously announced, the Company signed a 5-year Joint Venture Agreement with Cirilium India Pvt. Ltd. for the exclusive franchise rights with BHARAT SANCHAR NIGAM LIMITED (a Government of India Enterprise) for pre-paid international calling cards for retail inbound international traffic. This Joint Venture will target the roughly 50,000,000 Indian expatriate community and a floating population of Indian tourists outside India. This card will enable users to call from any landline, mobile, PC or any VoIP enabled device from countries where it is proposed to be launched in the world. The card will be available both in India and outside India. Viper is partnering with Cirilium India Pvt. Ltd. to own and operate this license, offering a full spectrum of national and international telecom services, including: VoIP, Calling Cards and Pinless Accounts.

Viper Networks, Inc. has projected that its interest in this Joint Venture will earn revenue of $15,000,000 for 2009 and growing to over $50,000,000 for fiscal 2010. Viper will generate revenues through network operations and technical management fees, as well as an equity ownership stake.

Viper Networks, Inc. is finishing its audited financial statements for the year ended December 31, 2008, as well as the unaudited financial statements for the three months ended March 31, 2009, and will be making them available at www.pinksheets.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. 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; 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.

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