SOURCE: Viper Networks, Inc.

VPER, Viper Networks, VoIP, India, Riyadh, Saudi Arabia

October 22, 2009 07:55 ET

Viper Networks (VPER) Announces Form 10 Registration Plans

TROY, MI--(Marketwire - October 22, 2009) - Viper Networks, Inc. (PINKSHEETS: VPER), a telecommunication network operations and technical management company, announced today that it has engaged a professional legal and accounting team to prepare and file a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC), to commence the process of becoming a fully-reporting company once again, in addition to potentially seeking a higher market listing for the Company.

The full service accounting firm Chang G. Park, CPA, of Southern California since 1988, will provide all financial guidance and internal auditing prior to submitting their final certified audits on behalf of Viper Networks, Inc.

Additionally, Securities Law attorney William M. Aul, Attorney At Law (San Diego, CA), and Professor at California Western School of Law, will continue to act as special counsel to the Company and participate in the preparations and filing of the SEC Form 10 registration.

The Company plans to have its independent auditors complete the audit through year-end December 31, 2009 and file the registration statement as soon as possible thereafter. Upon effectiveness of the registration, the Company would be eligible to apply to FINRA for an OTC BB listing or may meet the higher listing requirements needed for application to trade on an American Stock Exchange.

Farid Shouekani, Viper Networks President, said, "Our forthcoming USSEC 1934 Exchange Act - Form 10 registration plan is a significant move forward, as we look to provide the market and Viper Networks' thousands of shareholders with complete transparency that comes with being a fully-reporting firm. The Company has recently finished its audited financial statements for 2008, as well as the unaudited financials for the nine month period ended September 30, 2009, which was done in direct relation to closing our acquisition merger with our joint venture partner Cirilium India. We look forward to confirming the success of this major transaction and releasing further details regarding this notable milestone for Viper Networks shortly."

Mr. Shouekani continued, "Loyal shareholders should know that the executive team and board members at Viper Networks have spent the larger part of the last twelve months resolving all financial liabilities, expanding our global footprint strategy, identifying additional revenue channels, executing key partnerships with long-term agreements and securing substantial funding commitments on a non-dilutive basis. Incorporating the revenues and profitability of our joint venture partner into the Company's fourth quarter numbers and the forthcoming audits for our 2009 fiscal year, should help define the magnitude of Viper Networks' business model going forward.''

For information, visit www.vipernetworks.com, or contact Rich Kaiser, Investor Relations (800)631.8127 or e-mail info@vipernetworks.com.

This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to the Company as of the date hereof; and Viper Networks' actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business.

Contact Information

  • CONTACT:
    RICH KAISER
    800.631.8127