VIPR Industries Inc.
PINKSHEETS : VIPR

VIPR Industries Inc.

May 29, 2012 11:21 ET

VIPR Industries Announces Corporate Restructuring With the Appointment of Mr. Jan Vrba as New CEO Following Reverse Split of Its Common Stock

LOS ANGELES, CALIFORNIA--(Marketwire - May 29, 2012) - VIPR Industries Inc. (PINKSHEETS:VIPR) ("VIPR") announces corporate changes and restructuring with the appointment of Mr. Jan Vrba as new CEO and director following the approval and implementation of a reverse split on its common stock.

Various changes enacted in the securities industry involving the clearing of stock certificates for companies with a stock price under .10 cents per share has negatively impacted the company. VIPR has experienced significant difficulties over the past year with its continued efforts to raise adequate financing / funding to complete additional planned exploration programmes and other corporate expenses. The changes were for the most part implemented in late 2010 and throughout 2011 by various stock clearing firms, both large and small. Several clearing firms implemented rules to not accept or clear certificates of public companies having a stock price under .10 cents per share. Other clearing firms have not accepted share certificates of public companies trading under .01 cent a share. Where the company previously had varied success in raising capital it suddenly experienced an abrupt stop starting in April of 2011. Where the company previously anticipated raising adequate financing to continue with its exploration programmes on its Msangachuki-Londoni, Singida Gold prospect property, located in Singida, Tanzania, management found it would have a shortfall of funds.

As a result of these factors, and repeated unsuccessful attempts for financing, the company's board of directors after consultation with its corporate attorneys and consultants ultimately decided to enact a reverse split of its common stock on a 5000 to 1 ratio. The reverse of its common stock was approved and effective by Finra on May 18, 2012. This has effectively brought its stock structure from 11,000,000,000 shares (pre split) to 2,200,000 shares post reverse split. Although the restructuring of its common stock was mainly for funding related reasons, additional reasons for the reverse split were conditions presented to VIPR by other companies possessing various mining properties and / or assets who expressed their desire to vend in those assets into VIPR. Such proposed transactions / acquisitions were conditional with VIPR implementing the reverse split should the company not be successful with additional financing. The company's stock symbol will revert back to VIPR within the next 14 to 20 days. Prior to the reverse split, the company moved its corporate domicile from the State Of Nevada to the State of Wyoming.

In other developments, VIPR is pleased to announce the appointment of Mr. Jan Vrba as the companies new CEO and Director, replacing outgoing CEO Mr. Robert Bandtfield who shall assume the role of Secretary and Vice President. Mr. Vrba is a well respected businessman and entrepreneur who provides VIPR with a wealth of mining, business experience and established business relationships that will be of great benefit towards enhancing the company's future growth propects. Mr. Vrba's appointment is a precursor towards the companies anticipated acquisition of other precious metal mining assets located within North America. Mr. Vrba has targeted certain properties with proven historical mineral findings with significant potential for economically viable mineral deposits. The anticipated precious metal asset acquisition(s) if completed, would be complementing its current Tanzanian Msangachuki-Londoni, Singida Gold prospect property, located in Singida, Tanzania, while at the same time providing a more manageable alternative to operating in foreign jurisdictions. Additional news anticipated to be announced very shortly.

About VIPR Industries Inc.

VIPR Industries Inc. is a precious metals exploration and development company focused on Gold and other precious metal resources and reserves through mergers, acquisitions and resource development.

Safe Harbor

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, general economic conditions, inherent mining risks, market conditions, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's filings and website, which all investors are advised to view at www.viprindustries.com/motion.asp?menuid=6266&lgid=1&siteid=100382.

For more information please visit http://www.viprindustries.com.

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