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VPER

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Latest Financial News for VPER


Boris Davidoff PhD Appointed Executive VP of Viper Networks, Inc.
Posted on Thursday May 20, 2021

TROY, Mich., May 20, 2021 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets: VPER), an emerging international leader in the LED lighting products and integrated systems markets for Smart City projects, is pleased to announce the appointment of Boris Davidoff, Ph.D. as the company’s Executive VP and the Head of International Business Development. In addition, Dr. Davidoff will be a member of the board. Dr. Davidoff has extensive experience in business development and modeling in AI and financial engineering. Dr. Davidoff is the CEO of the "Prospective Technology Solutions, Inc." and managing partner for "Davidoff Guthart Fund, LLC" & "Prospective Technology Solutions Fund LLC". Based in New York, New York, Dr. Davidoff expertise in leading the full execution of new product development, deep passion for designing, crafting, and commercializing innovative products that drive organizational growth will be great asset to our company.ABOUT VIPER NETWORKSViper Networks, Inc., with its product Apollo Smart Lights, is a manufacturer and distributor of highly-efficient LED lighting to provide superior turnkey LED lighting solutions for metropolitan areas. By combining LED Lighting, GSM, Sensors, Infrared and Video into a single design; Apollo Smart Lights' proprietary line of wireless products can be applied to existing infrastructure through streamlined system integration for a full selection of intelligent LED lighting solutions worldwide.For more information see www.ViperNetworks.com or follow us on twitter @vipernetworks Notice Regarding Forward-Looking StatementsThis news release contains "forward-looking statements" as that term is defined in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this release which are not historical are forward-looking and include any statements regarding beliefs, expectations or intentions regarding the future. Investor/Media Contact: SAG Equity Group at 407.444.5959


CORRECTION -- Viper Networks, Inc.
Posted on Tuesday May 18, 2021

TROY, Mich., May 18, 2021 (GLOBE NEWSWIRE) -- In a release issued today by Viper Networks, Inc. with the headline "Viper Networks and Local Partner Interconnected with Airtel, Hutch and SLT to Launch 100 Million Phase 1 Smart City Project in Sri Lanka," please note that currency was not indicated in the headline or first paragraph. It is USD. The corrected headline and first paragraph follow: Viper Networks and Local Partner Interconnected with Airtel, Hutch and SLT to Launch $100 Million USD Phase 1 Smart City Project in Sri Lanka Viper Networks, Inc. (OTC Pink: VPER), (Company), an international leader in the LED lighting products and integrated systems markets for Smart City projects, is pleased to announce partnership with local service provider interconnected to three (3) separate contracts with Sri Lanka Telecom (SLT), Bharti Airtel and Hutch to Launch $100 Million USD Phase 1 Smart City Project in Sri Lanka. The project will grow into subsequent phases making it a $500 million USD project over the next 4 to 5 years. Investor/Media Contact: SAG Equity Group at 407.444.5959


Viper Networks and Local Partner Interconnected with Airtel, Hutch and SLT to Launch 100 Million Phase 1 Smart City Project in Sri Lanka
Posted on Tuesday May 18, 2021

TROY, Mich., May 18, 2021 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (OTC Pink: VPER), (Company), an international leader in the LED lighting products and integrated systems markets for Smart City projects, is pleased to announce partnership with local service provider interconnected to three (3) separate contracts with Sri Lanka Telecom (SLT), Bharti Airtel and Hutch to Launch 100 Million Phase 1 Smart City Project in Sri Lanka. The project will grow into subsequent phases making it a 500 million project over the next 4 to 5 years. Initially, the Company will install Smart City LED Light Poles at colleges and university campuses throughout Colombo, which is the commercial capital and largest city in Sri Lanka, with an estimated population of 5.6 million. Upon completion, the Company will then commence on the broader installation project for the entire country, which will include all bus stops, terminals and train stations, along with colleges and universities countrywide. Sri Lanka has a total population of nearly 22 million people. The Sri Lanka contract with the local service providers calls for Viper Networks’ Apollo Smart Pole digital hub to provide remotely managed capabilities for High Resolution Security Cameras, Information Video Panels and Wi-Fi for wireless communications and mobile apps (i.e. CyberGrab) and of course, Intelligent LED Lighting. Additionally, Viper Networks is expected to soon launch their CyberGrab app platform for Sri Lanka. The Company’s CyberGrab Services, an All-In-One platform app will include popular ride sharing services in addition to taxis, grocery and common delivery, bill pay among an expanding list of other local service providers catering to today’s consumers throughout Sri Lanka. Viper Networks CEO, Mr. Shouekani, commented: “It has certainly been the innovative, state-of-the-art technology of our Smart City products that has helped lead the way in partnering with market leaders on the international stage. However, it is today’s critical need to address, fix and upgrade the deteriorating infrastructure of many major cities and countries worldwide, that is further magnifying Viper Networks burgeoning global success. The Company is experiencing growing demand for our products and technologies and we intend to communicate more significant international developments just as soon as we can.” ABOUT AIRTEL (Bharti Airtel Limited) Airtel is the second largest mobile network operator in the world with approximately 458 million subscribers. Founded in 1995, Airtel is a multinational telecommunications services company based in New Delhi, India; which operates in 18 countries across South Asia and Africa; and is India’s largest telecom service provider for customer and business. ABOUNT HUTCH (a subsidiary of CK Hutchison Holdings Limited) Hutch is a Sri Lankan telecommunication service provider and the country's third largest mobile network operator, with approximately 27% of the Sri Lankan mobile market. Hutch is a subsidiary of CK Hutchison Holdings Limited which owns 85% controlling stake of the company while the rest is held by Emirates Telecommunication Group Company PJSC. ABOUT SRI LANKA TELECOM (SLT) Sri Lanka Telecom PLC is the national telecommunications services provider in Sri Lanka and one of the country’s largest companies with a history of over 150 years, having started its operations in 1858. SLT provides domestic and corporate services which include fixed and wireless telephony, Internet access and IT services to domestic, public and business sector customers. For more information see www.ViperNetworks.com or follow us on twitter @vipernetworks.com Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements" as that term is defined in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this release which are not historical are forward-looking and include any statements regarding beliefs, expectations or intentions regarding the future. Investor/Media Contact: SAG Equity Group at 407.444.5959


Viper Networks Reduces Debt by $38.5 Million and Reduces Total Outstanding Shares by 7.8%
Posted on Wednesday May 12, 2021

TROY, Mich., May 12, 2021 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (OTC Pink: VPER), (Company), an emerging international leader in the LED lighting products and integrated systems markets for Smart City projects, announces that the Company has provided a ‘Disclosure Statement’ per OTC Pink Basic Disclosure Guidelines with Unaudited Consolidated Financial Statements for the three month period (fiscal 1st quarter) ending March 31, 2021. With Viper Networks’ Consolidated Statement of Income statement under ‘Other Income (Expenses)’, the Company shows a Forgiveness of debt amount of $38,567,237 million. After subtracting the Interest Expense (864,677) and modest Net Operating Loss (77,162), Viper Networks shows a Net Income of $ 37,625,398 for the 3-month period ending 3/31/2021. The Company has monthly accrued salaries due to four (4) officers with an annual interest rate of 33.16%. However, the Company was able to reach agreements to adjust the rate to 10% retroactively. Based on the decrease in interest rate over many years, the Company has reduced the total amount of debt from $51.3 million to $12.7 million. Although the Company will begin to repay the officers as operations continue to expand and greater cash flow becomes available, the Company will continue to work to further reduce the remaining amount in the most equitable way possible. Viper Networks will continue to reorganize and restructure key areas of operation to further maximize corporate efficacies and profitability going forward. Additionally, the Company has federal operating losses of approximately $70 million to carry-forward to off-set profits with expirations beginning in 2030. Management also believes that the Company has a similar amount of state operating losses available, however the expiration dates have not yet been determined, so the Company may place limitations on the use of these net operating losses from various states. To help maximize shareholder value, the Company recently was able to reduce the number of outstanding shares by 7.8% or 470 million shares. Management further believes that they can reduce the amount by another 30 million shares, from a firm that has gone out of business and will likely have no recourse to individually reclaim the shares or otherwise. This would effectively put the reduced number of shares to 500 million or 8.3%. Viper Networks CEO, Mr. Shouekani, commented: “The Company is fast emerging on the global stage as a reliable partner with superior technology for Smart City projects, LED Lighting and mobile communications. All though we have already released a number of press releases highlighting significant developments since February; we have within our grasp, several major opportunities that can forever impact Viper Networks’ worldwide standing overnight. Knowing this, I simply ask every shareholder to have a little more patience and faith in what promises to unfold over the next several weeks and months.” For more information see www.ViperNetworks.com or follow us on twitter @vipernetworks.com Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements" as that term is defined in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this release which are not historical are forward-looking and include any statements regarding beliefs, expectations or intentions regarding the future. Investor/Media Contact: 248-724-1300


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