TROY, MI — (Marketwire) — 10/29/09 — Viper Networks, Inc. (PINKSHEETS: VPER), a global telecommunication network operations and technical management company, announced today that it has signed a Letter of Intent to acquire a 49% interest of a privately held, profitable construction company based in Saudi Arabia, for a combination of cash and stock.

Farid Shouekani, President of Viper Networks, commented: “As we continue to aggressively expand our telecommunications division, this acquisition not only provides the Company with a sizable investment in existing real estate and construction projects throughout the Middle East, but also provides us immediate access to a well established team of proven professionals to help bring our non-teleco related projects to fruition in the Company’s emerging real estate, construction and energy divisions.”

Mr. Shouekani continued, “This additional interest in high-quality properties in our core markets represents an excellent opportunity for Viper Networks to add value with a modest investment.”

The Company anticipates completing due diligence, closing this acquisition and announcing the financial and other pertinent details within the next 45 days.

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:
RICH KAISER
800.631.8127

Related posts

• Viper Networks, Inc. (VPER) Finalizes Merger, Pending Approvals, With Cirilium India and Announces Revenue and Gross Profit Projections (0)
• Viper Networks, Inc. (VPER) Announces Telecommunications Agreement in Bahrain (0)
• Viper Networks, Inc. (VPER) Announces North American Network Deployment (0)
• Viper Networks, Inc. (VPER) Announces Malaysia Network Deployment (0)
• Viper Networks, Inc. (VPER) Announces $10 Million Institutional Funding Commitment (0)

Last 5 posts by Stuart T. Smith

• 3-19-10 Audio Interview with Green Energy Live, Inc. (OTCBB: GELV) - March 19th, 2010
• 3-19-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com - March 19th, 2010
• Freshwater Announces Major Sales Progress in Peru - March 19th, 2010
• China Jo-Jo Drugstores Appoints Independent Director and Strengthens Corporate Governance, And Has Applied for Listing on the NASDAQ Capital Market - March 18th, 2010
• 3-18-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com - March 18th, 2010