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Viper Networks, Inc. (VPER) Finalizes Merger, Pending Approvals, With Cirilium India and Announces Revenue and Gross Profit Projections

Stuart Smith (October 27th, 2009) Writes:

TROY, MI — (Marketwire) — 10/27/09 — Viper Networks, Inc. (PINKSHEETS: VPER), a global telecommunication network operations and technical management company, announced today that it has successfully finalized, pending final regulatory approvals, the acquisition merger with Cirilium India Pvt. Ltd.. This merger with the Company’s joint venture partner, upon completion, will entail a combination of cash, stock and certain technical and operational management contributions.

As previously announced, Cirilium India Pvt. Ltd., based in Chennai, India, is a profitable communications provider with a world class multi-gigabit, multi-protocol convergent IP infrastructure that provides convergent services like voice, data and video through the same Backbone and Broadband Access Network.

The consummation of this merger transaction with Cirilum, provides the Company with the exclusive franchise rights with Bharat Sanchar Nigam, Ltd. (BSNL), and majority ownership for operating the awarded India license both inside and outside of the country.

BSNL is the 7th largest telecommunications company

...

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