Viper Networks (VPER) Announces 49% LOI for Saudi Arabian Construction Company
Stuart Smith (October 29th, 2009) Writes:
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
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