VPER News Viper Networks Expects To Start JV Manufacturing Project Prior To LED Acquisition Candidate Merger

2012-03-30 15:38 ET - News Release

Joint Venture Project Would Align Viper Networks with the First LED Manufacturing Facility in the U.S.

Company Website: http://www.vipernetworks.com
TROY, Mich. -- (Business Wire)

Viper Networks, Inc. (Pink Sheets: VPER), announces that the Company expects to enter into a joint venture (JV) project next week as part of their final due diligence process with a profitable LED manufacturing company that they have been in acquisition talks with since January.

As previously announced, the Company has been in merger talks with several U.S.-based firms since early 2012; one of which is located in the northeastern part of the United States and specifically provides LED manufacturing capabilities.

The Company’s joint venture manufacturing project, which is expected to commence within days, also promises to expand Viper Networks’ potential from their multiple agreements and major alliance with LEDs America, Inc., which includes broad manufacturing rights among other key agreements, including; sales and marketing, global exporting, along with multiple foreign country territorial exclusivity rights.

Since the Company is also involved in other due diligence matters with multiple acquisition candidates, Viper Networks may well release any expected closing date on another company prior to releasing such on the one featured in this announcement.