VPER News Viper Networks Prioritizes Completion of 2-Year Financials to Expedite Submission to Independent Auditors

2012-05-01 07:45 ET - News Release

DETROIT, May 1, 2012 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets:VPER), is pleased to announce the appointment of Mr. David Alpert of Prestige Business Management, Inc. of Nevada, to supervise and complete the last two fiscal years of the Company's financials ended December 31, 2011.

Upon completion, Mr. Alpert and Viper Networks' attorney W. Scott Lawler of Arizona, will submit the financials, notes and S.1 and all other relevant documents to an independent auditor certified by the S.E.C., which will be the independent accounting firm (in Southern California) of Chang G. Park, CPA, Ph.D, PCAOB Auditors.

The Company is committed to making their filings publicly available pursuant to OTC Markets Group Guidelines for designation as OTC Pink 'Current' Information. As of today, the Company has an OTC Pink 'Limited' Info listing.

Since Viper Networks has made it a top priority to meet the higher Alternative Reporting Standard, the Company seeks to submit their 2-year audited financials for the 2010 and 2011 fiscal years, and unaudited financial information through the first quarter of 2012 (ended March 31st) as soon as possible, which may be as soon as 30 days.

Viper Networks is focused on gaining greater transparency and full disclosure to the OTC Market, and once again, to become a fully-reporting company that is current in their reporting obligations with the S.E.C. As the Company works toward meeting the highest eligibility requirements, this may include an eventual listing on one or both of the top OTC Market Tiers consisting of OTCQB and/or OTCQX, the premier tier of the U.S. over-the-counter market.

Finally, as the Company continues to embark on any number of merger and/or acquisition possibilities in the future, management believes it only prudent to maintain audited yearly financials and up-to-date quarterly reports going forward.

In other ongoing developments, the Company expects to release more updates shortly as management is actively engaged in corporate talks, new sector expansions, joint ventures and product growth initiatives as previously announced.