VPER News Viper Networks Signs LOI With Profitable Energy Reseller for Major Power Company in Northeast

2012-05-08 08:00 ET - News Release

DETROIT, May 8, 2012 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets:VPER), is pleased to announce that the Company has taken a significant step to enter the U.S. energy sector by signing a Letter of Intent (LOI) with Aequitas Energy, Inc., a profitable energy reseller based in Connecticut that will soon be operating in multiple deregulated northeastern states.

Viper Networks' Chief Executive Officer met with Aequitas Energy's top executives at their New Haven, Connecticut headquarters last week and finalized terms yesterday (5/7/12) by signing an LOI agreement to invest $1,000,000.00 during 2012 to acquire 30% of the profitable energy company.

The vast majority of the Connecticut-based reseller's current broker energy source business is with one of the largest electric power generation companies nationwide. Additionally, Aequitas Energy is expected to begin operations as a reseller of natural gas in the near future.

The synergies, assets and key relationships that each company can offer; promises to create a rapidly expanding energy company that delivers energy power reliability, price stability and customer service excellence; along with the finest electric power efficiency standards nationally, new clean natural gas offerings and future renewable power choices, to include solar and/or wind power.