$VPER news @.0015 Viper Networks and Apollo Met
Post# of 29735
Viper Networks and Apollo Metro Commence Joint Venture Talks to Provide Market With LED Products in Qatar
TROY, Mich., April 22, 2014 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets:VPER), an intelligent LED lighting solutions provider, is pleased to announce that the Company and Apollo Metro Solutions, an official sponsor of the Arab Future Cities Summit recently held in Doha, Qatar; have entered into joint venture (JV) talks with a potential partner based in Doha to provide the market with LED products throughout Qatar.
Management at Viper Networks has previously established valuable relationships in Qatar. However, a preliminary LED pilot project conducted in the city of Doha during January and subsequent LED light design testing success coupled with management's sponsorship and attendance at the 3rd Annual Arab Future Cities Summit, have lead to further progress for the Company's LED lighting solutions.
Several new contacts stemming directly from the Summit have quickly evolved into pending LED light orders, in addition to the Company entering into formal joint venture talks with a local partner in Doha, Qatar; where the JV looks to provide the market with LED products for the commercial and government sectors, respectively.
Mr. Farid Shouekani, CEO of Viper Networks, Inc., stated: "Our expanding footprint for providing LED lighting solutions to government entities and private businesses in North America, Southeast Asia and the Middle East is beginning to emerge. We plan on doing significant business in the Middle East and the advantages for establishing a joint venture partnership in the region should greatly enhance our growth rate and bottom line profitability throughout the region over the next decade."
The chief executive officer for Viper Networks continued: "We are fully cognizant of the superior quality of our multi-functional LED lighting products. Thus our aim has always been high as we continue to target major customers and certainly governmental entities capable of committing to huge, on-going contracts for LED lights for years to come. This is but one reason why we continue to concentrate on securing other key joint ventures and partnerships similar to the one we have with Apollo Metro Solutions in Florida."
About Viper Networks
Viper Networks (in partnership with Apollo Metro) is a manufacturer and distributor of highly-efficient LED lighting to provide superior turnkey LED lighting solutions for metropolitan areas everywhere.
Viper Networks also provides telecom engineering services to telecommunication service providers in the U.S., Middle East and Northern Africa with top tier expertise in wireless communications.
For additional information, please visit us at www.ViperNetworks.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
CONTACT: Investor Relations: Heritage First Capital
Scott Gibson, 407.444.5959
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Source: GlobeNewswire (April 22, 2014 - 8:02 AM EDT)
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