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SAN DIEGO--(BUSINESS WIRE)--VPER-- Viper Networks Inc. (OTC:VPER) announced today that it has completed the acquisition of Adoria Communications LLC through a combination of cash and restricted stock. Adoria Communications is a debt-free, profitable, multi-million dollar global carrier of VoIP (Voice over Internet Protocol) traffic based in Boston that terminates calls in 16 major foreign countries throughout the world with over 100 international partners. Ron Weaver, Viper Networks chief executive officer, commented, "The acquisition of Adoria Communications brings immediate and significant network traffic and revenue to Viper, and when fully-integrated with our Mid Atlantic International division, Viper will have a formidable footprint with dedicated routes to some the world's highest population centers for VoIP traffic termination. As Viper Networks continues its rapid growth, we will examine similar opportunities as they become available especially when they can make an immediate contribution to our bottom line and the services we offer". Weaver concluded, "My expectation is that Viper will soon be two full quarters ahead of its business plan in terms of revenue, profit, and expansion. With Adoria and Mid-Atlantic as part of the team, Viper Networks is now in a position to accelerate and penetration into key strategic markets worldwide."
About Viper Networks
Viper Networks is a diversified technology development company that markets innovative products and services including its "vPhone," a USB telephone device for Voice over the Internet calling, and other related products that run over its global IP network. Viper Networks also maintains investments in related technology companies in the wireless, IP-based services and other unique emerging technologies. Viper Networks is a publicly traded Utah corporation with headquarters in San Diego. For more information about Viper Networks Inc. and a full description of our network of companies, visit www.vipernetworks.com. Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. In addition to the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially are the following: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; availability of third-party material products at reasonable prices; the financial condition of the customer; risks of obsolescence due to shifts in market demand; and litigation involving product liabilities and consumer issues. Viper Networks Inc. cautions readers not to place undue reliance upon any such forward looking statements, which speak only as of the date made. Viper Networks Inc. expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based.
KEYWORD: CALIFORNIA INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING MERGERS/ACQ SOURCE: Viper Networks
CONTACT INFORMATION: Viper Networks, San Diego Jason Sunstein, 888-375-7270 Jason@vipernetworks.com
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I just put in an order for 1.13 (noticed it was at that price right now) hope it goes thru! looks like a good deal to me! PS: " markets innovative products and services including its "vPhone," a USB telephone device for Voice over the Internet calling" sounds like a cool invention, tho if people are smart enough to know how to do a voice connection on MSN, it is obsolete. All u need is MSN to ring continuosly when somebody wants to do a voice link...
[This message has been edited by Spork (edited February 02, 2004).]
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