posted
I think this is the dip here. Lots of potential here.
Viper Networks Retires $612,000 in Term Debt Mar 1, 2006 10:30:00 AM Copyright Business Wire 2006 SAN DIEGO--(BUSINESS WIRE)--March 1, 2006--
Viper Networks, Inc. (OTC:VPER), a leading innovator in voice-over-Internet protocol (VoIP) products and services, today announced that it has retired $612,000 in term debt.
Viper Networks CEO Farid Shouekani commented, "Term debt elimination is part of my plan to lower costs, along with expansion of our network to drive Viper Networks toward profitability. I am pleased to report that we have retired $612,000 of term debt this week and expect to announce last and final term debt retirement in the very near future."
Mr. Shouekani closed by saying, "Retiring the term debt of Viper Networks was a requirement for our expansion and insures our future as we pursue new developments around the world for the benefit of our Shareholders and Investors."
About Viper Networks, Inc.
Viper Networks, Inc. provides VoIP products and services through distributors and resellers around the world. Its network of VoIP gateways serves more than 350 countries and regions, and it is unique in offering both network services and equipment to its customers. Unlike most competing VoIP providers, Viper Networks offers its service on a pre-pay basis. It charges only for minutes used and does not require any monthly fees. Its Internet-based users can get dial-up or broadband service with equal quality. Viper has been pioneering VoIP service and technology for more than five years. For more information, please visit www.vipernetworks.com.
Safe Harbor Statement: 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.
Source: Viper Networks, Inc.
---------------------------------------------- Viper Networks Inc. Ron Weaver 858-452-8737 ir*vipernetworks.com
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