otc bb
Printer version

December 12, 2003 08:31

United Micro Group Purchases 1000 Viper Networks vPhones and Option for 11,000 Additional for International Distribution
Jump to first matched term

SAN DIEGO, Dec 12, 2003 (BUSINESS WIRE) -- Viper Networks Inc. (OTC:VPER) announced today that United Micro Group, Inc. has purchased 1000 Viper Networks vPhones for immediate deployment and an option to purchase an additional 11,000 vPhones within 180 days, to attain exclusivity for certain countries throughout the Middle East.

United Micro Group, Inc., a seven-year-old systems integration company based in Tustin, California, implements new technology in growing market segments and has key contacts throughout the Middle East.

This agreement sets the stage for Viper Networks to establish a larger international customer base and increase revenues through the ongoing repurchase of calling minutes. The Company believes this will create another predictable revenue stream in a rapidly expanding market segment where cost effective calling options are in high demand.

About Viper Networks Inc.

Viper Networks Inc. is a diversified technology development company who 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 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.