Viper Networks To Conclude Due Diligence On Attractive LED Acquisition Candidate By Month End
March 12 2012 - 9:08AM
Business Wire
Viper Networks, Inc. (Pink Sheets: VPER), announces that the
Company expects to conclude their preliminary due diligence on a
U.S.-based, profitable LED company that they have been in
acquisition talks with (as announced 1/30/12) by March 31st.
As previously announced, the Company has been proactive in their
pursuit of well positioned, profitable LED industry acquisition
candidates and has earnestly continued merger talks with two
U.S.-based firms since early 2012; one of which specifically
provides compelling synergy to Viper Networks’ emerging business
within the LED lighting sector.
Shortly after the conclusion of the Company’s due diligence,
Viper Networks will release a closing date projection (expected in
mid-April) that they expect final negotiation terms and conditions
to be consummated by.
Interested parties should note that these are amicable
discussions propelled by strong mutual benefits and final
acquisition terms are expected to include a combination of cash and
stock.
In reviewing Company news during 2012, shareholders and
investors will quickly see Viper has been busy establishing solid
alliances within the LED industry along with key agreements
designed to generate industry-leading margins and facilitate large
scale growth initiatives in new global markets.
This major alliance with LEDs America has led to key agreements
for Viper Networks in a North American sales and marketing
agreement, global exporting arraignments, supplier status and
manufacturing rights, and multiple foreign country territorial
exclusivity agreements.
Another emerging alliance is Envirolite Corporation and their
PowerDisc™ product that can extend the life of incandescent and
halogen bulbs by up to 10 years. The Company’s reseller agreement
has already led to Viper Networks initial success (i.e.TBA) with
targeting one mass merchant in North America for nationwide
sales.
More details about the other potential acquisition, which is in
the energy distribution sector, are expected shortly. For
additional information, please 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.
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