Viper Networks Signs 3-Year Agreement with MasTec to Upgrade Mobile Networks Infrastructure in U.S.
June 24 2013 - 9:50AM
Business Wire
Viper Networks, Inc. (Pink Sheets: VPER), is pleased to announce
that the Company has signed a long-term contract with MasTec, Inc.
(NYSE: MTZ), to upgrade several major carrier’s wireless network
infrastructure projects throughout the United States.
With offices in nearly every state, MasTec (www.mastec.com)
provides cell tower Acquisition, Construction and Installation,
Design and Engineering, and Ongoing Maintenance services for some
of the nation’s largest wireless service providers.
Viper Networks started their first wireless project for MasTec
in early May in Minnesota, and will continue to provide extensive
installation, engineering and upgrade maintenance services in
multiple locations throughout the state. With twenty (20) wireless
tower project professionals employed by Viper Networks to date, the
Company expects to employ an additional ten to twenty individuals
shortly as they move into similar projects in several more
Midwestern states in the near-term, including Michigan, Illinois
and Ohio.
As it relates to the Company’s anticipated contractual
obligations for multiple projects within the Wireless
Communications division of MasTec, Viper Networks estimates minimum
first year revenues of $2 million to $4 million U.S. dollars, which
could grow substantially higher during years two and three.
Viper Networks stock holders and other interested parties should
note that Company CEO Farid Shouekani is utilizing the Company’s
website to post a ‘Shareholders Letter’ to provide a more
comprehensive accounting of previous joint ventures, partnerships
and projects announced over the last several years. To view the
Shareholders Letter, click on the ‘News’ tab featured top right at
www.vipernetworks.com.
About MasTec, Inc. (NYSE: MTZ)
MasTec, Inc., headquartered in Coral Gables, Florida, is a
leading infrastructure construction company operating throughout
North America across a range of industries. The Company's
activities include the engineering, building, installation,
maintenance and upgrade of energy, communication and utility
infrastructure, such as: electrical utility transmission and
distribution, natural gas and petroleum pipeline infrastructure,
wireless, wireline and satellite communications, wind farms, solar
farms, and other renewable energy, and industrial infrastructure.
Visit the Company's corporate website at www.mastec.com.
For additional information, go to www.ViperNetworks.com.
This release contains forward-looking statements that involve
risks and uncertainties. Actual results may differ materially from
results predicted and should not be considered an indication of
future performance.
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