Viper Networks Inc (VPER)

[DewmBoom]

Some Good News for Viper Went Unnoticed

"In February you may remember that Viper Networks Received an LOI and Term Sheet from Export-Import Bank of the United States for $17.7 Million to Fund LED Lighting Project in Lebanon. However, before this financing help for Lebanon can be realized, the team from Apollo International is working to conclude LED lighting product certification for the country first. Lebanon is rebuilding their infrastructure, which is projected to include approximately $1 billion for lighting vast amounts of the country's streets and highways."

http://globenewswire.com/news-release/2015/07/07/750218/10140777/en/Viper-Networks-Letter-to-the-Shareholders.html

Well the Export-Import Bank lending authority expired on June 30, 2015.

http://www.bloombergview.com/quicktake/u-s-export-import-bank

The good news is that congress and the president reinstated the Export-Import Bank authority to lend on December 4, 2015, as a part of a highway bill that was signed on December 4, 2015 by the president.

http://thehill.com/policy/finance/262171-obama-signs-305b-highway-bill

Now the $17.7 million to fund LED light in Lebanon through the Import-Export Bank may become a reality again.