Viper Networks Inc (VPER)

[chainma1l]

Company sucks. Doesn't mean you can't make money on the stock, but the company has gone nowhere and is going nowhere. As far as I can tell there isn't actually much of a company here. CEO may be "general manager" or CEO. Same person works for the majority of their partner companies. Partner companies seem to be the only ones doing anything and how those partners affect VPER shareholders is completely unknown. They MIGHT own part of Apollo Metro Solutions (not Apollo Smart Lights. That is a different partner), but there is no evidence in their financials that I can find. They committed to buy GSI for 500 million shares plus $10 million over three years. That was a year ago. The 500 million shares were issued, but they haven't paid any cash. Their revenue was actually negative the last quarter according to their financials. GSI was a 100% acquisition with $100 million in "projects" annually. You would think some of that money would be showing up in VPER financials. They still do carry $500,000 in telecom equipment that apparently hasn't been used in years and somehow never depreciates.
They tried to get in on the marijuana craze a few years ago. They were actually too early on that. Nothing happened. They tried to get in on crypto/blockchain last year. They were WAY too late on that and it has gone nowhere.
I just noticed that their "headquarters" moved. It is now in a "virtual" office space. What an amazing company!
Again, there is the potential to make money on almost any stock, including VPER, but as a company, I don't see anything happening.
Goo VPER

TROY, Mich., March 20, 2018 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (OTC Pink:VPER), (Company), an international leader in the LED lighting products & integrated systems markets (Smart Cities), is pleased to announce that the Company has concluded negotiations to acquire 100% of Global Services International, Inc. (GSI).

Terms and conditions include an initial stock payment of 500 million restricted Viper Networks common shares and $10 million U.S. Dollars to be paid over the period of the current multiple GSI projects, which is estimated to be within 3 years.

Headquartered in Chicago, Global Services International (www.GSI-Networks.com) is currently working on several public/private partnership LED Lighting Systems and Control Sensors projects throughout the State of Illinois. The Company’s estimated value of the collective projects total approximately $100 million annually.

Mr. Farid Shouekani, the CEO of Viper Networks, commented: "This acquisition immediately impacts our working coverage for the Smart City market in the heart of the Midwest and should further serve to springboard our major market initiatives throughout the U.S. Regarding acquisition terms, VPER shareholders should welcome our newest major shareholder since they are clearly motivated to maximize our stock valuation.”

The Company will continue to update shareholders as milestones occur in its Smart City LED sector, as well as its new block chain division.

About Global Services International, Inc.
Global Services International (GSI) is a recently established Energy Efficiency Solution Company utilizing state-of-the-art Solid-State LED Lighting Systems and Control Sensors, along with Machine to Machine infrastructure that promotes energy conservation while reducing energy consumption costs.

GSI's overall strategy, to be at the forefront of this fast-emerging dynamic global market, begins with assembling a diverse team of proven professionals and committed partners with expertise in each aspect of a vertically integrated Value Supply Chain (VSC). The VSC can be defined as the process of designing, engineering, manufacturing, and implementing LED illumination systems and control sensors to individually address each customers' energy-efficient infrastructure needs.

For more information go to www.ViperNetworks.com.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this release which are not historical are forward-looking and include any statements regarding beliefs, expectations or intentions regarding the future.

Investor Relations: Heritage First Capital // Scott Gibson, 407.444.5959

Source:Viper Networks, Inc.