NEWS AGAIN 11/17/2010
Bahrain’s Regulatory Authority Grants Viper Networks 3 New Telecom Licenses
Date : 11/17/2010 @ 7:17AM
Source : Business Wire
Bahrain’s Regulatory Authority Grants Viper Networks 3 New Telecom Licenses
VIPER NETWORKS INC (OTC) (USOTC:VPER)
Intraday Stock Chart
Today : Wednesday 17 November 2010
Viper Networks, Inc. (Pink Sheets: VPER), a global telecommunication network operations and technical management company, is pleased to announce that Bahrain’s Telecommunications Regulatory Authority (TRA) has granted three (3) unique telecommunications licenses to Viper Networks Company W.L.L., a wholly-owned subsidiary of Viper Networks, Inc.
The Bahrain T.R.A. has officially approved and granted an Individual International Telecommunications Services License, a Internet Services Provider Class License, and a Value Added Services Class License to Viper Networks Company, which was Documented and Issued on November 2, 2010 (Commercial Registration No. 56840).
After recently acquiring a telecom firm in Bahrain through Viper Networks Company W.L.L. (formerly Fastelco Services Company W.L.L.), along with the country’s Telecommunications Regulatory Authority issuing multiple license grants, the Company’s wholly-owned subsidiary has now become a fully licensed, operating telecommunications company in Bahrain.
As such, the Company and its subsidiary have effectively increased their operating margins for profitability within Bahrain and the utilization of this telecommunications route as it relates to various services offered by Viper Networks between Bahrain and India, specifically higher margins for Calling Card sales in country.
Additionally, the Company through its subsidiary Viper Networks Company, can work directly with any and all corporate accounts and individual customers, secure direct billing and payments and allow for the expansion of other telecommunications business opportunities beyond those currently established with India.
President of Viper Networks, Mr. Shouekani, comments: "Locking in higher margins for all calling card sales in Bahrain is certainly a huge positive from securing our own telecommunications licenses, but the greater story lies with Viper Networks’ expanding footprint for new telecom business far beyond our agreement with BSNL.”
Mr. Shouekani continued: “Just as we announced this past Monday, none (I repeat), none of the October Saudi Arabian results of $300,000 (USD) came from calling card sales in this country, but rather from our Wireless Services branch division in Saudi Arabia. Although the Company has announced launches in Singapore and Bahrain to date, with plans for numerous calling card launches in other countries worldwide in the near future (in conjunction with Cirilium India and BSNL), investors should know that separately, Viper Networks is building a significant presence for direct business, greater margins and growing revenues in an expanding number of countries entirely for the benefit of the Company and each and every shareholder.”
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, among the other factors that could cause actual results to differ materially.
