Viper Networks Inc (VPER)

[longvper]

Per the news release, vper has signed a "term sheet" until the final contract is signed, Farid is under a confidentiality agreement This is perfectly normal. The term sheet basically writes down the agreement in a form that binds them to those terms while the full contracts are written. Nothing to worry about. Be patient. Lawyers like to bill a few extra hours.

Viper Networks, Inc. (Pink Sheets: VPER), is pleased to announce that the Company has signed a term sheet with three other joint venture partners, to create the first U.S.-based LED manufacturing and assembly facility, which will be located in Washington D.C.