VPER still climbing on Huge News!
Viper Networks Signs 3-Year Agreement with MasTec to Upgrade Mobile Networks Infrastructure in U.S.
TROY, Mich., Jun 24, 2013 (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.
