Viper Networks Inc (VPER)

[longvper]

(I have not called or spoken with vper nor Farid. As to the other questions:)

(50% down question: answer)

The main reason for delays between successful pilot program conclusion and new order deliveries going forward has been two fold. One, we were expected to cover all manufacturing costs upfront and two, Apollo Metro created a better mouse trap, or rather a new second generation of LED lights that once the word was out, all parties abroad and in the U.S. requested new testing for since they wanted their existing orders to be replaced with the new generation of LED lights.

As announced May 9th, the New Generation of LED Lights was shipped to both pilot project parties overseas and in the U.S. The highly successful results has lead to new manufacturing terms for at least one major domestic client that will pay 50% upfront to cover manufacturing costs and 50% at delivery.

In equal partnership with Apollo Metro Solutions, we are now in production of the 2nd generation LED lights and expect to release details of this first full fledged order shortly. Investors and shareholders should know that the quality of the remarkable breakthrough LED lighting products (and now the new 2nd generation) are proving itself heads and shoulders above the competition. Additionally, city and government department agencies and commercial markets we are testing in or in discussion with worldwide represent potential large scale business of the highest order.

(my mistake, the 50% is for the domestic client, in any case, it shows enthusiasm for the product. As for the delay, that is explained and shows we are near completion.)

link to letter http://www.vipernetworks.com/news/company-news/

(It also states:)

However, let me address the recently imposed ‘chill’ on our stock by DTC. On May 24, 2013 we submitted all information requested by the DTC to our SEC lawyer to support the proper issuance of stock during the past 3 years, which should lift the 30 day trade clearance chill effect imposed by DTC. All completed documents were submitted with our attorney’s Legal Opinion, and we anticipate a positive response at any time.

Also, though we are busy with new wireless communications projects in the U.S. right now, we are working to gain higher trading level status with a partial reporting ‘Yield’ status with Limited Information this summer and then Current Information status on OTC Pink by making filings publicly available through the OTC Disclosure & News Service.


(2012 & 2011 financials showing accrued salaries. They don't work for nothing expecting failure. They are getting their finances up to speed to get a better listing and be current.)

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=98405

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=79369