Viper Networks Inc (VPER)

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Viper Networks Ramps Up to Expand in Middle East

Saturday , February 18, 2006 00:12 ET

PASADENA, Calif., Feb 17, 2006 (ASCRIBE NEWS via COMTEX) -- Viper Networks, a provider of voice-over-Internet protocol (VoIP) products and services, announced that it has entered into negotiations with Saudi Al-Terais of Riyadh, Saudi Arabia, to work through the details of expansion into the Middle East market with a high-profile and well known business in Riyadh.

Viper Networks CEO Farid Shouekani said, "We have entered into negotiations with Saudi Al-Terais Co. Ltd in Riyadh to potentially accelerate Viper Networks' expansion in the Middle East. The negotiations are focused on each element of sales, marketing, technical, plus a dedicated presence in the market."

Shouekani continued, "Our objective is to finalize a Letter of Intent as soon as possible and then move into the final agreement phase. The Saudi market is one of the world's largest and fastest growing, and a dedicated presence in the market is our objective for the benefit of our shareholders and investors around the world. We look forward to announcing an executed Letter of Intent, as well as the financial impact to the company shortly."