Replies to post #2135 on Viper Networks Inc (VPER)

[vikco]

Revenue news, NICE

Viper Networks Generates $300,000 in Monthly Billings from Wireless Services Division in Saudi Arabia
Date : 11/15/2010 @ 9:00AM
Source : Business Wire
Stock : Viper Networks, Inc. (VPER)
Quote : 0.0035 0.0 (0.00%) @ 8:10AM

Viper Networks Generates $300,000 in Monthly Billings from Wireless Services Division in Saudi Arabia
VIPER NETWORKS INC (OTC) (USOTC:VPER)
Intraday Stock Chart
Today : Monday 15 November 2010
Viper Networks, Inc. (Pink Sheets: VPER), a telecommunication network operations and technical management company, is pleased to announce one month business results and the commencement of consistent revenue expectations from their established Wireless Services operations in Saudi Arabia.

For the month of October 2010, the Company’s Saudi Arabian operations generated approximately $300,000 (USD) in new business from their Communications and Wireless Services division based in Riyadh, Saudi Arabia.

Since the majority of Viper Networks’ revenue generation in Saudi Arabia last month came from the start of longer-term or annualized renewable agreements, the Company’s contractual continuance in November and December should produce 4th quarter billings of approximately $1 million for the 3-month period ending 12/31/10.

Further, Viper Networks is projecting 2011 revenues from their Communications and Wireless Services division in the Kingdom of Saudi Arabia of approximately $3 million.

These business billing and/or revenue numbers are mainly from Viper Networks’ wireless connectivity services in Saudi Arabia and only reflect results from this one country.

On an operational note, the Company’s primary wireless communications equipment is located in the two highest skyscrapers in Saudi Arabia, both of which are located in the capital city of Riyadh, including Kingdom Centre located in the business district of Olaya, the tallest tower in Saudi Arabia and winner of the 2002 Emporis Skyscraper Award and selected as the "Best Skyscraper in the World for Design."

Finally, many of the Company’s larger corporate clients are allowed a 90-day payment grace period for services rendered, so monthly or quarterly business results or production numbers may or may not be recorded as revenues for the defined period. After the 4th quarter ending 12/31/10, any quarterly or annual revenue projections going forward should approximate actual revenues recorded during said period for purposes of this press release and any projections herein.

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.