TROY, Mich., July 28, 2010 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets:VPER), an emerging global telecommunication network operations and technical management company, announced today that it has signed an agreement with Get World Wide Trading Company (GCCET) to deploy a world network operation by handling all network operations and reseller network programs for global trading between customers and vendors. As part of this contract, the Company is to receive a network management fee, as well as profit participation.
GCCET (www.GCCET.com), with headquarters in China and operations in Hong Kong and the Kingdom of Saudi Arabia, was established in 2006 by Mr. Ahmed Salem Majhood, President and CEO, and has grown to become a broad-based, professional B2B firm that links the buying and selling needs of thousands of businesses in more than 200 countries worldwide. Enabling industrial competitiveness by providing compatible online solutions, the company focuses on small-and-medium-sized enterprises to compete in international trade while advancing into new markets. GCCET has recently launched their expanded B2B Web portal, which allows users to post and browse company information and trade related information in 27 different industry categories with over 1200 sub-categories.
Farid Shouekani, President of Viper Networks, Inc., stated: "We are excited to be working directly with GCCET and their sizable trading operations. They offer comprehensive business solutions to the global community and provide an ideal platform for buyers and sellers to interact and conduct business directly and seamlessly."
Mr. Shouekani continued: "We expect revenues from this contract to commence during the three months ended September 30, 2010. This quarterly report for the period ending September 30, 2010, will also be the first quarter that revenues generated directly from the Company's exclusive agreement with BSNL. We are elated to finally have begun online and international calling card retail sales in Singapore, now that Viper Networks has completed all equipment, validation and testing protocols with BSNL. We expect all future country deployment launches with them to be streamlined for operational approval. As such, the Company should announce the official launch in numerous additional countries on several continents throughout the remainder of 2010, starting with Indonesia, Malaysia and Bahrain in short order. We have every reason to expect significant monthly revenue growth and know our estimated gross profit margins promise extraordinary earnings potential."
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. In addition,the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially.