TROY, Mich., July 7, 2015 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets:VPER), issues a letter to the shareholders.
Dear Shareholders of Viper Networks:
On behalf of Viper Networks' management team, the Board of Directors, employees and all members of the new Apollo International team; I am happy to provide the following updates and a progress report on the Company's global efforts to establish our Intelligent LED Lighting products and technology in partnership with Apollo Metro Solutions, Inc.
In recently announced news, we are very pleased to reiterate that the Company has received LED product certification and approval for the Eastern Province municipalities in the Kingdom of Saudi Arabia. This is a big deal since Saudi Arabia has the largest market in the Middle East for LED street light installation needs and projected growth, which is estimated to reach $25 Billion U.S. Dollars in the decade ahead.
As we begin the second half of 2015, most of the major developments awaiting the Company's revenue rich future can be highlighted by noting one key aspect... certification!
This is the area where many of our resources are being mobilized and represent our latest corporate expansion. I am delighted to announce the creation of 'Apollo International' with several executive management individuals from both Viper Networks and Apollo Metro Solutions in charge of a 25 member team operating out of offices in Lebanon, UAE (United Arab Emirates) and South Africa.
In February you may remember that Viper Networks Received an LOI and Term Sheet from Export-Import Bank of the United States for $17.7 Million to Fund LED Lighting Project in Lebanon. However, before this financing help for Lebanon can be realized, the team from Apollo International is working to conclude LED lighting product certification for the country first. Lebanon is rebuilding their infrastructure, which is projected to include approximately $1 billion for lighting vast amounts of the country's streets and highways.
Although the team at Apollo International is working on LED certification in multiple countries throughout Africa, LED light product certification priority efforts are in full swing for the oil-rich countries of Bahrain, Kuwait, Iraq, Qatar and UAE.
Part of the certification process is for the Intelligent LED Lighting technology and Wireless Street Light Control for LED Street Lights and other Smart Streetlights technology.
Thank you and best regards to all VPER shareholders, who should anticipate further PR updates shortly.
Sincerely,
Viper Networks, Inc.
Farid Shouekani, President/CEO
For additional information, visit www.ViperNetworks.com or www.ApolloMetro.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.