LAS VEGAS, Oct. 13, 2009 (GLOBE NEWSWIRE) -- Roughly a year from an enormous decline in the stock market there has been substantial recovery, albeit among the tombstones of companies who could not weather the storm. Not only did consumers go away in droves as they clutched their dollars ever more tightly, but vital funding was a rare commodity and good and bad equities perished on the same unwatered vine. A year later, funding for those outside the TARP tarp is still difficult to come by.
But today's announcement that Viper Networks, Inc. (Pink Sheets:VPER) has secured an institutional funding commitment with a private equity firm based in Riyadh, Saudi Arabia for $10,000,000 (U.S. dollars) with an option for an additional $5,000,000 clearly sends a signal to the market that the state-of-the-art international telecom company has something that broke the conservatism at venture capital firms. Ten million dollars is always an ample sum, but in the year that has been 2009, it certainly can be argued that its worth much more.
Assuredly, Viper's successes of late greased the proverbial tracks, instilling faith in the company's future. These can be viewed under the VPER.pk stock symbol.
Viper Networks, Inc. provides VoIP products and services through distributors and resellers around the world. Its network of VoIP gateways serves more than 350 countries and regions, and it is unique in offering both network services and equipment to its customers. The company is a provider of high quality and cost effective VoIP solutions for domestic and international long distance consumers in both the consumer and business markets. Secure, reliable communications is growing in demand in the global economy where distance is not an obstacle but communications costs are.
A report focusing on Viper Networks, Inc. (Pink Sheets:VPER) and of interest to investors of leading telecom companies AT&T (NYSE:T), Syniverse Holdings (NYSE:SVR), Ciena Corp. (Nasdaq:CIEN), Verizon Communications (NYSE:VZ) has been published at:
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