Cogent Capital to Begin $5 Million Dollar Private Placement for Viper Networks.SAN DIEGO -- Viper Networks, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :VPER VPER Vice President for External Relations ) announced today that Cogent Capital will begin a $5 million dollar private placement of restricted common stock as the first in a series of steps to assist the Company in obtaining a listing on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (www.amex.com). Viper Networks Vice President of Finance, Jason Sunstein, commented, "We hope to quickly complete the private placement with Cogent Capital as it will assist the Company in meeting the Shareholder Equity requirements for a listing on the AMEX, the first in a series of steps in the listing process." As announced earlier this week, Viper Networks has retained Cogent Capital (www.cogent-capital.com) to facilitate meeting all the necessary listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. in order for the Company's common stock to begin trading on the American Stock Exchange. Cogent Capital will facilitate Viper's preparation for listing including meeting shareholder's equity requirement as well as assist with completing all the necessary applications. About Viper Networks, Inc. Viper Networks, Inc. has built "Your Internet Phone Company" by refining technology and expanding its state-of-the-art global VoIP (Voice over Internet Protocol) network that allows calls to be placed to any phone in the world at substantial savings using your existing Dial-up or Broadband Internet connection, and receive calls through a unique IP- PSTN (Public Switched Telephone Network) The worldwide voice telephone network. Once only an analog system, the heart of most telephone networks today is all digital. In the U.S. switching network. Viper Networks is a publicly traded Utah corporation with headquarters in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. . For more information about Viper Networks, Inc., 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 to the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially are the following: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; availability of third-party material products at reasonable prices; the financial condition of the customer; risks of obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. due to shifts in market demand; and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. involving product liabilities and consumer issues. Viper Networks, Inc. cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Viper Networks, Inc. expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based. |
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