DETROIT, May 1, 2012 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets:VPER), is pleased to announce the appointment of Mr. David Alpert of Prestige Business Management, Inc. of Nevada, to supervise and complete the last two fiscal years of the Company's financials ended December 31, 2011.
Upon completion, Mr. Alpert and Viper Networks' attorney W. Scott Lawler of Arizona, will submit the financials, notes and S.1 and all other relevant documents to an independent auditor certified by the S.E.C., which will be the independent accounting firm (in Southern California) of Chang G. Park, CPA, Ph.D, PCAOB Auditors.
The Company is committed to making their filings publicly available pursuant to OTC Markets Group Guidelines for designation as OTC Pink 'Current' Information. As of today, the Company has an OTC Pink 'Limited' Info listing.
Since Viper Networks has made it a top priority to meet the higher Alternative Reporting Standard, the Company seeks to submit their 2-year audited financials for the 2010 and 2011 fiscal years, and unaudited financial information through the first quarter of 2012 (ended March 31st) as soon as possible, which may be as soon as 30 days.
Viper Networks is focused on gaining greater transparency and full disclosure to the OTC Market, and once again, to become a fully-reporting company that is current in their reporting obligations with the S.E.C. As the Company works toward meeting the highest eligibility requirements, this may include an eventual listing on one or both of the top OTC Market Tiers consisting of OTCQB and/or OTCQX, the premier tier of the U.S. over-the-counter market.
Finally, as the Company continues to embark on any number of merger and/or acquisition possibilities in the future, management believes it only prudent to maintain audited yearly financials and up-to-date quarterly reports going forward.
In other ongoing developments, the Company expects to release more updates shortly as management is actively engaged in corporate talks, new sector expansions, joint ventures and product growth initiatives as previously announced.
Please note the Company's new logo at the top of their 'temporary' corporate site at www.vipernetworks.com.
The Viper Networks, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12434
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. Such forward-looking statements include, among other things, the development of new business opportunities, zero operational impact and projected costs, future operations, revenue, profits, gross margins and results of operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.