April 2, 2012 – BUSINESS WIRE — A light-emitting diode (LED) manufacturing joint venture is the “final due diligence” Viper Networks Inc. (Pink Sheets:VPER) will execute with its targeted acquisition: a profitable LED manufacturing company in the US.
The joint venture LED manufacturing project will commence within days.
This project also expands Viper Networks’ potential from their multiple agreements and major alliance with LEDs America, Inc., which includes broad manufacturing rights among other key agreements, including sales and marketing, global exporting, and multiple foreign country territorial exclusivity rights.
Viper Networks has been proactively pursuing well positioned, profitable LED industry acquisition candidates and engaged in merger talks with two US-based firms since early 2012. Sincce VPER is also involved in other due diligence matters with multiple acquisition candidates, it may release any expected closing date on another company prior to releasing news on this company.
For additional information, please visit www.vipernetworks.com.