Viper Networks I Stock Price, News & Analysis

Viper Networks, Inc. (OTC Pink: VPER) has engaged Blu Edge Marketing Agency to enhance its branding and marketing efforts. The partnership aims to commercialize a diverse portfolio of smart-city products and Unified Communications solutions, targeting both B2C and B2B markets. Blu Edge brings a wealth of experience with a multicultural approach, having worked with over 85 clients globally. The new strategy focuses on immediate value creation through targeted marketing campaigns, especially for small to medium businesses.

Viper Networks, Inc. (OTC Pink: VPER) addresses rumors of a reverse-stock split, affirming no current plans for such an action. The board had previously approved the potential for a reverse split on September 13, 2021, as part of a strategy to enhance shareholder value and reach OTC QB status. This approval is now officially revoked. The company highlights a solid product portfolio, reduced debt by $38.5 million, and significant officer investments exceeding $566,337, reaffirming commitment to shareholder value.

Viper Networks, Inc. (OTC Pink: VPER) announced a significant debt reduction of $12,716,841, bringing total debt down to approximately $500,000, a 96% decrease from previous levels. This follows a prior reduction of $38,567,237 earlier in the year. The company's stock has experienced remarkable growth of over 1800%. Viper Networks is also engaged in strategic alliances and smart city projects, signaling positive future business prospects. The company is set to file a Disclosure Statement with unaudited financials by mid-November 2021.

Viper Networks (OTC Pink: VPER) has finalized a 20-year agreement with a consortium of 21 cities in suburban Chicago to develop smart city projects. This initiative capitalizes on the recent $1.2 trillion Infrastructure Bill, aiming to enhance street lighting, traffic management, and security while minimizing environmental impact. The project will start in Palos Hills and Justice, targeting 2,000 smart poles by mid-2022, potentially generating $10 million in annual revenue. Viper’s innovative revenue-sharing model removes financial barriers for cities, allowing for swift infrastructure deployment and shared revenue opportunities.

Viper Networks (OTC Pink: VPER) has announced a Strategic U.S. Manufacturing and Partnership Agreement with Toledo Solar, Inc., consolidating its manufacturing operations in Ohio. This move aims to meet current and future product demands, enhancing efficiency. Both companies are located near each other, facilitating collaboration. The partnership will promote each other's technologies in Smart City markets, targeting sectors like education and government. CEO Farid Shouekani emphasized the significance of this collaboration amid the ongoing development of the U.S. Infrastructure Bill focused on Smart Cities.

Viper Networks, Inc. (Pink Sheets: VPER) has appointed Dr. Boris Davidoff as Executive VP and Head of International Business Development. Dr. Davidoff, who brings extensive experience in AI and financial engineering, previously led Prospective Technology Solutions, Inc. His expertise in product development and commercialization is expected to enhance Viper's growth. Viper Networks specializes in LED lighting solutions, including its Apollo Smart Lights, aimed at transforming urban infrastructure.

Viper Networks (OTC Pink: VPER) has announced a partnership with local providers to launch a $100 million USD Phase 1 Smart City Project in Sri Lanka. The project will be interconnected with Airtel, Hutch, and Sri Lanka Telecom (SLT) through three separate contracts. This initiative marks the beginning of a larger plan that aims to expand into subsequent phases, potentially reaching a total investment of $500 million USD over the next 4 to 5 years, enhancing the company's position in integrated systems for Smart City solutions.

Viper Networks (OTC Pink: VPER) has announced a partnership to initiate a 100 million Smart City project in Sri Lanka, which is expected to expand to a total of 500 million over the next 4 to 5 years. The project will first install Smart City LED Light Poles at educational institutions in Colombo, with plans to cover the entire country later. The Apollo Smart Pole technology will provide advanced security and communication features. Additionally, VPER is preparing to launch the CyberGrab app, which will offer various local services.

Viper Networks (VPER) has released a Disclosure Statement, revealing a net income of $37.6 million for the first quarter of 2021. This was largely due to debt forgiveness of $38.5 million. The company has reduced its total debt from $51.3 million to $12.7 million and reached an agreement to cut interest rates on officer salaries from 33.16% to 10%. Viper Networks also decreased outstanding shares by 7.8%, aiming for a further reduction. The company anticipates leveraging federal and state operating losses of approximately $70 million to offset future profits.