Skip to main content

Viper Networks Clarifies Rumors of Reverse Split

Written by Customer Service on . Posted in Public Companies.

TROY, Mich., Oct. 21, 2021 (GLOBE NEWSWIRE) — Viper Networks, Inc. (OTC Pink: VPER), (Company), an emerging company in the LED lighting products and integrated systems markets, would like to address rumors of a possible reverse-stock split by stating that currently, there are no official plans or intent to perform such action. 

The Company’s board and leadership are always looking for ways to maximize shareholder value, and as such a strategy with multiple scenarios and backup plans was constructed to reach OTC QB; as part of such strategy and contingency plan, the board had approved on September 13, 2021 the possibility of a reverse-stock split. Such approval has originated rumors and confusion in the marketplace and therefore it is hereon officially revoked.

Viper is confident in its product and service portfolio, go-to-market strategy, and progress made to-date to drive stock performance and complete all requirements needed to reach the QB on the OTC Markets without, at this time, altering stock structure or effecting a reverse-stock split. 

Over the past few months, the Company has reduced $38.5 million in debt, our officers have invested over $566,337 in the company, and they are committed more than ever to bring value to the shareholders. “We are only starting, and I am committed to build this company on a solid ground. Viper will make all of us proud!”-Farid Shouekani CEO 

For more information see www.ViperNetworks.com or follow us on twitter @vipernetworks.com.  

Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements” as that term is defined in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this release which are not historical are forward-looking and include any statements regarding beliefs, expectations or intentions regarding the future. 

Investor/Media Contact: SAG Equity Group at 407.444.5959. 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.