Apollo Metro and Viper Networks Receive Product Approval and Forward Term Sheet to Fund LED Lighting Solutions for Sri Lankan...
05 Marzo 2014 - 1:57PM
Viper Networks, Inc. (Pink Sheets:VPER), an intelligent LED
lighting solutions provider, is pleased to announce that in
partnership with Apollo Metro Solutions, Inc., the Company has
received LED Luminaries product approval from the Sri Lankan
Ministry of Highways. Furthermore, the Company has forwarded a term
sheet from a major U.S. bank to fund a $20 million transaction to
finance manufacturing and delivery of Apollo's LED street lights
for the initial order from the Sri Lankan Ministry of Highways,
Ports and Shipping.
Pending approval, the general terms call for an initial payment
of 15% ($3,000,000 US) to Apollo Metro (in partnership with Viper
Networks) for the U.S-based manufacturing and delivery of two
thousand (2,000) LED street lights within the first 90 days.
Thereafter, Apollo Metro in partnership with Viper Networks, is
expected to receive $1,000,000 monthly for the manufacturing and
delivery of 2,000 LED street lights every 30 days for approximately
seventeen (17) months.
This is the first of what is expected to become a continuing
agreement to provide superior LED lamps to serve the broader
national highway system across the country of Sri Lanka.
Additionally, the forthcoming order agreement to consistently
deliver LED street lights in bulk increments of 2000 units will
serve to highlight Apollo Metro's new, larger manufacturing
facility and capabilities; which is expected to directly facilitate
new orders from other governmental entities, including the Sri
Lanka Ministry of Fisheries (harbors) and major municipalities,
including the capital city of Colombo, Sri Lanka.
About Apollo Metro Solutions, Inc.
Apollo Metro is a U.S.-based manufacturer of highly advanced,
eco-friendly, and cost-saving light emitting diode (LED) lighting
systems. By combining a built-in Camera, LED Lighting, Wireless
MESH, Sensors, Infrared and Gigabit WiFi into a single design;
Apollo Metro Solutions' propriety line of wireless products can be
applied to existing infrastructure for a full selection of
intelligent LED lighting solutions worldwide.
ABOUT VIPER NETWORKS, INC.
Viper Networks is a manufacturer and distributor of
highly-efficient LED lighting to provide superior turnkey LED
lighting solutions for metropolitan areas, parking lots and
warehousing facilities everywhere. Viper Networks also provides
telecom engineering services for network expansion and managed
services to telecommunication service providers and networks in the
U.S., Middle East and Northern Africa with top tier expertise in
wireless communications.
For additional information, see www.ViperNetworks.com and
www.ApolloMetro.com.
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
historical are forward-looking statements and include statements
regarding beliefs, plans, expectations or intentions regarding the
future.
CONTACT: Investor Relations: Heritage First Capital
Scott A-B Gibson, 407.444.5959
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