Viper Expects $3.4M for 2004

Viper Networks reports $1.3 million increase in annualized revenue for Adoria Communications division

August 4, 2004

1 Min Read

SAN DIEGO -- Viper Networks, Inc. (OTC:VPER) wholesale traffic division, Adoria Communications, LLC, based in Boston, Massachusetts, announced today that it is on track to generate revenues in excess of $3.4 million for 2004, a $1.3 million increase or 62% over 2003 revenues of $2.1 million.

    Adoria Communications, LLC and Mid-Atlantic International, Inc. are both wholly-owned subsidiaries of Viper Networks, Inc. and comprise the wholesale VoIP traffic division. As previously announced, these two companies are scheduled to be combined to form the new "Viper Wholesale" division by the end of the year and will be led by Mr. James Balestraci. Viper Networks, Inc. expects that the combined synergies, international routes, and shared resources of consolidating the two companies will add to the overall increased growth and prosperity of the new Viper Wholesale international traffic division.

    Viper Networks Chief of International Wholesale Operations, James Balestraci commented, "This increase in revenue has two direct impacts on our business plan, first to provide Viper a wholesale profit by selling to other carriers, and second and probably more importantly, to increase the margin opportunity of our retail minutes. I am pleased with our results thus far as we continue to work towards our goals and intensify the efforts of our Wholesale operations."

Viper Networks Inc.

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