Viper Not Sure Why Stock Tanked

Viper Networks says its 'unaware' what has caused the recent decline in its share price

July 29, 2005

1 Min Read

SAN DIEGO -- Viper Networks, Inc., (OTC:VPER), a leading innovator in Voice over Internet Protocol (VoIP) products and services, today announced that it is aware of no event that has caused the recent decline in the per share price of its common stock.

Viper Networks Chief Executive Officer Ron Weaver commented, "The decline in our per share price that we have experienced in the last few days is not the result of sales of stock by the Company, nor is it reflective of any negative past or present event, in my opinion. We will continue to spend our time building and growing the business rather than speculate on the current situation unless something irregular is brought to our attention."

Weaver concluded, "We now have more customers, international distribution partners and a larger VoIP network, while we continue to grow each month. We are currently driving towards the goal of increased revenues, reduce monthly expenses and are working with certain shareholders to reduce the number of common shares outstanding, the results of which are expected to be announced shortly."

The Company has recently completed four years of Annual Reports, which it has publicly filed with the S.E.C. on Form 10-KSB, and has also completed and filed its Form 10-QSB for the first three months ended March 31, 2005.

In the past few months, Viper Networks has experienced what it feels are several positive events, including expanding its business and channels of distribution with the signing of several new international distributors, releasing its new and innovative "Viper Connect" product, and the opening of its first retail partner store in Michigan.

Viper Networks Inc.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like