Viper Networks Announces Letter of Intent to Acquire Global Services International
February 28 2018 - 9:00AM
TROY, Mich., Feb. 28, 2018 (GLOBE NEWSWIRE) --
Viper Networks, Inc. (OTC Pink:VPER), (Company), an international
leader in the LED lighting products & integrated systems
markets (Smart Cities), announced today it has signed a Letter of
Intent (LOI) to acquire 100% of Global Services International,
Inc.
Global Services International (GSI) is a recently established
Energy Efficiency Solution Company utilizing state-of-the-art Solid
State LED Lighting Systems and Control Sensors, along with Machine
to Machine infrastructure that promotes energy conservation while
reducing energy consumption costs.
GSI's overall strategy, to be at the forefront of this
fast-emerging dynamic global market, begins with assembling a
diverse team of proven professionals and committed partners with
expertise in each aspect of a vertically integrated Value Supply
Chain (VSC). The VSC can be defined as the process of designing,
engineering, manufacturing, and implementing LED illumination
systems and control sensors to individually address each customers'
energy-efficient infrastructure needs.
Based in Chicago, Global Services International (GSI) is currently
working on several high-profile public and private partnership
projects throughout the State of Illinois. The depth and monetary
value of these projects should be announced soon after the Company
completes their due diligence and acquisition closing, which is
expected within the next 30 days.
Mr. Farid Shouekani, the CEO of Viper Networks, commented: "This
acquisition fits well into our strategy of rapidly expanding our
presence in the Smart City market and to leverage our collective
strengths and capabilities to deliver market leading products and
services worldwide.”
According to a new research report "Smart Pole
Market by Offering (Component, Software, and Services),
Installation Type (New Installation and Retrofit), Application
(Highways & Roadways, Public Places, and Railways &
Harbors), and Geography - Global Forecast to 2023", the
smart pole market is expected to be worth USD 16.65 Billion by
2023, growing at a CAGR of 19.99% annually.
For more information go to www.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 Relations: Heritage First Capital // Scott Gibson,
407.444.5959
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