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Viper Networks to Implement International Broadcasting Corporation Radio Technology in New Wi-Fi Phone in Joint Venture between Both Companies PHILADELPHIA --(Business Wire)-- Aug. 11, 2004 -- New Wi-Fi Radio Telephone Would Be the First of Its Kind and Could Emerge as a Major Threat to the Satellite Radio IndustryInternational Broadcasting Corporation (OTCBB:IBCS), announced today that Viper Networks (OTC:VPER) is implementing technology developed by the research and development arm of International Broadcasting Corporation into an upcoming version of the Viper Networks Wi-Fi VoIP phone. The joint venture between the two companies will result in IBC Radio Network content available in each and every Viper Wi-Fi VoIP phone. Not only will users of the Viper Wi-Fi VoIP phone be able to make long distance phone calls but also they will be able to listen to IBC Radio Network almost anywhere wirelessly. The device can be carried anywhere, including the car, and as the growth of wireless continues it could be a major threat to pay radio like Sirius Satellite Radio and XM Radio. An output jack will allow the use of headsets or external speaker and will make the device essentially a portable radio set. International Broadcasting Corporation will attempt to market the radio device not only over the Internet but in chain stores as well. Successful placement will translate into major revenues for both Viper Networks and IBCS. Ron Weaver, CEO of Viper Networks, says, "We are proud to have International Broadcasting Corporation as a partner to develop what we believe is the world's very first Wi-Fi Radio. When the device is complete it would put Viper and IBCS in position to pose a threat to the satellite radio providers. Free radio will always be popular with consumers and this device could turn the broadcasting industry upside down." Daryn P. Fleming, President of International Broadcasting Corporation, says, "IBCS has always been and continues to be a pioneer in broadcasting, looking for new high tech ways to distribute our content. We have a great working relationship with Viper Networks and are glad that the advertising agreement has translated into a terrific joint venture. Since the Wi-Fi phone has sold out we expect similar results for the new radio version of the product." About Viper Networks Viper Networks Inc. is a diversified technology development company that markets innovative products and services including its "vPhone," a USB telephone device for Voice over the Internet calling, and other related products that run over its global IP network. Viper Networks also maintains investments in related technology companies in the wireless, IP-based services and other unique emerging technologies. About IBC Radio Network IBC Radio Network, a division of IBCS, is an all-talk radio service now broadcasting via satellite 24/7 and on AM radio in selected markets. IBCRN is focused on business, news, science and paranormal content. IBCRN is also committed to exploring and developing new technologies for distribution of its content. Statements in this press release other than statements of historical fact are "forward-looking statements." Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. |
