| [October 26, 2004] |
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Viper Networks Retains Cogent Capital to Assist with American Stock Exchange Listing
SAN DIEGO --(Business Wire)-- Oct. 26, 2004 -- Viper Networks, Inc. (OTC:VPER) announced today that it has retained Utah-based Cogent Capital to assist the Company in obtaining a listing on the American Stock Exchange(R).
Established in 1995, Cogent Capital (www.cogent-capital.com) is focused on helping small companies to continue to grow and expand. Cogent accomplishes this by helping companies adopt a structure to attract institutional investors and advising on overall corporate strategy.
Under the terms of the agreement, Cogent Capital will assist Viper in meeting all the necessary listing requirements in order for the Company's common stock to begin trading on the American Stock Exchange. Cogent Capital will facilitate Viper's preparation for listing including meeting shareholder's equity requirement and share price, as well as assist with completing all the necessary applications.
As a self-regulatory organization, the Amex (www.amex.com) maintains extraordinary integrity. By combining a specialist-based auction market with state-of-the-art trading technology -- the foundation of a fair, efficient and accountable marketplace -- all trades are executed swiftly, with reliability, accuracy, and transparency.
Cogent Capital Managing Director, Greg Kofford, stated, "VoIP is redefining telephony. Viper is executing on their plan to be a dominant player in this space. We look forward to helping them realize the company's tremendous potential."
Viper Networks Vice President of Finance, Jason Sunstein, commented, "We are extremely pleased to engage Cogent Capital and add them to our team of professionals. Cogent Capital is a firm with the reputation, experience and resources to assist Viper Networks in reaching its financial goals and objectives."
About Viper Networks Inc.
Viper Networks, Inc. has built "Your Internet Phone Company" by refining technology and expanding its state-of-the-art global VoIP (Voice over Internet Protocol) network that allows calls to be placed to any phone in the world at substantial savings using your existing Dial-up or Broadband Internet connection, and receive calls through a unique IP-PSTN switching network. Viper Networks is a publicly traded Utah corporation with headquarters in San Diego, California. For more information about Viper Networks Inc., please visit www.vipernetworks.com.
About Cogent Capital Corp.
Cogent Capital Corp. is a boutique investment banking firm that focuses primarily on "nano-cap" and micro-cap companies. Cogent has developed the Cogent Step-up System designed to help companies move to the American Stock Exchange to get the prestige they deserve to achieve the business goals they require. The Cogent Step-up System includes a private placement to ensure a client company meets the shareholder's equity requirement of most listing standards on either Amex or NASDAQ. Cogent is based in Salt Lake City, Utah. For more information about Cogent Capital, please visit www.cogent-capital.com.
Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. In addition to the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially are the following: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; availability of third-party material products at reasonable prices; the financial condition of the customer; risks of obsolescence due to shifts in market demand; and litigation involving product liabilities and consumer issues. Viper Networks Inc. cautions readers not to place undue reliance upon any such forward looking statements, which speak only as of the date made. Viper Networks Inc. expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based.
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