Viper Networks to Acquire Entire 15th Floor of Premium Dubai Office Building for Operational Expansion

Multi-Million Dollar Transaction to Provide Nearly 20,000 Square Feet of Ideal Office Space to Accommodate Company’s Immediate and Future Growth Plans

TROY, Mich.--(BUSINESS WIRE)-- Viper Networks, Inc. (Pink Sheets:VPER), a telecommunication network operations and technical management company, is pleased to announce the Company’s plans to acquire the entire 15th floor of the well known ‘Executive Heights for DAMAC’ office building located in the affluent business district of Dubai, the largest city in the United Arab Emirates (U.A.E.).

The professional office space of 19,155 square feet, is being purchased from Al-Husseini Brothers Company, an export/import trading firm and real estate company with operations in Dubai, Jordan, and Qatar.

Terms of the commercial real estate transaction will be disclosed after the closing, but Viper Networks’ management expect the final agreement to approximate 50% in equity priced above the current market price and 50% in future cash flow, profit sharing arraignments.

Currently appraised at $6 million (USD), upon the official documented closing, the commercial building space property will become a 100% owned asset of Viper Networks, Inc.

Some of the corporate expansion plans for the new building space, include a major call center operation for multiple Company and/or subsidiary business applications and a tele-medicine platform operation to be announced at a later date.

In other news; the Company’s Communications and Wireless Services division based in Riyadh, Saudi Arabia, has now booked over $2,000,000 (USD) in business for the initial six month period, which ended March 31, 2011. Further financials can be expected as the Company’s accounting firm completes the 2010 fiscal end year for submission to the OTC Markets.

Finally, per the U.S. District Court (Southern District of New York) Re: RATES-VIPER PATENT LITIGATION, a final judgement has been reached (Court dated April 4, 2011). Whereas Viper Networks, Inc. and Rates Technology, Inc. have entered into a Settlement Agreement resolving all claims and counterclaims remaining in the Consolidated Action. This matter is now closed.

For additional information, please visit www.vipernetworks.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.

CONTACT:

Heritage First Capital
Scott Gibson, 407-444-5959
www.heritagefirst.com

KEYWORDS:   United Arab Emirates  United States  North America  Florida  Middle East

INDUSTRY KEYWORDS:   Technology  Internet  Telecommunications  Mobile/Wireless  Construction & Property  Commercial Building & Real Estate

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