VPER - BIG NEWS - $$$ Viper Networks Expands Into Six States For MasTec And Receives Payment For Cell Tower Work Done Through July
Date : 08/06/2013 @ 8:10AM
Source : Business Wire
Stock : Viper Networks, Inc. (PN) (VPER)
Viper Networks, Inc. (PN) (USOTC:VPER)
Intraday Stock Chart
Today : Wednesday 7 August 2013
Viper Networks, Inc. (Pink Sheets: VPER), is pleased to announce that the Company has received payments totaling $655,000.00 USD from MasTec, Inc. for wireless tower wiring and electrical work done during May, June and July 2013.
As announced earlier, the Company has signed a long-term (3 year) contract with MasTec, Inc. (NYSE: MTZ), to help in upgrading several major carrier’s wireless network infrastructure networks throughout the United States.
Viper Networks started their first wireless project for MasTec in Minnesota, by employing twenty (20) electrical wiring installers and other professionals to provide extensive installation, engineering and upgrade maintenance services in multiple locations throughout the state.
Due in part to Viper Networks’ strong performance and reliability in multiple projects throughout Minnesota, MasTec has recently awarded the Company with numerous wireless cell tower projects in five (5) more states, including; Illinois, Indiana, Michigan, Ohio and Wisconsin.
Viper Networks has redeployed some of the twenty contractors working for the Company in Minnesota to new projects in other states. To service these ongoing projects currently in six states, Viper has also hired fifteen (15) more contractors and currently employs thirty-five (35) electronic/electrical contractor professionals.
In other news, the CEO of Viper Networks is expected to travel to Colombo, Sri Lanka on August 20th for a 7 to 10 day trip for further discussions regarding the Company’s LED pilot program in country in partnership with Apollo Metro Solutions. Product testing has been very positive and focused on the LED light and camera combination street lamps. The Company expects to issue a press release update in September.
About MasTec, Inc. (NYSE: MTZ)
MasTec, Inc., headquartered in Coral Gables, Florida, is a leading infrastructure construction company operating throughout North America across a range of industries. With offices in nearly every state, MasTec’s communications division provides cell tower Acquisition, Construction and Installation, Design and Engineering, and Ongoing Maintenance services for the nation’s largest wireless service providers. Visit their company at
www.mastec.com.
For additional information, see
www.ViperNetworks.com.
This release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from results predicted and should not be considered an indication of future performance.
Heritage First Capital
Investor Relations:
Scott Gibson, 407-444-5959
VPER - BIG NEWS - $$$ Viper Networks Expands Into Six States For MasTec And Receives
