TROY, Mich., Jan. 20, 2025 (GLOBE NEWSWIRE) — Viper Networks (OTCPK: VPER ) has announced the start of its strategic rebranding effort. Among other corporate actions, Viper and its subsidiaries will adopt the name 0Wire (pronounced Zero-Wire). The assets of 1stPoint Communications will be split into two strategic operating companies. The existing entity will be renamed 0Wire Communications and will manage the company’s core telecommunications assets in the United States and the Eastern Caribbean. The new entity, 0Wire Hosting, will manage the company’s technology hosting portfolio. 0Wire Wholesale, the new subsidiary, will refocus the company’s wholesale services on newer and higher growth opportunities such as 5G roaming and messaging, while continuing to develop the wholesale voice market. Additional subsidiaries, called 0Wire Energy, will pursue smart city and renewable energy projects in the United States and Sri Lanka.
We undertook this rebranding effort to better align with the company’s All Wireless Telecom+Energy strategy, said Erik Levitt, the company’s CEO. The Everything Wireless strategy consists of five key pillars: Over-the-Top Technologies (OTT), Mobility, Fixed Wireless, Smart City and Generation Renewable Energy. We continue to see very strong growth in our OTT business and there is recognition across the industry that we are leading the messaging market. We will continue to develop these technologies as we focus long-term investments toward mobility and fixed wireless, Levitt said.
During the last fiscal year, the company completed the deployment of 108 Apollo smart poles and smart lights in Sri Lanka’s capital, Colombo. The initial implementation was a pilot project for future, larger and more complex installations. Management is now evaluating future projects with key components in the market, said Farid Shouekani, the company’s president. We look forward to the increasing recognition of the 0Wire brand as a market leader in the implementation of smart cities, added Shouekani.
The management decided to start the rebranding with the telecommunications division because of its strategic importance, as well as the lack of need for regulatory approvals. Due to regulatory requirements, certain corporate actions, such as name changes, may take several months to complete. We hope to complete the process at the corporate level over the next three quarters, Levitt added. Management anticipates that this process will take place in conjunction with an audit of the company’s financial statements.
Additional information about the rebranding will be available in the company’s annual filings, as well as in future press releases.
About VIPER NETWORKS, INC.
Viper Networks is a provider of telecommunications services, smart cities and energy generation projects. Our Everything Wireless strategy is designed to integrate mobility, fixed wireless, over-the-top (OTT) technologies and smart cities into a single platform that can be deployed in any market in the world. For more information, visit www.ViperNetworks.com or follow on X (formerly Twitter) Twitter@vipernetworks.
Forward-looking statements
This press release contains projections and other forward-looking statements regarding future events or our future financial results. All statements other than current and historical facts and conditions contained in this release, including all statements regarding our future results of operations and financial position, business strategy, plans and our goals for future operations, are forward-looking statements (within the meaning of the Act of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act securities from 1934, as amended). These statements are only forward-looking statements and reflect our current beliefs and expectations regarding future events and are based on assumptions and are subject to risk and uncertainties and may change at any time. We operate in a highly competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this press release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
Media/Investor Relations Contact: SAG Equity Group / 407.444.5959
Source: Viper Networks, Inc.
