TROY, Mich., Aug. 18, 2014 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets:VPER), is pleased to announce that the Company (in partnership with Apollo Metro Solutions, Inc.), has expanded their partnership agreement with ADALI Holding (www.adaliholding.com/eng) by joining in the formation of the new corporate entity Adali Technologies.
Adali Technologies will be the Exclusive Manufacturer and distributor of Apollo Metro's proprietary SMART LED CITY lighting solutions for Streets, Highways, Warehouses, and Airports; including the telecommunications and mobile communications features housing the LED street lights.
The new subsidiary of Adali Holding was created to specifically capitalize on the growing demand for lower cost lighting, and the more efficient environmentally-friendly technology that will drive the mobile communications needs throughout the cities and major roadways worldwide. Adali Technologies will focus on Turkey, Oman, and the CIS countries including Russia, Kazakhstan, Turkmenistan, and others in the region. The new company will start with 3 showrooms featuring a complete line of SMART LED products, including a showroom in Istanbul (where the parent company is headquartered) and in Ankara, Turkey and Oman.
As Chairman of the Board of Adali Holding since 2011, Batur Adali will lead Adali Technologies. Mr. Batur stated: "Stemming from a highly recognized platform of project success from the parent company, this new subsidiary under the name sake Adali was created to establish the Apollo state-of-the-art LED lighting solutions as the premier LED lighting technology of choice for governments and businesses worldwide."
Dr. Tom Otrok, Executive Vice President for Apollo Metro Solution, Inc., and the President of International Operations for Viper Networks, Inc., stated: "This is an important step for Apollo Metro Solutions, and we are delighted to expand our international market with the highest credibility to explore the full potential of our new energy saving lighting technologies. Adding the new advance Apollo SMART LED Applications including the Telecommunication Sites, Cameras, wireless monitor and control component puts the Company on the leading edge of this industry."
ABOUT ADALI HOLDING
Headquartered in Istanbul with offices worldwide from Bucharest to Frankfurt to Washington D.C., ADALI is a highly respected Turkish-based company with a 50-year track record of construction project success with a service network providing General Contracting, Construction Management, Design and Construction, Project Development Services and coalition forces support that covers Facility Maintenance services in the Middle East, Europe and for the U.S. Military. www.AdaliHolding.com/eng
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
CONTACT: Investor Relations: Heritage First Capital & Equity Research Group Scott Gibson, 407.444.5959
Source:Viper Networks, Inc.