LEDs America has awarded Viper Networks, Inc. with complete sales and marketing export rights with 100% exclusivity for LEDs America’s LED products for the entire country of India, as well as Saudi Arabia for the next 5 years.
The exclusivity agreement includes all products sold under the LED-O® registered brand name, along with complete rights for current products under development, and future products that may be developed and/or engineered during the Company’s exclusivity period.
In addition, Viper Networks has recently begun talks with two U.S.-based companies; one that offers compelling synergy to the Company’s emerging business within the LED sector, and another that represents a uniquely complimentary opportunity from within the energy distribution industry. The two acquisitions and/or merger candidates are profitable entities with annual revenues of from $2.5 million to approximately $10 million, respectively.
