SAN DIEGO—-Viper Networks, Inc., (OTC:VPER), a leading innovator in voice-over-Internet (VoIP) products and services, today announced that it has emerged victorious in its dispute with Greenland Corporation.

Per the terms of the binding arbitration, Greenland is required to return all of the common shares of Viper Networks, as well as the return of a $25,000 cash payment that Viper paid to Greenland at closing. The arbitrator essentially granted Viper’s request to rescind the entire transaction, which took place in 2003. Viper intends to cancel the common shares and return them to treasury.

“I am elated with this victory,” Viper Networks CEO Farid Shouekani commented. “This is a major step forward as we continue on a positive path of reducing expenses, and focusing on sales as we drive toward our goal of profitability.”

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About Viper Networks, Inc.

Viper Networks, Inc. provides VoIP products and services through distributors and resellers around the world. Its network of VoIP gateways serves more than 350 countries and regions, and it is unique in offering both network services and equipment to its customers. Unlike most competing VoIP providers, Viper Networks offers its service on a pre-pay basis. It charges only for minutes used and does not require any monthly fees. Its Internet-based users can get dial-up or broadband service with equal quality. Viper has been pioneering VoIP service and technology for more than five years. For more information, please visit www.vipernetworks.com

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