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Micro-Cap in News; Viper Networks Inc. (VPER)

By Warren Paige

Shares of Viper Networks Inc. (PINK: VPER), a provider of voice over Internet protocol (VoIP) communications products and services, surged in trading today.

VPER shares ended the day 25% higher at $0.0015 on above average volume of 76.07 million.

VPER shares soared after the company announced that it signed a definitive agreement to acquire 49% of Apollo Metro Solutions Inc. The company has transferred funds for an initial amount equal to 12.5% of the total acquisition price.

As VPER has been working closely with Apollo Metro on new designs for an Advance LED Street Lighting System, the initial payment of funds will be used in the assembly line production project for Apollo Metro’s new LED manufacturing facility in South Florida.

VPER is working to secure major LED commercial orders.

July 17th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.