Stocks to Watch: VIPR Industries Inc. (PINKSHEETS: VIPR), First American Scientific Corp. (OTCBB: FASC), Oracle (NASDAQ: ORCL), SulphCo, Inc. (AMEX: SUF), Chesapeake Energy Corporation (NYSE: CHK)
Featured Stock: VIPR Industries Inc.
(PINKSHEETS: VIPR)
Current Price (0.59)
http://www.WallStreetStockReview.com
VIPR Industries Announces Completion of its Corporate Restructuring as it Prepares to Commence Formal Operations
TORONTO, ONTARIO-- July 23, 2008 – VIPR Industries Inc. (“VIPR”) (VIPR.PK – News) is pleased to provide the following company update.
VIPR Industries has been actively working on its restructuring, is now close to completion and ready to commence formal operations. The Company over the past several months has reorganized its business over several segments. The Company it has diligently complied with all Pink Sheets requirements necessary to change its designation to current issuer status to provide greater corporate transparency and disclosure.
VIPR has retained the services of accounting firm, Chisholm, Bierwolf, and Nilson to act as its independent auditor of record. The firm has been engaged to perform an audit on its year end for years 2006 and 2007, a review of its most recent quarters, and is now in the final stages of review for completion. The audit is to be used for an anticipated registration statement, expected to be filed with the Securities and Exchange Commission within the coming weeks.
The Company will shortly be announcing developments made to its business which includes acquisitions and key appointments made to its board.
About VIPR Industries Inc.
VIPR Industries Inc. is a Toronto-based precious metals exploration and development company focused on Gold, Uranium, and other precious metal resources and reserves through mergers, acquisitions and resource development.
Cautionary "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: With the exception of historical matters, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projections or estimates contained herein. Such forward-looking statements include expectations on the timing of the closing of the transaction, expectations that these royalties will be accretive on all measures and provide immediate and near-term cash flow, the operator's estimates of proven and probable reserves and additional mineralization, the operator's production estimates, and an estimate of when production is to commence, and expectations on the contribution of revenues. Factors that could cause actual results to differ materially from projections include, among others, precious metals prices, decisions and activities of the operator of the various properties, unanticipated grade, geological, metallurgical, processing or other problems the operator may encounter, changes in project parameters as plans continue to be refined, economic and market conditions, as well as other factors described elsewhere in this press release and in any other filings with the Securities and Exchange Commission. In addition, acquired royalty interests on certain projects are subject to risks associated with conducting business in a foreign country, including application of foreign laws to contract and other disputes, foreign environmental laws and enforcement and uncertain political and economic environments. Most of these factors are beyond the Company's ability to predict or control. The Company disclaims any obligation to update any forward-looking statement made herein. Readers are cautioned not to put undue reliance on forward-looking statements.
For more information please visit ( http://www.viprindustries.com/ )
Contact:
VIPR Industries Inc.
Investor Relations
(416) 366-8648
Email: info@viprindustries.com
For an in-depth coverage on VIPR Industries Inc., please visit: http://www.WallStreetStockReview.com
Other Stock To Watch In The News: First American Scientific Corp. (OTCBB: FASC) closed yesterday at (0.05) down 6.25%, Oracle (NASDAQ: ORCL) closed yesterday at (21.37) up 1.56%, SulphCo, Inc. (AMEX: SUF) closed yesterday at (2.94) up 11.36%, Chesapeake Energy Corporation (NYSE: CHK)
Closed yesterday at (51.75) down 7.38%
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