VIPR Corp. Announces New Business Strategy and Direction - VIPV Secures Strategic Growth Capital

SCOTTSDALE, Ariz., June 16, 2015 /PRNewswire/ -- VIPR Corp. (VIPV) (the "Company" or "VIPR") is pleased to provide this management update regarding recent key developments at the Company. VIPR's new business direction is now focused on the acquisition, development and marketing of strategic nutraceutical and nutraceutical related products for personal consumption, apparel and home use, creating a portfolio of holdings, that represent both 'growth' and 'value' investment opportunities.

"Over the last year, our Company has been successful at building a stronger foundation from which it can continue to grow its new business model," said Daniel Roth, President of VIPR Corp., "Not only have we finalized a new financing agreement with an established investment group, but we also entering into the final stages of negotiating important new acquisitions and distribution deals. We look forward to completing these acquisitions and distribution agreements over the next few months and have a prosperous 2015." 

VIPR Corp. has received the initial working capital funding from a proposed multi-level financing agreement with a privately held investment group. Funding received from the financing agreement will be used by VIPR, in part, to acquire, develop and market proprietary nutraceutical products.

In addition, VIPR Corp will be launching a new Company website to better serve its customers and to keep shareholders, potential investors, and the media current with Company events and industry trends.  The Company expects to make further functional and capacity enhancements to the website as demand requires.

For additional information, please visit: http://www.viprcorp.com

This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on VIPR Corp.'s current expectations and projections about future events, based on information currently available.

The forward-looking statements found in this press release may also include statements relating to VIPR Corp.'s anticipated financial performance, business prospects, new developments, strategies, and similar matters. VIPR Corp. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. VIPR Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

Contacts:

VIPR Corp.
Investor Relations
Tel: 480-800-4136
Email: ir@viprcorp.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vipr-corp-announces-new-business-strategy-and-direction--vipv-secures-strategic-growth-capital-300099891.html

SOURCE VIPR Corp.

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