This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Viper Powersports, Inc. Announces Notice Of Balancing Default

AUBURN, Ala., Feb. 14, 2013 /PRNewswire/ -- Viper Powersports Inc. (OTCQB: VPWI) announced today that on February 13, 2013, Precious Capital LLC ("Precious")  issued a notice related to the April 24, 2012 Loan and Security Agreement ("Agreement") between Viper Motorcycle Company ("Viper") and Precious. The notice stated that a Balancing Default to the Agreement exists and provided for 10 business days to cure the issue before an Event of Default will occur.

Viper and Precious have been working to restructure the agreement to achieve an equitable capital structure for all of Viper's stakeholders. In parallel with the restructuring discussions, Viper has been actively seeking financial alternatives and will vigorously continue to pursue all viable options.

The foregoing material may contain forward-looking statements. We caution that such statements may be subject to uncertainties and unanticipated events or circumstances, and that actual results could differ materially from such forward-looking statements. Readers accordingly should not place undue reliance on these forward-looking statements, which do not reflect anticipated or unanticipated events or circumstances occurring after the date of these forward-looking statements.

FOR MORE INFORMATION CONTACT:  Timothy C. KlingChief Financial Officer334-321-4292

SOURCE Viper Powersports, Inc.
Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,112.75 -19.11 -0.11%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,814.4130 -24.23 -0.50%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs