Cyber Defense Systems Announces Merger with Techsphere Systems International.ST. PETERSBURG, Fla. -- Cyber Defense Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYDF CYDF China Youth Development Foundation ) announces Techsphere Systems International, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has signed an agreement granting Cyber Defense the exclusive right to merge a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Cyber Defense into Techsphere Systems. Techsphere Systems will be the surviving corporation and become a wholly owned subsidiary of Cyber Defense. Techsphere will continue to manufacture, sell and lease airships presently being designed and manufactured by Techsphere in Columbus, GA. Cyber Defense will continue to work with Techsphere on the sales and marketing of its Airships as well as the marketing and development of Cyber Defense products. For additional information please refer to the 8K to be filed with respect to the transaction. Cyber Defense Systems is an operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of Proxity, Inc. (Pink Sheets:PRXT). Billy Robinson Billy Robinson (b. 1939) is a British professional wrestler and Catch Wrestling instructor. Billy Robinson became popular in Japan where he has trained Mixed Martial Arts fighters in catch wrestling. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cyber Defense Systems states, "Separately we have invested our own capital to build and fly prototypes. We have proven out designs and concepts and continue to strive for excellence as we bring new airships and UAVs into the marketplace. Techsphere and Cyber Defense already hold the respect of the industry as individual companies. Joining together makes us a powerful team capable of influencing military, law enforcement, homeland defense and commercial buyers. Since the UAV UAV Unmanned Aerial Vehicle UAV Unmanned Air Vehicle UAV Unmanned Aerospace Vehicle UAV Unmanned Airborne Vehicle UAV Uninhabited Air Vehicle UAV Urban Assault Vehicle UAV Unpiloted Aerial Vehicle (less common) market is rapidly evolving and changing, this merger will also allow us the opportunity for more long term planning. We are very comfortable combining Techsphere's vast business and airship airship, an aircraft that consists of a cigar-shaped gas bag, or envelope, filled with a lighter-than-air gas to provide lift, a propulsion system, a steering mechanism, and a gondola accommodating passengers, crew, and cargo. manufacturing experience with Cyber's and look forward to an exciting future." About Cyber Defense Systems Cyber Defense Systems, Inc. is designing and building a new generation of UAV's. Cyber Defense also has the global government and military marketing rights to Techsphere Systems International LLC Spherical and Semi-spherical airships. Cyber Defense is currently marketing the airships and their CyberBug(TM) UAV's to various branches of the U.S. government and U.S. allies as multi-use platform vehicles capable of deployment in surveillance and communication operations. http://www.cyberdefensesystems.com About Techsphere Systems International, LLC Techsphere Systems International, LLC, located in Atlanta and Columbus, GA, is the manufacturer of low, mid and high altitude Conventionally, an altitude above 10,000 meters (33,000 feet). See also altitude. airships. Together with their teaming companies, Techsphere will design and build unique airship platforms for use in many areas including surveillance, the military and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. . The current spherical airship design holds the world altitude record at over 20,000 feet. http://www.techsphere.us About Proxity Proxity, Inc. is a developmental holding company specializing in the deployment and marketing of security protection technology and government contract fulfillment. With 18,750,000 shares in CYDF, Proxity is the Company's majority shareholder. Proxity seeks to acquire and develop security technology. The Company plans to enter into teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for commercial, military and homeland defense. http://www.proxity.com This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control and those actual results may differ materially from those projected in the forward-looking statements as a result of various factors. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion