Cyber Defense Systems SB2 Registration Statement Declared Effective by SEC.ST. PETERSBURG, Fla. -- Cyber Defense Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYDF CYDF China Youth Development Foundation ), a designer and developer of next generation unmanned aerial vehicles
The offering relates to the sale of up to 2.0 million shares of the company's Class A common stock that are being offered at an offering price of $3.25 per share and the resale registration of up to 6,782,896 shares of our common stock. The proceeds of our offering will allow Cyber Defense Systems Inc., to eliminate existing debt, facilitate Cyber's option to merge with Techsphere System International, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , enhance business development, ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale sales and marketing efforts on its 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) 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. line of products and increase general working capital. The results of this registration will also allow Cyber Defense Systems, Inc., the opportunity to increase its net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. and allow the company to pursue a major stock exchange listing, thus enabling a broader shareholder base. "We are delighted to that our registration statement has been declared effective by the SEC," commented 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. "The funding options now open to the company should help Cyber achieve the goal of becoming a world leader in the fight against terrorism." 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.cduav.com Cyber Defense Systems, Inc. (OTCBB: CYDF) is an operating subsidiary of Proxity, Inc. (Pink Sheets: PRXT). 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 About Techsphere Systems International, LLC: Techsphere Systems International, LLC, located in Atlanta and Columbus, GA, is the manufacturer of low, mid and high 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. The current spherical airship design holds the world altitude record at over 20,000 feet. http://www.techsphere.us 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. |
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