Cyber Digital, Inc. Announces 50% Stock Dividend.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Cyber Digital, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CYBD), an emerging leading designer and software developer of advanced digital voice and broadband data switches, announced today that its Board of Directors has declared a 3-for-2 stock split to be paid in the form of a 50% stock dividend to the stockholders of record as of June 26, 2006. Stockholders will receive one additional share for every two shares held on the record date. The additional shares will be mailed on or about July 11, 2006 by the company's transfer agent, Continental Stock Transfer & Trust Company. Currently, there are 22,336,542 shares of common stock outstanding. The number of shares outstanding after the stock dividend will be approximately 33,504,813 shares. J.C. Chatpar, Chairman of the Board of Directors, commented, "The Board's decision to declare a 50% stock dividend reflects our confidence in the outlook for Cyber Digital's growth and a desire to increase public float, thereby improving liquidity for investors. Our recent strategic initiatives to pursue the acquisitions of accretive Competitive Local Exchange Carriers (CLECs) and Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISPs) heighten our confidence in building a solid company. We look forward to a bright future for Cyber Digital and appreciate our shareholders' support and interest." About Cyber Digital, Inc. Cyber Digital, Inc., is a leading designer and software developer of advanced distributed digital voice switches and high-performance Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (IP) broadband systems, such as softswitches, routers, gateways, firewalls and servers for network operators worldwide. For more information, visit www.cyberdigitalinc.com This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions as fully described in Cyber's SEC filings. |
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