Cyber Digital, Inc. Announces Additional 47,000 Shares Purchased by CEO J.C. Chatpar.Business Editors & Technology Writers NEW YORK--(BUSINESS WIRE)--April 23, 2002 Cyber Digital, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYBD), a leading manufacturer and software developer of wireless and landline digital voice and broadband data systems, announced today that its Chief Executive Officer J.C. Chatpar increased his beneficial ownership of the company to approximately 35.6% through the purchase of an additional $50,000 of common stock in the open market totaling 47,000 shares. "This year I am pleased to have purchased $150,000 of common stock in the open market for a total of 170,000 shares," said J.C. Chatpar, Chairman and 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. . "We believe we are on track to meet our current business plan objective of earning $0.31 per share for our FYE FYE For Your Entertainment FYE First Year Experience FYE Fiscal Year End FYE Funding Your Education FYE For Your Eyes (CSD-TV magazine) FYE For Your Enjoyment FYE Full Year Effect FYE First Year Enrichment FYE For Your Edification 2002. Unlike most companies in our sector we expect strong revenue growth over the next year, while maintaining efficient operations leading to profit margins exceeding industry averages. Presently, we remain to be debt free and adequately funded through our institutional investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . Our array of both broadband systems serving the new Homeland Security and VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. markets; and advanced digital voice switching systems serving the untapped Nigerian telecom market should provide a diverse revenue stream as well as solid growth prospects over the next several years." About Cyber Digital, Inc. Cyber Digital, Inc., is a leading manufacturer and software developer of advanced digital voice switching systems for network operators worldwide. Cyber Digital is also a leading developer and provider of an array of ultra-high performance Internet Protocol (IP) infrastructure software and systems such as routers, gateways, firewalls and servers for next-generation local-loop digital broadband and virtual private network (VPN) applications. This press release contains forward-looking statements, 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 of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 that involve a number of risks and uncertainties that could cause actual results to differ materially. The risks and uncertainties are detailed from time to time in Cyber Digital's SEC reports and filings. Additional information may be obtained by visiting www.cyberdigitalinc.com |
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