Cyber Digital, Inc. Announces CEO Stock Purchase.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 25, 2002 Cyber Digital, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: 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 would increase his ownership of the company through the purchase of $100,000 of common stock in the open market. "We believe we are solidly positioned for success. We entered 2002 with a clear identity and direction in the fields of broadband data and voice communications. We believe that our two proprietary product lines will enhance the value of our company because of inherent high gross profit margins Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. arising from our unique software operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. . Our array of both broadband systems serving the new Homeland Security market and advanced digital voice switching systems serving the untapped Nigerian telecom market should provide a diverse revenue stream as well as solid growth prospects in the future," 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. . In addition, J.C. Chatpar said, "Despite our poor performance for nine-months period of a loss of $0.02 per share, we expect to earn $0.31 per share for fiscal year ending March 31, 2002 through our successes in the Nigerian telecom market. 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. . We believe the combination of these factors should permit us to grow organically resulting in increased shareholder value." 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 (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. ) 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 sending email to cybd@cyberdigitalinc.com, or visiting www.cyberdigitalinc.com |
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