Cyber Digital, Inc. Expects Venture Capital and Strategic Financing to Enter the $84 Billion Critical 'Last Mile' Voice and Broadband Access Market.Business Editors/High-Tech Writers HAUPPAUGE, N.Y.--(BUSINESS WIRE)--July 16, 2003 Cyber Digital, Inc. Venture and strategic investors to directly invest in Cyber Digital as well as in the open market Cyber Digital, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CYBD), announced that it expects venture capital and strategic financing, in multiple rounds, to finance its growth as it enters the $84 billion critical 'Last Mile' voice and broadband access market. This market was just recently deregulated or opened up by the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. (FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. ). Venture and strategic investors are expected to directly invest in Cyber Digital as well as in the open market. This strategic capital raise may permit Cyber Digital to participate in the metamorphosis of critical 'Last Mile' local switching access market for both voice and broadband data as it begins. Cyber Digital's solutions eliminate reliance on Bells for critical 'Last Mile' connections to business customers of competitive service providers (CSP (1) (Certified Systems Professional) An earlier award for successful completion of an ICCP examination in systems development. See ICCP. (2) (Commerce Service P ) such as long distance carriers (LDC LDC See: Less developed countries LDC See less developed country (LDC). ), competitive local exchange carriers (CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) ), and Internet service providers (ISP). FCC Chairman, Mr. Michael Powell stated, "The switch (such as Cyber's switch) is the brains of ones's network and to be without one is to be a competitor (LDC, CLEC or ISP) on life support fed by a hostile host (Bells)." About Cyber Digital, Inc. Cyber Digital, Inc., is a leading manufacturer and software developer of advanced digital voice switches and Internet Protocol (IP) systems for network operators worldwide. Website is www.cyberdigitalinc.com This press release contains forward-looking statements, pursuant to the "safe harbor" provisions as fully described in Cyber's SEC filings. |
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