Cyber Digital, Inc. Projects Increased $42 Million in Sales to Three Nigerian States; Cyber Digital to Sell 26,000 Telephone Lines to Three States in Nigeria.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--May 21, 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 Internet systems, projected today an increased $42 million in sales to three Nigerian state governments. Cyber Digital anticipates sales of $42 million up from $34 million it previously projected to these states. These states have committed to purchase an aggregate of 26,000 telephone lines up from the 21,000 previously requested. Cyber Digital anticipates a steady stream of additional business from this oil rich country over the next several years. Nigeria is expected to install 5,000,000 telephone lines over the next five years, thus making it one of the fastest growing telecommunications markets in Africa. Already this year, Cyber Digital expects to deliver $42 Million of its digital voice switches to satisfy the demand in three of the country's thirty-six states. Additionally, Cyber Digital has received orders from federally owned, NITEL and private telephone operator, 2 Systems Technologies, Ltd. "We expect enormous demand from the Nigerian telecommunications market. This year we have received numerous requests for our switches from state governments. We feel solid about our earnings outlook and have grown considerably within this market," said J.C. Chatpar, 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. . Please visit www.cyberdigitalinc.com for a detailed analyst report from Investrend Research. About Cyber Digital, Inc. Cyber Digital, Inc., is a leading manufacturer and software developer of advanced digital voice switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. for network operators worldwide. Cyber Digital is also a leading developer and provider of an array of ultra-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) 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 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 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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