Cyber Digital, Inc. Provides Guidance on $26 Million NITEL Project.Business Editors NEW YORK--(BUSINESS WIRE)--June 3, 2002 Cyber Digital anticipates completion of 10,000 line project in 2003 NEW YORK--(BUSINESS WIRE)--June 3, 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 switches announced guidance for the completion of its $26 million project with Nigerian Telecommunications Ltd. (NITEL). Cyber Digital anticipates the completion of this project in calendar year 2003. Due to delays in NITEL's privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned , the commencement of this project has been postponed. Therefore, Cyber Digital has not incorporated the impact of this project in its 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 earnings projections of $0.31 per share. In this project, Cyber Digital will deploy its proprietary digital voice and Internet 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. . Cyber Digital will install 10,000 voice lines, 50 customer premise gateways, 50 IPSec firewall 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. systems and 2 high-performance routers. Connected by fiber optic SONET these proprietary systems will bring digital voice and broadband data communications to the capital city of Abuja. Dunu Nigeria Limited, a local engineering company, has been appointed to assist in equipment installation to be completed in calendar year 2003. 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 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 sending email to cybd@cyberdigitalinc.com, or visiting www.cyberdigitalinc.com |
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