Cyber Digital, Inc. Releases Details of $26 Million NITEL Contract.Business Editors, High Tech Writers NEW YORK--(BUSINESS WIRE)--May 14, 2001 Cyber Digital projects $0.52 EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. from sale of its digital voice and Internet switches Cyber Digital, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CYBD), a leading manufacturer and software developer of wireless and landline digital voice and Internet switches announced today the details of its $26 Million contract with Nigerian Telecommunications Ltd. (NITEL). Under the terms of the agreement Cyber Digital is contracted to install 10,000 voice lines using its proprietary digital voice switches. In addition, Cyber Digital is contracted to install its proprietary Internet systems consisting of 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 for Internet service provision. These digital voice and Internet systems will be connected to fiber optic SONET equipment provided by Tellabs Denmark A/S (NasdaqNM: TLAB). Dunu Nigeria Limited, a local engineering company, has been appointed to assist in equipment installation to be completed by March 31, 2002. Cyber Digital will generate net revenues of $21 million with a gross profit margin 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. of 61% and a net income of $10.5 Million or $0.52 per share from this contract. About Cyber Digital, Inc. Cyber Digital, Inc., is a leading manufacturer and software developer of advanced integrated packet and circuit digital switching equipment, employing SS7 or C7 signaling, for private and public switched voice 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 distributive dis·trib·u·tive adj. 1. a. Of, relating to, or involving distribution. b. Serving to distribute. 2. 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. Cyber Digital, Inc. has been profiled in The Stock Advisor Newsletter and is featured on The Stock Advisor website. Additional information about Cyber Digital, Inc. may be obtained by sending email to cybd@cyberdigitalinc.com, or visiting www.cyberdigitalinc.com or www.thestockadvisor.com. |
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