Cyber Digital, Inc. Secures $10 Million Equity Line with Dutchess Private Equities Fund, LP.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Cyber Digital, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CYBD), a leading designer, software developer and manufacturer of advanced digital voice and broadband data switches, announced that it has signed a $10 million equity line with Dutchess Private Equities Fund, LP of Boston. Under the terms of the agreement, Cyber Digital may elect to receive as much as $10 million from Dutchess in common stock purchases over the next three years. "We selected Dutchess to invest in our company as they understand our business and growth strategy. Dutchess is an ideal financial partner to provide us with requisite capital for both short and medium term as well as opportunistic financing for acquisitions. This is a major milestone in the progress and future of Cyber Digital," said J.C. Chatpar, president 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. . "The funding comes at a time with new 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. rules that favor Cyber Digital to establish non-Bell local circuit switching A networking technology that provides a temporary, but dedicated, connection between two stations no matter how many switching devices the data are routed through. Circuit switching was originally developed for the analog-based telephone system in order to guarantee steady, consistent and IP broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. for competitive telecom carriers. These carriers must move all customers to non-Bell networks before March 2006 or merge with companies that provide the solution such as Cyber Digital. This creates a great opportunity for us to acquire such carriers, further fueling our growth," stated J.C. Chatpar. About Dutchess Dutchess Private Equities Fund, LP is a fund engaged in assisting growth companies in all facets of their long-term strategy, by providing capital and progressive business solutions. The fund manages a portfolio of private investments in public equities ("PIPEs"). Dutchess has worked with such companies in the industries of: healthcare, biotechnology, technology, media, communications, oil & gas, textile, defense, precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. and alternative energy. With offices in Boston and New York, Dutchess has assisted in facilitating the growth of companies located throughout North America and Europe. For more information, please visit www.dutchessadvisors.com About Cyber Digital, Inc. Cyber Digital, Inc., is a leading designer, software developer and manufacturer of a range of advanced distributed digital voice switches and high-performance Internet Protocol (IP) broadband systems, such as softswitches, routers, gateways, firewalls and servers for network operators worldwide. For more information, visit www.cyberdigitalinc.com 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 as fully described in Cyber's SEC filings. |
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