Cyber Digital, Inc. Targets $120 Billion Local Services Market Due to New Phone Policy; Metamorphosis in Local Telephone Switching Infrastructure Investment Begins.Business Editors & Technology Writers NEW YORK--(BUSINESS WIRE)--Feb. 10, 2003 Cyber Digital, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CYBD), announced targeting $120 billion local services market and pursuing the metamorphosis in local telephone switching Telephone switching Moving one's assets from one mutual fund or variable annuity to another by telephone. telephone switching The movement of an investor's funds from one mutual fund to another mutual fund on the basis of an order given via infrastructure investment as it begins. "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. ) Chairman, Mr. Michael Powell made clear his view the unbundled network element Unbundled Network Elements (UNE) are a requirement mandated by the United States Telecommunications Act of 1996. They are the parts of the telecommunications network that the incumbent local exchange carriers (ILECs) are required to offer on an unbundled basis. platform, known by the acronym UNE-P UNE-P Unbundled Network Element - Platform , was always meant to be a temporary measure that would give competitors a boost while they built their own facilities. The agency (FCC) is widely expected to gradually require more competitors to provide their own central offices switches used for connecting calls rather than leasing Bell switches," as reported by Dow Jones Business News on January 29th. The competitors including competitive local exchange carriers (CLECs) and long distance carriers (LDCs) did not build their local switching facilities instead they accessed Bell switches on a virtually free ride basis. These carriers have lost the battle with the Bells, who will shut off access to them. Spurred by this event, the metamorphosis in the local telephone switching infrastructure investment is beginning. Mr. Mario Gabelli, Chairman of Gabelli Funds, in his discussion with Mr. Louis Rukeyser of Wall Street Week, on January 31st., expressed enormous investment opportunity in this area due to the New Phone Policy. "We believe that we could shortly have an enormous impact on this marketplace. For competitors to build their local central offices switches, it would cost over $4,000 per subscriber and perhaps take three years using traditional, monolithic centralized digital switches. The same cost using our distributed digital switches would be about $1,000 per subscriber and service provided within few months. What we are describing here is similar to the shift to personal computers from monolithic, centralized mainframe computers!" said J.C. Chatpar, Chairman. In addition, J.C. Chatpar said, "We are currently working with a number of investment bankers who will provide the requisite capital for our growth in this market and rapidly take our company to AMEX AMEX See: American Stock Exchange or NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on exchanges. We are confident that we will conclude a most beneficial funding arrangement shortly. Moreover, we are also working with a few major carriers under non-disclosure agreements to enter this "sleeper" market which we believe will awaken with an earthquake impact. Last but not the least, many of our strongest shareholders, who have been with us for a decade or more waiting for this New Phone Policy, will draw substantial benefits in not too distant future." 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 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion