Cyber Digital's CEO Announces Additional Stock Purchase of $50,000.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--April 9, 2002 Cyber Digital, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CYBD), Chief Executive Officer J.C. Chatpar announced today he intends to purchase, in the open market, with his personal funds, $50,000 of Cyber Digital's common stock in addition to the $100,000 of stock he has already purchased this year. J.C. Chatpar said, "Our Company has developed considerably over the past year. I have complete confidence in the direction that we have chosen. We set out to earn $0.31 per share for our 2002 fiscal year and we believe this will be achieved. I am excited about our growth potential and expect a modest increase in the value of our company over the next few years. I am committed to the long-term success of our company; neither my wife nor I have ever sold a share of Cyber Digital stock and we have no present intention of doing so. " 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, 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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