Cyber Digital Highlights Growth in $300 Billion Telecom Industry.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--June 24, 2002 Cyber Digital, Inc. Cyber Digital appears on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of a milestone as it approaches a return to profitability 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 broadband data systems, highlights its growth in the $300 billion telecom industry, as it appears to return to profitability. In an April 25, 2002 independent analyst report, Investrend analyst J. Damien Kolb issued a BUY recommendation on Cyber Digital with a twelve month price target of $3.75 for the following reasons: "Capitulation CAPITULATION, war. The treaty which determines the conditions under which a fortified place is abandoned to the commanding officer of the army which besieges it. 2. of telecom investors has yet to pass, yet the glut of overzealous equity investment and $2 trillion in bank and bond debt in the global crossing of fiber optic cables must and will work its way through the capital markets. The $300 billion per year telecom industry remains sluggish as it attempts to digest a huge overinvestment in equipment and manpower from the Internet boom of the late 1990s. Nevertheless, near-term demand and opportunity promise to deliver wireless and landline digital voice and broadband data systems through thousands of miles of developing countries and to the last mile within developed countries. The spate of recent disappointing profit performances by telecommunications service In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. and equipment companies fails to reflect this growth opportunity in the sector." "The Company appears on the verge of a milestone as it approaches a return to profitability. Following the Telecommunications Act There are several laws named the Telecommunications Act
The percentage of net earnings not paid out in dividends, but retained by the company to be reinvested in its core business or to pay debt. It is recorded under shareholders equity on the balance sheet. to fund future working capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. and research and development efforts." "In December 10, 2001 quarterly earnings guidance, CYBD announced expectations of earnings per share of $0.31 and $1.16 for fiscal years ending 2002 and 2003, respectively. The Company's earnings guidance is based on anticipated growth in revenue from the Nigerian telecom market." 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 wireless and landline digital voice and Internet Protocol (IP) switching systems for network operators worldwide. 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. |
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