Cyber Digital Receives $325,000 From CEO; Cyber Digital to Accelerate Expansion in the Nigerian Telecom Market.Business/High Tech Editors Cyber Digital, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYBD), a leading manufacturer and software developer of wireless and landline digital voice and broadband data systems, announced that 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. J.C. Chatpar has recently lent $325,000 to the company to accelerate the expansion of its business in the Nigerian telecom market. "This investment of $325,000, demonstrates our management's belief that our Nigerian customers are fully committed (Law) committed to prison for trial, in distinction from being detained for examination. See also: Fully to Cyber Digital. We believe that the Nigerian market is going to generate significant earnings. We stand committed to achieve the goals we have set out in the Nigerian telecom market. We believe that an imminent market opportunity exists and this loan provides the least expensive form of capital for expansion," said J.C. Chatpar Chairman and CEO. Upon receipt of payments from the Nigerian customers, Cyber Digital will repay the entire loan of $325,000. Cyber Digital holds no long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. from any banking or financial institution and has no off-balance sheet arrangements. In addition, Cyber Digital has access to a $6 Million equity line through December 2003. Recently, J.C. Chatpar has purchased $150,000 Cyber Digital stock in the open market for a total of 170,00 shares. In a report released on April 25, 2002 Investrend analyst J. Damien Kolb issued a BUY recommendation on Cyber Digital with a twelve month price target of $3.75. 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 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) 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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