Cyber Edge Enterprises Files for Protection Under Chapter 11.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 5, 2001 Cyber Edge Enterprises Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CYEI) announces today that on October October: see month. 1, 2001 the Company filed documents in Bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for protection under the Chapter 11 Reorganization rules. The Company states that they have reached an agreement with the Major Judgment Holder. This agreement shall effectively progress the reorganization process. Cyber Edge states that they are aggressively seeking out Merger Candidates to bring back shareholder value to the company. The company has reestablished its office at 68 Lamar Street West Babylon, New York West Babylon is a hamlet (and census-designated place) in Suffolk County, New York, United States. The population was 43,452 at the 2000 census. West Babylon is a community in the Town of Babylon. 11704. Effective October 15, Contact the Company @ (631) 491-7100 Except for any historical information contained in herein, certain matters set forth in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which can be identified by the use of forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. terms such as "believes" "estimates" "plans" "excepts" "anticipates" "intends" or by discussion of strategy, future operating results or events. These forward-looking statements are subject to risks and uncertainties that may cause the Company's actual results, performance or achievement to differ materially from those discussed in the forward-looking statements. These risks and uncertainties are detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the Company to control, and, in many cases, the Company cannot predict all the risks that could cause its actual results, performance or achievements to differ materially from those indicated by the forward-looking statements. These forward-looking statements speak only for the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" and the Company and its management cannot assure that future results covered by any forward-looking statements will be achieved. The Company disclaims any intent or obligation to update these forward-looking statements. |
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