CyberAds, Inc. to Acquire Boditech, Inc.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Dec. 3, 2003 CyberAds, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYAD) today announced that it has signed a Letter of Intent to acquire Boditech, Inc., a personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. and recreational activity company, based in Laguna Hills, CA. In accordance with its mission to become a diversified holding company operating a number of companies in an array of industries, the acquisition of Boditech will further propel CyberAds into the multi-billion dollar recreational activities industry. Boditech, founded in 1997, currently operates one day spa including massage therapy Massage Therapy Definition Massage therapy is the scientific manipulation of the soft tissues of the body for the purpose of normalizing those tissues and consists of manual techniques that include applying fixed or movable pressure, holding, and/or , skin care, and electrolysis electrolysis (ĭlĕktrŏl`əsĭs), passage of an electric current through a conducting solution or molten salt that is decomposed in the process. . Walt Tatum, 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. of CyberAds, stated, "As previously announced, CYAD has been aggressively targeting brick and mortar businesses that add value and synergies to our portfolio of assets. Boditech operates a magnificent facility for mind and body healing." "As our real estate development division continues to pursue 'resort property' acquisitions, such as our Vineyards Country Club property in Palm Springs area, CA, we will concurrently pursue other ventures that bring great value to CyberAds," added Tatum. ABOUT CYBERADS, INC. CyberAds, Inc. (http://www.cyberadsinc.com) is a holding company for three subsidiaries, Freecellular.com, a free cellular phone service, ApprovedBankcard.com, a pre-paid Mastercard that helps consumers establish a good credit rating and BeneficialHealthCare.com, a discount healthcare card service that provides up to 60% discount on medical bills. Operating out of Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , the company has embarked on an acquisition campaign that is focused on 'bricks and mortar' companies with positive cash flow and a potential for growth. The Company's primary business is focused on the development and marketing of its current subsidiaries and systematically building its revenue structure. CYAD has set out to provide services that advance and enhance the quality of life for consumers. It has expanded its existing portfolio of companies to include the luxury motor coach country club "The Vineyards", of which it has acquired a 22% interest. Media Contact: Jacqueline Brown: 818-772-8970 http://www.cyberadsinc.com 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. Statement under 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: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission, such as the Company's Form 15C211 for the fiscal year ended September 30, 2001. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. |
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