CyberAds, Inc. to Launch New Web Site to Reflect New Direction and Name Change.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)--Nov. 25, 2003 CyberAds, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYAD) today announced that it will be launching a new corporate web site to reflect its new corporate development direction and anticipated name change. The Company recently announced that it will be changing its name to Capital Asset Development Corp. once appropriate documentation and notices have been filed. The Company retained DCB DCB Dichlorobenzene DCB David Crowder Band DCB Dictionary of Canadian Biography DCB Device Control Block DCB Double Cantilever Beam DCB Disk Coprocessor Board DCB Dependent Care Benefits DCB Data Control Block DCB Direct Copper Bonding Web of Corona, CA, to design the Company's new web site. The web site will support all of CyberAds' divisions and subsidiaries, such as its country club development project, "The Vineyards." Further, the web site will allow the media, investors, and customers to view detailed information on all of the Company's projects, including advanced web tools such as virtual tours Virtual Tours The phrases panoramic tour and virtual tour are often used to describe a variety of video and photographic based media. The word panorama indicates an unbroken view, so essentially, a panorama in that respect could be either a series of photographs or panning video of development projects. Walt Tatum, a CyberAds spokesman, stated, "We're very pleased to have taken the next step in our development as a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a , as we are creating an electronic information source on all of the Company's holdings." DCB Web proprietor, Joel Sutherland, added, "Our team is looking forward to working with CyberAds in developing a dynamic source for information, where the Company's vision and diversification will show through." 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 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. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion