CyberAds Inc. Acquires XBoard Distribution Rights.TORRANCE, Calif. -- CyberAds, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CYAD) announced today that they have executed an agreement with Aqua Xtremes, Inc., and its parent Nova Communications Ltd., for the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. distribution rights for XBoard, a revolutionary jet surfboard that operates like a Jet Ski Jet Ski A trademark used for a personal watercraft. jet ski Noun a small self-propelled vehicle resembling a scooter, which skims across water on a flat keel jet skiing n (TM) and behaves like a surfboard. CyberAds will focus on expanding the distribution and dealer network in the USA, Canada and Mexico as part of a 10-year exclusive agreement, which also includes an option for the International distribution rights. "This agreement is the culmination of a working relationship that started when we were chosen by Aqua Xtremes to integrate their web site" stated 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, "What we witnessed in our close-up look at XBoard is that consumers, distributors, and dealers share a strong affinity to the product. It appeals to the X/Y generation and is destined des·tine tr.v. des·tined, des·tin·ing, des·tines 1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic. 2. to invigorate in·vig·or·ate tr.v. in·vig·or·at·ed, in·vig·or·at·ing, in·vig·or·ates To impart vigor, strength, or vitality to; animate: "A few whiffs of the raw, strong scent of phlox invigorated her" the watersports industry. We believe this agreement will produce tremendous growth for CyberAds, and our shareholders." "This agreement allows Aqua Xtremes to focus our resources and energy on the design, engineering and manufacturing of XBoard", explained Art Robins, CEO of Nova Communications Ltd. and Aqua Xtremes Inc. "We are extremely confident that the management team at CyberAds will be successful at bringing this product to market throughout North America. This agreement allows both companies to do what we do best - it is an ideal partnership," he continued. CyberAds will be officially launching XBoard at the Miami Boat Show February 17 - 21. At the show consumers will be able to register to purchase the first XBoards scheduled to come off the production line early this spring. CyberAds will be meeting with and negotiating local and regional distribution rights at the show. We invite you to visit XBoard at www.xboard.com. For additional information about CyberAds, Inc., please contact Investor Relations Investor relations The process by which the corporation communicates with its investors. at (973) 351-3868 or visit the company Website at www.CyberAdsInc.com Cautionary Statement for the Purpose of 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: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the telecommunications industry, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission. Cyberads has and continues to institute changes to its strategies, operations and processes to address these risk factors and to mitigate their impact on Cyberads results of operations and financial condition. However, no assurances can be given that Cyberads will be successful in these efforts. |
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