CyberSentry Initial Offering Today.TAMPA, Fla.--(BUSINESS WIRE)--March 31, 1999--The initial offering of up to 500,000 CyberSentry common shares, at $5.00 per share, is scheduled for Wednesday March 31, 1999 in the Over The Counter market. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CYBY) The shares were issued pursuant to the plan of reorganization in the United States Bankruptcy Court in Tampa, Florida of Telecommunications Service Center, Inc. CyberSentry, Inc has 13,758,765 issued and outstanding shares of common stock. Cybersentry, Inc (http://www.cybersentry.com) owns proprietary software used to protect the digital rights of text, audio and video, both on and off the internet, including its use for e-commerce transactions on the internet. The software has potential applications for e-commerce sites like Amazon.com (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AMZN AMZN Amazon.com (NASDAQ symbol) ), ebay (NASDAQ: EBAY), ubid (NASDAQ: UBID), bid.com (OTC: BII) and America Online (NYSE NYSE See: New York Stock Exchange : AOL). The CyberSentry Technology was previously acquired by the company for three million dollars. CyberSentry has licensed the software to Digital Rights International, a subsidiary of LibertyOne limited (ASX ASX See: Australian Stock Exchange : LIB). LibertyOne has a joint venture with Excite (NASDAQ: XCIT) for Excite Asia Pacific. The technology has potential applications for other search engines like Yahoo (NASDAQ: YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), Lycos (NASDAQ: LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ) and Inktomi (NASDAQ: INKT). CyberSentry intends to position itself as a telecommunications gateway to e-commerce by providing services that can be charged to the local phone bill or charged to cards that are a part of The CyberSentry Network. CyberSentry through the merger now has preferred shareholders that include Worldcom (NASDAQ: WCOM), Sprint (NASDAQ: FON), Qwest (NASDAQ: QWST) and Westinghouse (NASDAQ: RSLC). The merger will allow CyberSentry access to 15,000 agents and a database of over one million card holders as the initial marketing opportunity for the new CyberSentry services. The merged company had combined sales for the period ended December 31, 1998 of approximately $19 million dollars. CyberSentry has licensed certain Asynchronous Transfer Mode See ATM. (communications) Asynchronous Transfer Mode - (ATM, or "fast packet") A method for the dynamic allocation of bandwidth using a fixed-size packet (called a cell). See also ATM Forum, Wideband ATM. ATM acronyms. Indiana acronyms. ("ATM") Technology, at a cost of three million dollars, from a subsidiary of LibertyOne Limited for the development of a set top box that can simultaneously deliver voice, video, data and access the internet using the broadband ATM technology. This announcement does not constitute an offer to sell, or the solicitation of an offer to buy any securities. The offering will be made only by means of compliance with the Securities Act of 1933, or exemptions from the Act, and other applicable laws. This announcement includes forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. For these statements the company claims the protection of the safe harbor for forward looking statements contained in Section 21E of the Exchange Act. |
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