Cyberfast Files Form 211 To Return To Bulletin Board.Business Editors LA JOLLA La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , Calif.--(BUSINESS WIRE)--Jan. 31, 2002 Cyberfast Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYSI CySi Cyber Society of India CYSI Coalition of Young Social Innovators CYSI Catholic Youth Sports Informer CYSI Children and Youth Services Initiative ) today announced that the company's Form 211 had been filed on Jan. 23, 2002. The acceptance of the Form 211 filing will reinstate the company back to Bulletin Board status. The company anticipates that upon reinstatement Cyberfast Systems Inc., will warrant greater attention from some of the larger companies who are currently reviewing Cyberfast's Silverado software technology. Additionally, the company's management anticipates the reinstatement will help in future funding and possible acquisitions, along with additional future funding opportunities from Cyberfast's largest shareholder ID Four Ltd. (OTCBB:IDFR IDFR Institute of Diplomacy and Foreign Relations (Malaysia) ). Cyberfast Systems Inc., located in La Jolla, Calif. is a software technology development and marketing company focused on the Intelligent Internet Technology sector. Silverado is an Intelligent database driven Web-based software designed for use by institutional and retail organizations for the creation of Intelligent Database driven Web sites. The technology also includes a unique code generation system which eliminates the need for prior programming knowledge and significantly speeds up the time to market and costly IT department overheads. The company is currently in the process of demonstrating the Silverado system to several large Financial Institutions. "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: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of Competitive products and pricing, product demand and market acceptance, new Product development, reliance on key strategic alliances, availability of Raw materials, the regulatory environment, fluctuations in operating results And other risks detailed from time to time in the company's press releases. |
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