Cyco.net Inc.'s OSSI Ships Product.Business Editors/High-Tech Writers ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Jan. 16, 2004 Cyco.net Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CYKE CYKE Cyber Knife (gaming clan) ) announces completion of first article contract and shipment of product. Orion, the company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , has completed its first article contract and the first SatSecure product has been shipped to the customer. President Richard Urrea stated, "This is an important milestone in our company's development, which takes the company from the developmental stage to actual production and generation of revenues." Orion Security Services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the Inc. is involved in Secure Computer Network and Management Solutions and Video Surveillance Systems via Satellite Communication and is a wholly owned subsidiary with operations in Virginia. Based upon sales related activity to both the U.S. government and the commercial market sectors over the last six months of 2003, the company anticipates the booking forecast to be comprised of orders totaling 770 units of the SatSecure Video Surveillance System and 80 units of the ComSecure Controller Network Management Solution. The company expects to generate $32,000,000 in sales revenue for FY 2004 resulting in a pretax profit combined for U.S. government and commercial sales of 18%. SatSecure Applications: -- Installed in an aircraft, SatSecure(C) allows real-time ground-based video surveillance of passenger cabins in commercial aircraft, giving authorities a unique possibility to monitor and assess hijack situations. -- For ships at sea, SatSecure(C) provides the opportunity of two-way videoconferencing A real time video session between two or more users or between two or more locations. Although the first videoconferencing was done with traditional analog TV and satellites, inhouse room systems became popular in the early 1980s after Compression Labs pioneered digitized video systems "ship-to-shore" for a variety of applications such as telemedicine, surveillance, maintenance and repair. -- Land mobile applications for law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). , medical services, civil defense, disaster relief organizations, broadcasters and private companies. Fixed land-based applications include video surveillance of virtually any kind of remote high-value asset. -- Military applications may be airborne, shipboard ship·board n. 1. The condition of being aboard a ship: on shipboard. 2. Archaic The side of a ship. adj. , mobile or fixed land based. By using SatSecure(C), units like Special Forces, Emergency Management, First Responders first responder First response personnel Emergency medicine A person employed in the public sector–EMT, fire fighter, police, volunteer EMS–whose duties include provision of immediate medical care in the event of an emergency; FRs have basic emergency and naval ships A naval ship is a ship (or sometimes boat, depending on classification) used for combat purposes, commonly by a navy. Naval ships are differentiated from civilian ships by construction and purpose. can provide live video, audio and sensor data from the scene of action back to headquarters, regardless of their location. This release contains statements that constitute 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. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. |
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