Nigerian Communications Commission Assigns Ten-Year Telecommunications License to Cyber Digital, Inc.Business Editors, High Tech Writers NEW YORK--(BUSINESS WIRE)--May 23, 2001 Cyber Digital to Build Digital Wireless Telephone Networks in Five States of Nigeria Nigeria is currently divided into 36 states and one federal capital territory. The states are further divided into 774 Local Government Areas Before and after independence in 1960, Nigeria was a federation of three Regions: Northern, Western, and Eastern. Cyber Digital, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CYBD), a leading manufacturer and software developer of wireless and landline digital voice and Internet switches announced today that it has received a ten year telecommunications license from the Nigerian Communications Commission The Nigerian Communications Commission (NCC) is the independent regulatory body for the Nigerian telecommunications industry. The NCC created under Decree number 75 by the Federal Military Government of Nigeria on 24th of November 1992. ("NCC NCC See National Clearing Corporation (NCC). ") to build digital wireless telephone networks in five states of Nigeria. This license permits Cyber Digital to (i) sell its wireless and landline digital voice and Internet switching systems to local operators, (ii) provide private network links between its exchanges, (iii) provide community telecommunications with its central office (CDCO CDCO Curriculum Design, Content and Organization CDCO Classified Document Control Office ) exchanges, (iv) provide value-added network services using its Internet access and Cyber Virtual Private Network (CVPN) products, and (v) provide international gateway services through its tandem (CTSX CTSX Central Track Stores Index (Naval Combat Systems) ) exchanges. This long awaited license enables Cyber Digital to move forward with its $35 million proposal to build digital wireless telephone networks, recently approved by the five Nigerian states. About Cyber Digital, Inc. Cyber Digital, Inc., is a leading manufacturer and software developer of advanced integrated packet and circuit digital switching equipment, employing SS7 or C7 signaling, for private and public switched voice network operators worldwide. Cyber Digital is also a leading developer and provider of an array of ultra-high performance Internet Protocol (IP) infrastructure software and systems such as routers, gateways, firewalls and servers for distributive digital broadband and virtual private network (VPN) applications. This press release contains forward-looking statements, pursuant to the "safe harbor" 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 that involve a number of risks and uncertainties that could cause actual results to differ materially. The risks and uncertainties are detailed from time to time in Cyber Digital's SEC reports and filings. Cyber Digital, Inc. has been profiled in The Stock Advisor Newsletter and is featured on The Stock Advisor website. Additional information about Cyber Digital, Inc. may be obtained by sending e-mail to cybd@cyberdigitalinc.com, or visiting www.cyberdigitalinc.com or www.thestockadvisor.com. |
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