Wasserman Morris & Co. Initiates Coverage and Issues Research Report for Cyber Defense Systems with a Price Target of $1.60.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & ST. PETERSBURG, Fla. -- Cyber Defense Systems, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CYDF CYDF China Youth Development Foundation .OB) today announced that New York-based Wasserman Morris & Company, an independent investment research firm, began its initial coverage of the Company. Wasserman Morris issued a speculative buy rating with a target price of $1.60. Their report, which is available for viewing at http://www.wassermanmorris.com and on Cyber Defense Systems' website http://www.cduav.com, cites "We believe that the current company specific risks outweigh by far the future potential value of the company. It is an attractive Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States stock that we would expect to evolve into more than just a Homeland security spending stock. Billy Robinson Billy Robinson (b. 1939) is a British professional wrestler and Catch Wrestling instructor. Billy Robinson became popular in Japan where he has trained Mixed Martial Arts fighters in catch wrestling. , Cyber Defense Systems' 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. , said, "We are extremely pleased with the comprehensive research report that the analyst, at such a respected independent research firm Wasserman Morris & Co. compiled. They assessed the upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar of our strategy and efforts to position ourselves for future growth in our industry." Wasserman Morris & Co. is an equity research firm providing un-biased research for significantly under-followed small cap companies. Wasserman Morris & Co. distributes its research to a broad audience of institutional and individual investors seeking information on under-followed small cap stocks. ABOUT CYBER DEFENSE SYSTEMS Cyber Defense Systems, Inc. is designing and building a new generation of UAV's. Cyber Defense is currently marketing the airships and their CyberBug(TM) UAV's to various branches of the U.S. government and U.S. allies as multi-use platform vehicles capable of deployment in surveillance and communication operations. Cyber Defense Systems, Inc. http://www.cduav.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CYDF) ABOUT TECHSPHERE SYSTEMS INTERNATIONAL Techsphere Systems International, Inc., a 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. of Cyber Defense is located in Atlanta and Columbus, GA, is the manufacturer of low, mid and high altitude airships. Together with their teaming companies, Techsphere will design and build unique airship airship, an aircraft that consists of a cigar-shaped gas bag, or envelope, filled with a lighter-than-air gas to provide lift, a propulsion system, a steering mechanism, and a gondola accommodating passengers, crew, and cargo. platforms for use in many areas including surveillance, the military and wireless communications. The current spherical airship design holds the world altitude record at over 20,000 feet. http://www.techsphere.us. ABOUT PROXITY Proxity, Inc. is a developmental holding company specializing in the deployment and marketing of security protection technology and government contract fulfillment. After the declared dividend declared dividend A dividend authorized by a firm's board of directors. At the time a dividend is declared, the firm creates a liability for the dividend's payment. Proxity a major shareholder in CYDF will own 18,250,000 shares. Proxity seeks to acquire and develop both internet based business opportunities and security technology. The Company plans to enter into developmental, teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for Government, commercial, military and homeland defense areas. http://www.proxity.com. (PinkSheets:PRXT). This release contains statements that constitute forward-looking statements. 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 those actual results may differ materially from those projected in the forward-looking statements as a result of various factors. |
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