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CYDF!!!!!! Huge news just out!!! Cyber Defense System's Techsphere Subsidiary Structures Licensing Agreement With Global Skyship Industries, Inc.
Dec 14, 2006 11:25:00 AM
ST. PETERSBURG, FL and ATLANTA, GA -- (MARKET WIRE) -- 12/14/06 -- Cyber Defense Systems, Inc. (OTCBB: CYDF), a designer and developer of next-generation unmanned aerial vehicles (UAVs), is pleased to announce that its wholly owned subsidiary, Techsphere Systems International, Inc. ("TSI"), a designer and manufacturer of airships, has structured a license agreement with Global Skyship Industries, Inc. ("GSI").

This agreement will enable TSI to utilize FAA-approved technologies developed by GSI to enhance new generation airship operations. Further, Cyber and GSI plan to move forward on joint marketing and service opportunities that will allow mutual development and global commercial growth for both airship companies.

Billy Robinson, CEO of Cyber Defense, stated, "This new relationship will allow two of the leading airship companies to combine their technologies and management teams to become one of the most comprehensive airship service providers in the world."

Mike Lawson, CMO of Techsphere Systems International, Inc., "While there are many potential applications for airships, TSI and GSI will be working side by side with world-class organizations to take the airship industry to a new level of end user opportunity."

About Global Skyship Industries

Global Skyship Industries, Inc. and its sister company, Airship Management Services, Inc., own and operate airships -- or blimps, as they are commonly called -- for commercial advertising, military and government applications throughout the world. The company operates the most technically advanced airships in production today -- the Skyship Series, which are certified by the FAA (Federal Aviation Administration) for day and night passenger flight. Additional worldwide certifications have been awarded from the CAA (England), JCAB (Japan), KCAB (Korea) and the CAA (Australia). Airship Management Services, Inc. builds, operates, trains and supports Skyships and crews for clients worldwide. http://www.airshipoperations.com

About Cyber Defense Systems

Cyber Defense Systems, Inc. (OTCBB: CYDF) is designing and building a new generation of UAVs. Cyber Defense is currently marketing airships and their CyberBug(TM) UAVs 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. http://www.cduav.com.

Techsphere Systems International, Inc. ("TSI") is a wholly owned subsidiary of Cyber Defense. TSI, located in Columbus, GA, is a manufacturer of low and mid altitude airships. Together with their teaming companies, Techsphere designs and builds unique airship platforms for use in many areas including surveillance, the military and wireless communications. The current SA 60 spherical airship design holds the world altitude record at over 20,000 feet. http://www.techsphere.us

Forward-Looking Statements:

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.

Contact:

Global Skyship Industries, Inc.
George Spyrou
1-800-475-9744
http://www.airshipoperations.com

Cyber Defense Systems, Inc.
Techsphere Systems International, Inc.
Billy Robinson
727-577-0878
[e-mail]

Osprey Partners
Mike Mulshine
Office: 732-292-0982
[e-mail]