Cyber Digital's Founder and CEO Continues to Advance Cash Totaling $1.26 Million
Cyber Digital has the potential of being a gold mine
NEW YORK, March 13, 2007 - Cyber Digital, Inc. (OTC BB: CYBD), a leading designer and software developer of advanced digital voice and broadband data switches, announced today that its Founder and Chief Executive Officer, J.C. Chatpar continues to make cash advances to the company, now totaling $1.26 million.
Instead of allowing the company to sell its shares at the current market price for its growth and the quest for acquisitions, this action of its CEO shows that the intrinsic value of the company is currently not reflected. Cyber Digital has the potential of being a gold mine. It is creating an alternative to the Bells' 'Last Mile' voice and broadband local switching network.
"I feel I have done the right thing for my shareholders. The FCC has opened up our markets in the U.S. for the first time in our company’s history. I have always been confident that the systems we have developed for the 'Last Mile' voice and broadband applications would one day have a profound impact on our business. Looking ahead, I expect the gain in Cyber Digital's intrinsic value will by far exceed any of my expectations. I have backed my conviction with my own money. And, nothing will give me more joy than to capture a significant share of this lucrative market, when almost all of my net worth is in Cyber Digital," stated J.C. Chatpar, president and CEO.
About Cyber Digital, Inc.
Cyber Digital, Inc., is a leading designer and software developer of advanced distributed digital voice switches and high-performance Internet Protocol (IP) broadband systems, such as softswitches, routers, gateways, firewalls and servers for network operators worldwide. For more information, visit www.cyberdigitalinc.com
This press release contains forward-looking statements, pursuant to the "safe harbor" provisions as fully described in Cyber's SEC filings.
Contact:
Mercantile Ascendency
Vince Duhon
214.461.3500
vduhon@mercantileascendency.com
