CYRD(0.015) CybeRecord, Inc. Addresses Shareholder Questions
Tuesday, April 22 2008 9:01 AM, EST Business Wire "US Press Releases " DALLAS --(BUSINESS WIRE)--
CybeRecord, Inc. (OTC:CYRD), a Delaware corporation, would like to take this opportunity to respond to several shareholder questions. At the present time, CybeRecord, Inc. is still establishing its investor relations department; however, we have received numerous emails from shareholders. We felt it best to address many of the common concerns in this press release, in order to ensure that all investors are updated equally.
Many shareholders have asked about the possibility of a reverse split. The company does not have any plans for a reverse split, and management does not foresee the need to do one in the future. The current corporate structure is sufficient to handle all of the company's upcoming growth plans.
Another question that seems to be of major concern is the outstanding share count, the authorized share count, and whether the authorized is going to increase. As of today, the outstanding share count is 142,283,944, with 100 million restricted shares as stated on the company website (www.cyrdoil.com). The current authorized share count is 250,000,000, and management does not plan to increase the authorized count anytime soon.
We have received several emails asking about potential projects, deals, and strategic plans. At this time CybeRecord, Inc. is still in the transition phase. Management and consultants are hard at work to make the move into the energy field a smooth and successful one. The company is currently conducting due diligence on several potential projects, including acquisitions. Talks are currently underway. We hope to have our strategic outline completed and released by the start of next week. We will continue to keep shareholders apprised of major announcements and developments as they happen.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of CybeRecord, Inc. to be materially different from the statements made herein.
Source: CybeRecord, Inc.
