CYHA News ..No Reverse split:
Friday, May 29 2009 9:15 AM, EST Cyberhand Technologies Announces Significant New Product Line and a Second Planned Stock-Dividend and Spin-off Business Wire "US Press Releases "
LAS VEGAS --(BUSINESS WIRE)-- Cyberhand Technologies (PINKSHEETS: CYHA) announced today its new Raptor Controller and the Company's second planned stock-dividend and technology spin-off.
The second spinoff of Cyberhand Technologies will consist of the Pocketop keyboard and the upcoming Bluetooth model. The Pocketop keyboard was the best selling folding keyboard in the world in Canada , Britain, Japan and the USA in 2001, 2002 and part of 2003. It retailed hundreds of thousands of sales at premier retailers like Radio Shack, Sears, Widget, Good Guys and Costco to name a few.
The all new Raptor Controller is the fastest controller available. It is 50% faster, more comfortable, and is fully programmable with a completely redesigned key structure. The new Raptor design comes with a unique feature set simply not available anywhere including an adjustable profile, hard play air flow, an independent LCD setup screen, sure track super play keys and precision engineering to reduce fatigue and eliminate carpal tunnel symptoms.
The new company will also receive over 20 patents and trademarks that are pending and all research technology in its nerve induction force feedback system, CrossPlay dual controller communication system and its new industrial pointers.
The Company is consolidating select products and technology in preparation for two stock-dividend spin-off transaction. The spin-offs are required to promote shareholder equity and attract expansion capital. Current CYHA stockholders will receive new stock, pro rata, in the newly formed spin-off companies. Neither CYHA nor the new spin-off companies will affect a reverse-split of its stock. Stockholders will retain their current shares and be issued new shares in two newly listed public companies.
Investors will be timely updated on the following:
-- Details on stock dividends dates and planned technology assets of the new spin-off companies. -- Details on major product launch by new spin-off company at national electronics convention. -- Details on full public stock registrations of the companies -- The CYHA's new strategic goals for 2009 and the acquisition of new biotech technology and new executive management -- New web site, corporate image, and published business plan focused on the company's new biotech acquisitions -- Full OTC Disclosure procedures and new company name and stock symbol
About Cyberhand Robotics
Cyberhand Robotics Corporation , a subsidiary of Cyberhand Technologies International Inc. is a new Company that consists of all the technology and intellectual property related to the development of an Ergonomic Computer Mouse and a line of Computer Game Controllers. The Company's controllers are 40% more responsive than competitor products. The markets for the Company's products are huge consisting of the Computer Peripheral market with over 600,000,000 users worldwide and the Computer Gaming Peripherals market estimated at $6 billion dollars in the U.S. alone with this market growing at the rate of 34% per year. To learn more, visit our web site at:
www.cyberhandrobotics.com
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's website version of this press release contains various RISK FACTORS (and are incorporated herein by reference) and should be read before any investment decision.
Source: Cyberhand Technologies, Inc.
