CDC Systems Responds to New York Post Online Article
Business Editors
DALLAS--(BUSINESS WIRE)--Oct. 12, 2004--The following is a
statement from CDC Systems (Pink Sheets:CPYJ) in response to an
article in the "New York Post" Online Edition.
Its been brought to our attention that on October 11, 2004 an
article was circulated by Christopher Byron of the "New York Post"
Online Edition.
In this article Christopher Byron made several statements
concerning CDC Systems out of ignorance. Out of ignorance because at
no time did Christopher Byron contact CDC Systems to obtain the
information for which he bases his article.
The CDC Systems compressor design has been in service in the field
producing real results that can be documented. CDC Systems compressors
have been able to realize an average production increase of 40% to
90%, and in some cases as much as 200% or better. These are real
results produced from a real product in an environment with a real
need.
CDC Systems has real compressors in service in the field and has
received real interest from major companies interested in employing
these compressors. Generally with many agreements with large
companies, they contain many clauses. One such clause is the
restriction of information that can be released about the company,
like the company's name. Some of CDC Systems agreements are confirmed
orders for compressor systems while others are orders for test
systems. These test orders are to be followed up with confirmed orders
when an agreed favorable production increase is realized.
CDC Systems is a new company and probably hasn't migrated through
all databases. CDC Systems was formed to unite several entities in a
joint effort to enter the public forum and become a stronger company
with a singular vision. CDC Systems chose to enter the public venue
through a Pink Sheet IPO to raise operating capital while continuing
to organize itself for the future.
In the coming months CDC Systems hopes to become a reporting
company for two reasons: to give greater visibility to its investors
and graduating to a higher exchange. Until this time CDC Systems
stands firmly behind its press releases and its product.
As to Christopher Byron's comments linking Patrick Arnett and CDC
Systems, Patrick Arnett only assists the company in the construction
and release of the company's press releases and is the contact person
for questions relating to the company's stock, nothing more.
--30--EB/ho*
CONTACT: For CDC Systems Inc.:
Patrick Arnett, 281-999-7721
KEYWORD: TEXAS
INDUSTRY KEYWORD: OIL/GAS ENERGY
SOURCE: CDC Systems Inc.
Copyright Business Wire 2004
Oct-12-2004 20:01 GMT
Symbols:
US;CPYJ
Source BW Business Wire
Categories:
MST/I/OIL MST/I/OIS MST/L/EN MST/R/US/TX TGT/BWN
