Proxity, Inc. Announces Its Intention to Award Its Shareholders Shares of Cyber Defense System
ST. PETERSBURG, Fla.
Proxity, Inc.
Investor Contact:
Equitilink LLC
Andy Arms, 877-788-1940
International or local: 858-824-1940
www.equitilinkpr.com
or
Emerson Gerard Associates, Inc.
Media Contact:
Jerry Jennings, 561-881-7318
mediareply@emersongerard.com
www.emersongerard.com
Proxity, Inc. (Pink Sheets:PRXT) announces its intention to dividend to its holders of record shares of Cyber Defense Systems, Inc. (OTCBB:CYDF). For each 500 shares of Proxity held on the record date, it will dividend one share of Cyber Defense. The approximate distribution will be an aggregate of 560,000 shares. Cyber Defense has agreed to register the shares under the Securities Act of 1933. The dividend record date will be determined once the SEC approves the registration statement including the dividend shares. Proxity currently owns 18,750,000 shares of Cyber Defense and expects to retain 18,190,000 shares after the dividend has been distributed.
Billy Robinson, Proxity, Inc. Chairman of Board states, "This dividend is a reward to all our patient long term shareholders who have stayed with us through the years. The Company, its subsidiary and products are quickly getting industry and marketplace recognition. We anticipate declaring additional dividends as awareness of CYDF grows and allows for future liquidity. We want to thank those that have supported us during our early growth by distributing shares to them in our exciting subsidiary Cyber Defense Systems."
About Cyber Defense Systems
Cyber Defense Systems, Inc. is designing and building a new generation of UAV's. Cyber Defense also has the global government and military marketing rights to Techsphere Systems International LLC's Spherical and Semi-spherical airships. Cyber Defense is currently marketing the airships and their CyberBug(TM) UAV's 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. cyberdefensesystems.com
About Proxity
Proxity, Inc. is a developmental holding company specializing in the deployment and marketing of security protection technology and government contract fulfillment. With 18,750,000 shares in CYDF, Proxity is the Company's majority shareholder. Proxity seeks to acquire and develop security technology. The Company plans to enter into teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for commercial, military and homeland defense. proxity.com
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. |
