Heres an old PR from earlier this year showing how reversible these contracts are - i.e. with a nonreporting company they can get cancelled, signed, cancelled, resigned at any time to keep the PR machine spinning:
1/4/99
Story Filed: Monday, January 04, 1999 12:46 PM EST
CYBERFAST SYSTEMS, INC. ANNOUNCES CANCELLATION OF OPERATING AGREEMENTS
and Sale of One International Circuit
Summary link:
library.northernlight.com
HIGHLAND BEACH, Fla., Jan. 4 /PRNewswire/ -- Cyberfast Systems, Inc. (OTC Bulletin Board: CYSI), a publicly traded company, has announced that effective September 1, 1998, certain of its operating agreements in an Asian country, covering three (3) of its four (4) international circuits used for digital telecommunications, were terminated without notice. The Company also announced that in November it sold its Asia Participation in the remaining circuit for $835,000, which will represent the total of its revenues for the quarter ending 12/31/98. The Company has begun the installation of one (1) new high-speed circuit into a large eastern European city that is expected to be operational by early January and will have a second high-speed eastern European circuit installed and operational by the end of January. The installation of these two (2) circuits into eastern Europe will leave twenty (20) remaining circuits to be scheduled for future installation under the agreements as previously announced by the Company in its press release dated December 10, 1998.
The statements contained in this press release relating to the Company's expectations that one
of its new high-speed data circuits in Europe will be operational by early January, another
will be installed and operational by late January, and 20 additional circuits will be
installed in the future are forward-looking statements within the meaning of the Private
Securities Litigation and Reform Act of 1995. Some or all of the results anticipated by these
two circuits and the remaining 20 circuits scheduled for future installation not to occur as
anticipated are
(i) that the installations are to be made by third parties not subject to
direct control by the Company;
(ii) unexpected currency fluctuations;
(iii) the Company's failure to obtain the necessary financing;
(iv) regulatory developments in the countries to be serviced by the Company's new circuits.
01/04/99 /CONTACT: Edward Stackpole of Cyberfast Systems, Inc., 561-637-2716,
or fax, 561-637-2717/
(CYSI) CO: Cyberfast Systems, Inc. ST: Florida IN: TLS CPR SU:
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