Cyberfast Systems, Inc. Voluntarily Ceases Operations Of Circuits In Third-World Country
BOCA RATON, Fla., Oct. 5 /PRNewswire/ -- Cyberfast Systems, Inc. (OTC Bulletin Board: CYSI - news; the ''Company'') announced today that its current operational circuit in the Caribbean, which was generating revenue, had ceased operation on August 8, 1999. According to Edward Stackpole, Chief Executive Officer of Cyberfast, the Company, it voluntarily ceased operations in this country as a result of a change in administration within the country for a new more favorable contract option. The temporary loss of revenue should be offset by the addition of two new circuits scheduled for the October-November timeframe.
The Company provides state-of-the-art Voice Over Internet Protocol Telecommunications services from the United States to certain third world Countries where the Company's relationships and existing telecommunication rights provide a competitive advantage.
Certain statements contained herein are ''forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions, competition and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings.
SOURCE: Cyberfast Systems, Inc. |
