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Gold/Mining/Energy : CYBR - CyberCare, Inc. (Bulls Board)
CYBR 456.79-0.9%Jan 9 9:30 AM EST
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From: Tadsamillionaire8/30/2006 2:04:00 PM
   of 14
 
CyberCare Corporation Announces Update on CyberCare's Plan of Reorganization and Proposed Merger With U.S. Sustainable Energy Corporation
CyberCare, Inc. ("CyberCare," or "the Company") (PINKSHEETS: CYBR) and U.S. Sustainable Energy Corporation ("U.S. Sustainable") today provided the following update on CyberCare's Plan of Reorganization and the anticipated merger.

Confirmation of CyberCare's Plan of Reorganization has been delayed several times, and is now expected to occur in October 2006. Confirmation delays have hindered the company's ability to raise capital and implement the business plan of U.S. Sustainable. Accordingly, U.S. Sustainable has entered into an agreement to merge with Global Realty Development Corp. ("GRD") (OTCBB: GRLY).

Hence "Under the terms of the proposed merger between U.S. Sustainable and Global Realty, shareholders of record of CYBR as of August 15, 2006 will be issued one share of Global Realty for every five shares of CYBR beneficially owned on the record date."

The merger with Global Realty will be implemented in two steps, with the intent of preserving the CyberCare shareholder rights, and restoring the shareholders to their equity interest in U.S. Sustainable after completion of CyberCare's reorganization.
August 30, 2006 - 10:00 AM EST
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