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Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Fortune who wrote (13409)	7/16/1999 7:58:00 AM
From: Wayne Rumball	Read Replies (1) \| Respond to of 13776

hmmm, very strange. How can a company have 355K bad debts on 279K sales? I guess I'll label this one "scam alert" HAUPPAUGE, N.Y., July 16 /PRNewswire/ -- Cyber Digital, Inc. (OTC Bulletin Board: CYBD) announced today that during the year ended March 31, 1999 ("Fiscal 1999"), it made a strategic shift to enter the fast growing, lucrative high-speed Internet access market. Cyber Digital, Inc. has forged an alliance with AT&T Corporation ("AT&T") to provide high-speed Internet access and to create Virtual Private Networks (VPN) for businesses using Cyber's Internet Protocol (IP) Frame Relay based "broadband" technology. Cyber Digital, Inc. reported today revenues for Fiscal 1999 of $279,926 versus $66,110 for Fiscal; 1998. Loss from operations in Fiscal 1999 was $(2,187,413) or $(.13) per share as compared with $(2,042,667) or $(.12) per share in Fiscal 1998. Bad debt expense amounted to $355,012 in Fiscal 1999 versus $0 in Fiscal 1998. Net loss in Fiscal 1999 was $(2,761,812) or $(.16) per share as compared to a net loss of $(2,097,486) or $(.12) per share in Fiscal 1998. "We are extremely pleased to report an outstanding alliance with AT&T," stated J.C. Chatpar, Chairman of Cyber Digital. "We are committed to demonstrate successful execution of our new high-speed Internet access services business plan in alliance with AT&T. According to our agreement, AT&T will make its Internet backbone available to all commercial buildings that we mutually serve. We will build, operate and own the Internet facilities in such buildings using our proprietary Cyber Business Internet Gateway (CBIG) and Cyber Internet Access Network (CIAN). We believe that we are the first company to have signed such an agreement with AT&T." For more information, on our relationship with AT&T and our high-speed Internet access services, please visit our Web site cyberatt.com . Cyber Digital, Inc. designs, develops, markets and services its Internet Protocol (IP) Frame Relay infrastructure equipment, as well as advanced integrated packet and circuit digital switching equipment employing SS7 or C7 signaling for private and public switch voice network operators worldwide. This press release contains forward looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. The Company's actual results could differ materially from those projected in the forward-looking information. Further results may be impacted by risk factors listed from time-to-time in Cyber Digital's SEC reports and filings.