CGPN news....
November 01, 2000 03:32
The Cyber Group Network Corp. Confirms The Development
of World's First-Ever Electronic Snitching Device -- E-Snitch
SAN BERNARDINO, Calif.--(BUSINESS WIRE)--November 1, 2000--
CyberCrime Corp. a Wholly Owned Subsidiary of The Cyber Group
Network Corp. Unveils First-Ever, Recently-Announced
Electronic Security Device, And Provides Demonstration
Via Webcast And At COMDEX Fall 2000
The Cyber Group Network Corp (OTCBB:CGPN), Wednesday announced that CyberCrime
Corp. a wholly owned subsidiary of The Cyber Group Network Corp. confirms the
development of the Electronic Snitching Device -- E-Snitch (formerly C-4 Chip), and unveils
the capabilities of the World's first-ever E-Snitch device to investors, reporters, computer
manufacturer companies, and other interested individuals via webcast Presentation and
conference.
According to statistics generated by Safeware's Loss Studies, over $1.9 billion dollars worth
of computer losses in the year 1999, an increase of $1 million dollar loss in 1998. Of the
$1.9 billion dollars of computer losses, 43% (346,000 units) were due to theft alone. Based
on these rising statistics, CyberCrime Corp. confirms the anticipated distribution period of
Version 1 E-Snitch Device to be in 1st quarter, 2001 as stated in the July 10, 2000 press
release, and verifies that the E-Snitch device will be able to locate technology and various
types of equipment as well as protect and retrieve data.
Version 1 -- Electronic Snitching Device (E-Snitch):
The Company will be releasing several versions of the Electronic Snitching Device (E-Snitch)
throughout the next year. Version 1 will be demonstrated at COMDEX Fall 2000 and will
feature the following:
Tracking Device -- Ability to track missing or stolen computers
Data Retrieval -- Ability to transfer selected files and data over wireless network
Secure Messaging -- Ability to send and receive encrypted messages
File Destruction -- Ability to destroy single and multiple data files on command
Audible Alarm -- On command will release a high pitch piercing sound alarm, which will bring
attention to the device
Beacon -- Sends out a beacon sound to track E-Snitch
Dimensions of Electronic Snitching Device (E-Snitch):
E-Snitch Demo -- 6 X 4 X 1.25 E-Snitch Actual - 6 X 3 X .25
Electronic Snitching Device (E-Snitch) at COMDEX Fall 2000
The company will be displaying Version 1 Electronic Snitching Device (E-Snitch) via
audio/visual demonstrations and will be followed up with a question and answer section, and
will take place at the beginning of every exhibiting hour at COMDEX Fall 2000.
Demonstrations will include tracking the device and retrieving information off the computer.
The E-Snitch unit will be larger than the final product to be released first quarter, 2001.
COMDEX Fall 2000 Information:
Las Vegas Convention Center November 13 - 17th, 2000 South Hall, Level 5 Booth Number:
L7873 Exhibiting Hours LVCC: Monday - 10:30 - 5:00 pm Tuesday - Thursday - 10:00 - 5:00
pm Friday - 10:00 - 4:00 pm
Situational Analysis:
1. CyberCrime Corp. consumer reports missing/stolen computer or technology device.
2. CyberCrime Corp. agents offer several resolution options.
-- Track the device
-- Activate high pitch piercing alarm system
-- Destroy single and multiple data files on command
-- Transfers selected files and data via unique wireless network
-- Notify authorities
WebCast Presentation and Conference For Electronic Snitching Device (E-Snitch)
The Company will host a real-time webcast presentation and live conference call. The
webcast and conference call, Thursday, November 9, 2000 will begin at 10:00 a.m. Pacific
Standard Time and will last approximately four hours. Gregory D. Evans, Chief Research and
Development Officer and Randolph Morris, Assistant Director of Research and Development
will discuss the functionality, capabilities and features of the E-Snitch device. Thomas
Hobson, President and Nisha Kapoor, Director of Public & Investor Relations will be also be
available for questions concerning the Company.
To access the live webcast presentation, visit www.cybercrimecorp.com. To access the
conference call, please dial (888) 376-5143 (U.S.A. and Canada). International callers may
dial (706) 634-5195. Replay will be available at www.cybercrimecorp.com.
Nisha Kapoor. Spokesperson for the Company, states, "We are excited about the
development of E-Snitch (formerly C-4 Chip). The E-Snitch device will combine security, theft
deterrence, and enhance user confidence in having the best possible data retrieval option
currently available."
For more information about Electronic Snitching Device (E-Snitch), please visit our website
at www.cybercrimecorp.com.
Safe Harbor Statement:
The foregoing statements regarding the functionality of the Electronic Snitching Device
(E-Snitch) are forward looking within the meaning of the Private Securities Litigation Reform
Act of 1995. Such statements are based on management's current expectations and actual
results could differ materially. Factors that could affect the Company's business include: the
functionality, features of the device.
Webcast Statement:
The conference call and webcast will be simultaneously recorded on behalf of The Cyber
Group Network Corp. and its wholly owned subsidiary CyberCrime Corp. and consists of
copyrighted material. They may not be re-recorded, reproduced, retransmitted or rebroadcast
without the Company's expressed written permission. Your participation represents your
consent to these terms and conditions, which are governed under California Law. Your
participation on the call also constitutes your consent to having any comments or
statements you make appear on any transcript or broadcast of this call.
About CyberCrime Corp:
Cyber Crime Corporation is comprised of specialists in the areas of ex-computer hacking,
hi-tech theft, private investigation and law enforcement committed to educating, informing,
and assisting consumers, businesses, and organizations on how to detect, prevent, and
defend systems against Hi-Tech Hustlers.
About the Company:
The Cyber Group Network Corp. is a technology company with the three main goals of
Computer Security Technology, Patented Public Internet Access Devices, and Acquisitions
of Internet, Communications and Financial Service Sector Industries to expand its
resources. For more information about the company, visit our Web site at
www.thecybergroup.net.
CONTACT: The Cyber Group Network Corp., San Bernardino, CA
Nisha Kapoor, Director Public & Investor Relations
Toll Free: (866) 660-CGPN
Phone: (909) 370-4752
Fax: (909) 370-4754
Email: nkapoor@cybergroupnetwork.com
and
www.thecybergroup.net
www.cybercrimecorp.com
www.bigtarget.com
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