 |
Proxity Announces
Dividend Date
Tuesday October 25, 6:30 am ET
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Oct. 25, 2005--Proxity,
Inc. (Pink Sheets: PRXT - News), a development stage holding
company, specializing in the deployment and integration of
security protection technology and government contract fulfillment,
is announcing a stock dividend to its shareholders. The stock
that will be distributed among holders of Proxity will be
shares of the recent spin off Cyber Defense Systems (OTCBB:
CYDF - News). For every 500 shares of Proxity that a shareholder
possessed as of the record date November 15, 2005, the holder
will receive one share of Cyber Defense Systems.
The 500:1 dividend is a vital step in melding the shareholders
of the two entities together in order to bring additional
value to Proxity. Proxity recently formed PECS or Proxity
Electronic Commerce Systems to continue to enhance the value
of its shares through new business opportunities. Management
plans to distribute the remaining 18,250,000 CYDF shares on
a quarterly basis with amounts and dividend dates to be announced
in the future.
Billy Robinson, CEO of Proxity Inc. states, "This stock
dividend is our way of saying "thank you" to our
long-time shareholders, while at the same time enhancing the
liquidity of Cyber Defense's public "float" shares
in the market. We at Proxity believe that any success brought
to our business through our relationship with Cyber Defense
Systems, should also be enjoyed by our loyal shareholders."
ABOUT PROXITY
Proxity, Inc. is a developmental holding company specializing
in the deployment and marketing of security protection technology
and government contract fulfillment. With 18,250,000 shares
remaining after dividend in CYDF, Proxity is a major shareholder.
Proxity seeks to acquire and develop both internet based business
opportunities and security technology. The Company plans to
enter into developmental, teaming and exclusive and nonexclusive
marketing and distribution agreements with products developed
for Government, commercial, military and homeland defense
areas. http://www.proxity.com. (PinkSheets:PRXT - News).
ABOUT CYBER DEFENSE SYSTEMS
Cyber Defense Systems, Inc. is designing and building a new
generation of UAV's. Cyber Defense is currently marketing
the airships and their CyberBug(TM) UAV's to various branches
of the U.S. government and U.S. allies as multi-use platform
vehicles capable of deployment in surveillance and communication
operations. Cyber Defense Systems, Inc. http://www.cduav.com
(OTCBB: CYDF - News).
ABOUT TECHSPHERE SYSTEMS INTERNATIONAL
Techsphere Systems International, Inc., a wholly owned subsidiary
of Cyber Defense is located in Atlanta and Columbus, GA, is
the manufacturer of low, mid and high altitude airships. Together
with their teaming companies, Techsphere will design and build
unique airship platforms for use in many areas including surveillance,
the military and wireless communications. The current spherical
airship design holds the world altitude record at over 20,000
feet. http://www.techsphere.us.
This release contains statements that constitute forward-looking
statements. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of the Company, its directors or its officers
with respect to, among other things: (i) the Company's financing
plans; (ii) trends affecting the Company's financial condition
or results of operations; (iii) the Company's growth strategy
and operating strategy; and (iv) the declaration and payment
of dividends. The words "may," "would,"
"will," "expect," "estimate,"
"anticipate," "believe," "intend,"
and similar expressions and variations thereof are intended
to identify forward-looking statements. Investors are cautioned
that any such forward-looking statements are not guarantees
of future performance and involve risks and uncertainties,
many of which are beyond the Company's ability to control
and those actual results may differ materially from those
projected in the forward-looking statements as a result of
various factors.
Contact:
Proxity, Inc.
Cyber Defense Systems, Inc.
Techsphere Systems International, Inc.
Billy Robinson, 727-577-0878
billy@proxity.com
or
TTC Group, Inc
Victor Allgeier, 212-227-0997
Source: Cyber Defense Systems, Inc.
|
|
|
Disclaimer:
All material herein is information supplied by the company or
other sources believed to be reliable. The information contained
herein is not guaranteed by TheNewsGate.com to be accurate,
and should not be considered to be all-inclusive. The companies
that are discussed in this profile have approved the statements
made in this profile. This profile contains forward-looking
statements that involve risks and uncertainties. Statements
in this press release about the company's future expectations,
including: development of licensing and branding and all other
statements in this release, other than historical facts, are
"forward-looking statements" within the meaning of
section 27A of the Securities Act of 1933, section 21E of the
Securities Act of 1934, as that term is defined in the Private
Securities Reform Act of 1995. It is important to note that
actual results and ultimate corporate actions could differ materially
from those in such forward looking statements. Such "forward-looking
statements" are subject to risks and uncertainties set
forth from time to time in the Company's SEC reports. This material
is for informational purposes only and should not be construed
as an offer or solicitation of an offer to buy or sell securities.
TheNewsGate.com is not a licensed broker, broker dealer, market
marker, investment advisor, analyst or underwriter. Please consult
a broker before purchasing or selling any securities viewed
on http://TheNewsGate.com/ TTC Group has received $10,000 of
a $60,000 agreement from CYDF. An additional $50,000 is due
TTC Group over the next five months. TheNewsGate.com has received
$5,000 for investor relations services from TTC Group. An additional
$25,000 is due TheNewsGate.com over the next five months for
investor relations services from TTC Group. TTC Group and/or
TheNewsGate.com's affiliates, officers, directors and employees
may have bought or may buy the shares discussed in this profile
and may profit in the event those shares rise in value. TheNewsGate.com
does not and will not offer any opinion as to when others should
sell; each investor must make that decision based on his or
her judgment of the market.
|
|
