Cyber
Defense Systems Reports Successful Demonstration at Recent
Industry Events and Announces Trade Show Schedule for the
Remainder of 2005
ST. PETERSBURG, Fla., Jun 30, 2005 (BUSINESS
WIRE) -- Cyber Defense Systems, Inc (OTCBB: CYDF), a designer
and developer of next generation unmanned aerial vehicles
(UAV''s), has recently returned from a successful showing
at the Paris Air Show and has once again impressed observers
with their CyberBug(TM) surveillance UAV.
Cyber Defense displayed three sizes of the
CyberBug(TM), as well as the vertical take off and landing
(VTOL) CyberScout(TM) during the third unmanned aerial vehicle
air show at Webster Field in front of nearly 5,000 people,
including Secretary of the Army Francis J. Harvey and U.S.
Rep. Steny H. Hoyer (D-Md.).
The military has come to rely on unmanned
aerial vehicles (UAV''s) for reconnaissance and attack missions,
helping to alleviate loss of life in Afghanistan and Iraq.
"The Defense Department has spent $1 billion since 2000
to research aerial drones," stated Deputy Assistant Secretary
of Defense Thomas J. Kuster.
The CyberBug(TM) was utilized as a surveillance
vehicle at the 12th Annual Southern Maryland "Blessing
of the Bikes" event, held at the Charles County Fairgrounds
in La Plata, MD. This event is often viewed as an annual curse
by local law enforcement. The light-weight UAV provided aerial
video to officers on the ground, readily alerting them to
crowd activities, accidents, and other disturbances in the
area. The UAV''s capabilities helped alleviate the pressure
commonly felt by law enforcement when monitoring this event.
Cyber Defense''s UAV''s have capabilities for both law enforcement
and military applications.
The Washington Post highlighted the use of
the CyberBug(TM) by the Charles County law officials and the
role it played at the Baltimore air show in the June 28th
edition.
(http://www.washingtonpost.com/wp-dyn/content/article/2005/06/27/AR2005062701643.html).
(Due to its length, the preceding URL may need to be copy/pasted
into your internet browser''s address field.)
Captain Michael Wyant of the Charles County
Sheriff''s Office saw a multitude of applications for use
of the CyberBug(TM) with law enforcement. "It''s certainly
something of great interest to us," Wyant said. "It''s
really cutting-edge right now."
The tremendous feedback Cyber Defense Systems
has received in response to the CyberBug(TM) capabilities
and applications has encouraged the Company to participate
in two trade shows in Britain in September. Later in the year
the Company also plans on attending the Mid-East Air Show
in Dubai, as well as the Unmanned Vehicle Show with UVS in
November. This show coincides with the International Chiefs
of Police show.
Barry Nelson, Vice President of Sales for
Cyber Defense said, "Coming off a great show experience
at the Paris Air Show and the UAV conference in Baltimore,
we intend to participate in other shows to acquire new international
sales distributors for the CyberBug(TM) product line. The
show in Paris brought many new prospects for our distribution
program and we want to continue to attract additional resellers
as we ramp up manufacturing."
About Cyber Defense Systems:
Cyber Defense Systems, Inc. is a designer
and developer of next generation of UAV''s. Cyber Defense
also has the exclusive global government and military marketing
rights to Techsphere Systems International LLC Spherical and
Semi-spherical airships. 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. http://www.cduav.com
Cyber Defense Systems, Inc. (OTCBB: CYDF)
is an operating subsidiary of Proxity, Inc. (Pink Sheets:
PRXT).
About Proxity:
Proxity, Inc. is a developmental holding company
specializing in the deployment and marketing of security protection
technology and government contract fulfillment. With 18,750,000
shares in CYDF, Proxity is the Company''s majority shareholder.
Proxity seeks to acquire and develop security technology.
The Company plans to enter into teaming and exclusive and
nonexclusive marketing and distribution agreements with products
developed for commercial, military and homeland defense. http://www.proxity.com.
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.
SOURCE: Cyber Defense Systems, Inc
CONTACT: Cyber Defense Systems, Inc
Billy Robinson, 727-577-0878
billy@cduav.com
or
TTC Group, Inc
Victor Allgeier, 212-227-0997
Info@ttcominc.com
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