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Cyber
Defense Systems commences shipment of Unmanned Aerial Vehicles
(UAVs)
ST. PETERSBURG, Fla., Aug 15, 2005 (BUSINESS
WIRE) -- Cyber Defense Systems, Inc. (OTCBB:CYDF),a designer
and developer of next generation unmanned aerial vehicles
(UAV''s) and an operating subsidiary of Proxity, Inc. (Pink
Sheets: PRXT), today announced it has begun shipment of the
CyberBug(TM) to both US and international distributors as
well as unnamed government entities as part of the initial
sales announced over the last several months. The CyberBug(TM)
is one of the most cost-effective UAV''s on the market today,
capable of being launched in winds speeds in excess of 25
miles and hour and can provide the GPS coordinates of hostile
or problem areas, facilitate line-of-sight communications,
as well as provide day or night surveillance of remote areas.
The shipment represents the first several
contracts currently in place. Through outsourcing current
production the CyberBugs(TM) will be 20 units a month beginning
October 1, 2005 with the ability to ramp up as business demands.
The current initial orders will deliver units to be tested
at exercises through out the world.
Billy Robinson, CEO of Cyber Defense Systems
commented, "We are very pleased to have begun shipment
of the CyberBug(TM) to our distributors and the various government
agencies. This order reinforces Cyber''s leadership in the
small Unmanned Aerial Vehicle markets and we look forward
to ramping up sales and marketing efforts around the world."
About Cyber Defense Systems:
Cyber Defense Systems, Inc. is designing and
building a new generation of UAV''s. Cyber Defense also has
the 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.cyberdefensesystems.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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