Cyber Digital, Inc. Voluntarily Files Form 15 to Delist From OTC Bulletin Board

Fri Jul 10, 2009 3:55pm EDT
 
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HAUPPAUGE, N.Y., July 10, 2009 (GLOBE NEWSWIRE) -- Cyber Digital, Inc.
(OTCBB:CYBD), a developer of communications systems, announced today that it has
voluntarily filed a Form 15 with the SEC to delist the common shares of the
company from the OTC Bulletin Board. The company hopes that its shares will be
traded on the OTC Pink Markets. This trading venue will relieve the company from
very costly mandatory reporting requirements of the SEC, which the company is
unable to afford.

Cyber Digital was and is in good standing with the SEC, being current with all
of its required filings. However, relief from the reporting requirements will
save the company substantial amount of management time and will substantially
reduce professional fees on a quarterly and annual basis.

"Given the current trading volume of the company's common stock, the expenses
related to compliance and reporting requirements for OTCBB listing could be
re-directed to better use growing our business, especially when we are greatly
under-capitalized," stated J.C. Chatpar Chairman and CEO of Cyber Digital, Inc.

About Cyber Digital, Inc.

Cyber Digital, Inc. is a designer, software developer and manufacturer of
proprietary advanced distributed digital voice switches and high-performance
Internet Protocol (IP) broadband systems, such as soft-switches, routers,
gateways, firewalls and servers for network operators worldwide. It also
provides communications services through its subsidiary to small businesses and
residential subscribers. For more information, visit www.cyberdigitalinc.com

Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" for purposes of the
Private Securities Litigation Act of 1995 that involve risks and uncertainties.
There can be no assurances that forward-looking statements will be achieved, and
actual results could differ materially from the events or results predicted by
such statements. Investors should refer to important risk factors that could
cause actual events or results to differ materially, which are discussed in
greater detail in Cyber Digital's filings with Securities and Exchange
Commission.

-0-
CONTACT:  Cyber Digital, Inc.
          J.C. Chatpar
          (631) 231-1200
          investors@cyberdigitalinc.com

 

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