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"Our mission is to become the leading provider of: digital broadband products in the U.S., and digital voice switches to developing countries." - Jawahar C. Chatpar, Founder, Chairman of the Board, Chief Executive Officer and President If you ask a real estate agent what the three most important factors for success are, he will respond "location, location, location". When dealing in speculative investments that response can be changed to "timing, timing, timing". In the case of Cyber Digital, Inc. the time is now!
Cyber Digital, Inc. Expands Strategic Business Divisions - Cyber Digital (OTC BB: CYBD) is working with investment banks to obtain significant strategic funding for the expansion of three of its business divisions. Currently, investment banking firms are evaluating a non-dilutive approach to investing in three of Cyber Digital's strategic business divisions:
Cyber Digital's voice and data products are designed to meet the requirements for each of these proven business models. Cyber Digital's products are fully developed and field tested, therefore can be implemented immediately by voice and data service providers.
Cyber Digital is a leading manufacturer and software developer of advanced wireless digital voice switching systems for network operators worldwide. Cyber Digital is also a leading developer and provider of an array of ultra-high performance Internet Protocol (IP) infrastructure software and systems such as routers, gateways, firewalls and servers for next-generation local-loop digital broadband and virtual private network (VPN) applications. Beyond the Company's imminent expansion of its strategic business divisions, what makes now the time to invest in Cyber Digital is the proximity of payments from the Federal Republic of Nigeria on existing contracts. During fiscal year 2002, five Nigerian States selected the Company’s digital wireless telephone network to provide telephone and Internet systems to the Nigerian telecommunications market. Over the past year, Cyber Digital solidified its relationships with its Nigerian state government customers, ensuring its success in the untapped Nigerian telecommunications market. Cyber Digital’s sales of its wireless digital voice switches to these customers are expected to grow at a rate of 10,000 telephone lines every two years. The Company is anticipating payment on $79.6 million contract awards and firm commitments to supply 43,500 lines of wireless and fiber optic telephone exchanges throughout Nigeria, with contracted installment payments of cash-in-advance or through irrevocable confirmed letters of credit. Many aspects of Nigeria’s economy, including the telecommunications industry, remain well positioned for growth. In 2000, with a population of approximately 126.9 million, Nigeria hosted 200 thousand Internet users, with only 4.6 fixed lines and mobile telephones per one thousand people and 6.6 personal computers per one thousand people. (Source: International Telecommunication Union) "The Nigerian telecom market offers tremendous opportunity. We are pleased to have resolved the payment issues involved with our state government customers. Through the cooperation of our customers and partners we were able to conclude agreements, which benefit both our customers and ourselves. These agreements will enable our company to maintain profitability through fiscal year 2004, which will help to grow our business organically, while remaining debt free," said J.C. Chatpar.
As of 10/25/02 Cyber Digital was trading at $0.21. The Company forecasts to achieve earnings per share of $0.08 and $0.23 for fiscal year ending 2003 and 2004, respectively. Quarter Ending Fiscal Year
Ending
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6/02 9/02 12/02 3/03 3/03
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Revenue(a) $0 $1,063 $3,188 $5,313 $9,563
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EPS ($0.01) $0.01 $0.03 $0.05 $0.08
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(a) revenue in thousands of U.S. dollars
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Quarter Ending Fiscal Year
Ending
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6/03 9/03 12/03 3/04 3/04
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Revenue(b) $7,438 $7,438 $10,625 $11,688 $37,188
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EPS $0.05 $0.05 $0.06 $0.07 $0.23
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(b) revenue in thousands of U.S. dollars
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We place Cyber Digital in the Communications Equipment industry of the Technology sector. Applying the appropriate P/E ratios, Cyber Digitals target prices are:
The target prices above exclude future revenues from Cyber Digital’s domestic Homeland security and Virtual Private Network (VPN) divisions.
Cyber Digital is positioned to realize substantial revenues. The Company's efforts in Nigeria are about to reach fruition from which we foresee a significant increase in shareholder value. Add to this the Company's efforts to obtain significant strategic funding for the expansion of three of its business divisions and the potential of Cyber Digital is apparent. Based on the Company's latest guidance and the projected numbers, now is the time to invest in Cyber Digital. Once the Company begins reporting the Nigerian revenues the opportunity to see the returns on investment we target above will be missed.
Cyber Digital, Inc. For shareholder account information, contact the transfer agent:
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