Cyber Digital, Inc. Details $26 Million NITEL Contract
Added: (Mon May 14 2001)
Pressbox (Press Release) -
Cyber Digital projects $0.52 EPS from sale of its digital voice and Internet switches
NEW YORK, May 14, 2001 - Cyber Digital, Inc. (OTC BB: CYBD), a leading manufacturer and software developer of wireless and landline digital voice and Internet switches announced today the details of its $26 Million contract with Nigerian Telecommunications Ltd. (NITEL).
Under the terms of the agreement Cyber Digital is contracted to install 10,000 voice lines using its proprietary digital voice switches. In addition, Cyber Digital is contracted to install its proprietary Internet systems consisting of 50 customer premise gateways, 50 IPSec firewall VPN systems and 2 high-performance routers for Internet service provision. These digital voice and Internet systems will be connected to fiber optic SONET equipment provided by Tellabs Denmark A/S (NasdaqNM: TLAB). Dunu Nigeria Limited, a local engineering company, has been appointed to assist in equipment installation to be completed by March 31, 2002.
Cyber Digital will generate net revenues of $21 million with a gross profit margin of 61% and a net income of $10.5 Million or $0.52 per share from this contract.
About Cyber Digital, Inc.
Cyber Digital, Inc., is a leading manufacturer and software developer of advanced integrated packet and circuit digital switching equipment, employing SS7 or C7 signaling, for private and public switched voice 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 distributive digital broadband and virtual private network (VPN) applications.
This press release contains forward-looking statements, pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially. The risks and uncertainties are detailed from time to time in Cyber Digital's SEC reports and filings.
Cyber Digital, Inc. has been profiled in The Stock Advisor Newsletter and is featured on The Stock Advisor website. Additional information about Cyber Digital, Inc. may be obtained by sending email to email@example.com, or visiting www.cyberdigitalinc.com or www.thestockadvisor.com .
Investor Contact: Corporate Contact:
The Stock Advisor, Inc. Sandeep Belani
Elizabeth Witkop AVP Finance
(843) 849 7960 (631) 231-1200
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