WEST PALM BEACH, Fla.--(BUSINESS WIRE)--April 28, 2004--Cyber Aerospace Corp., the operating subsidiary of On Alert Systems, Inc., a Proxity Digital Networks, Inc. subsidiary (Pink Sheets:PDNW - News) notes a recent article about team member Techsphere Systems International has gained national media attention for the Companys airship project.
http://www.nytimes.com/aponline/science/AP-Eyes-in-the-Sky.html
The article appeared in the press the last two days and states:
Interest in airships has become more popular over the years
Airships could be used to protect areas from terrorists and missile attacks, watch weather developments and perhaps even provide wireless telephone service to developing nations
Advocates argue airships are cheaper than satellites and manned reconnaissance aircraft and would fill a gap between the two
Proxity Digital Networks, through Cyber Aerospace, currently markets to the military two of Techspheres unconventional multi-use airships still in development.
About Proxity Digital Networks
Proxity Digital Networks, Inc. is a developmental holding company specializing in the deployment and integration of security protection technology and government contract fulfillment. The Company seeks to acquire and develop security technology. Proxity plans to enter into teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for commercial, military and homeland defense.
www.proxity.com
About On Alert Systems
On Alert Systems, Inc. is a wholly owned subsidiary of Proxity Digital Networks. On Alert plans to acquire the marketing rights to offensive and defensive security technologies supporting a full line of interoperable protection disciplines. By integrating a homogeneous Suite of Integrated Security Products through teaming and licensed marketing and distribution agreements, the Company plans to introduce the new product line to multiple markets. Though exclusive global licenses, On Alert has also licensed a developing system that uses acoustical and ultrasonic means to sense and evaluate activity pertinent to law enforcement, security and defense industries. Their prospective clients all share the need for enhanced security, mobile communication platforms and increased surveillance capabilities.
www.onalertsystems.com
About Cyber Aerospace Corp.
Cyber Aerospace Corp. is assembling a team of military experts, aerospace and composite engineers to design and build a new generation of UAVs known as Individual Unmanned Air Scouts (IUAS). The Company will develop VTOL mission specific and scalable designed IUAS. Cyber Aerospace plans to market the airships as multi-use platform vehicles deployed in surveillance and communication operations, and capable of target acquisition. Cyber Aerospace will provide engineering support and systems integration for the IUAS. Proxity's subsidiaries will market the airships to various branches of the U.S. government and our allies.
www.cyberaerospace.com
About Techsphere Systems International, Inc.
Techsphere Systems International, Inc. is a manufacturer of low, mid and high altitude airships. Working in concert with 21st Century Air Ships of Canada, the Company builds unique airship designs and currently holds the world altitude record. Prices range from $5 million for low altitude airships up to $32 million for platforms stationed at 65,000 feet.
www.techspheresystems.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 that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Contact:
Proxity Digital Networks, Inc.
Billy Robinson, 504-524-5425
Fax: 504-524-5424
www.proxity.com
or
On Alert Systems Inc., Tulsa
Tel: 918-493-2069
Fax: 918-493-6234
www.onalertsystems.com
or
Cyber Aerospace Corp., West Palm Beach
Tel: 561-624-2918
Fax: 561-694-0712
www.cyberaerospace.com
or
Techsphere Systems International, LLC
Mike Lawson, 404-446-2200
mlawson@techspheresystems.com
or
Media Contact:
Emerson Gerard Associates
Jerry Jennings, 561-881-7318
Fax: 603-806-8508
mediareply@egaplus.com
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