CYDF News Techsphere Signs Exclusive Advertising Licensing Agreement with 21st Century Airships, Inc. Technology
ATLANTA--(BUSINESS WIRE)--Oct. 5, 2005--Cyber Defense Systems, Inc., (OTCBB: CYDF - News), a designer and developer of next generation unmanned aerial vehicles (UAV's), and its wholly-owned subsidiary, Techsphere Systems International, Inc. (TSI), a designer, developer and manufacturer of manned and unmanned airships, announced today the signing of a Advertising License Agreement between Techsphere Systems International, Inc. and 21st Century Airships, Inc.
This agreement grants Techsphere Systems International, Inc. a worldwide exclusive license from 21st Century Airships, Inc. to manufacture "commercial advertising" semi-spherical airships.
"This Agreement broadens our core global business opportunities with the low altitude Airship," said Mike Lawson, President of Techsphere Systems International. "In the very near future you will see floating soccer balls such as the recent demonstration in Canada and featured on the Discovery Channel; http://www.exn.ca/dailyplanet/view.asp?date=9/13/2005. There could be multiple products envisioned such as baseballs, tennis balls, basketballs, golf balls, footballs and other unique shapes," added Mr. Lawson.
ABOUT CYBER DEFENSE SYSTEMS
Cyber Defense Systems, Inc. is designing and building a new generation of UAV's. 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. Cyber Defense Systems, Inc. http://www.cduav.com (OTCBB: CYDF)
ABOUT TECHSPHERE SYSTEMS INTERNATIONAL
Techsphere Systems International, Inc., a wholly owned subsidiary of Cyber Defense is located in Atlanta and Columbus, GA, is the manufacturer of low, mid and high altitude airships. Together with their teaming companies, Techsphere will design and build unique airship platforms for use in many areas including surveillance, the military and wireless communications. The current spherical airship design holds the world altitude record at over 20,000 feet. http://www.techsphere.us
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 a major shareholder. Proxity seeks to acquire and develop both internet based business opportunities and security technology. The Company plans to enter into developmental, teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for Government, commercial, military and homeland defense areas. http://www.proxity.com. (PinkSheets: PRXT).
About 21st Century Airships Inc.
21st Century Airships Inc., located in Newmarket, Ontario, Canada is a Research and Development company for lighter-than-air crafts. Founded in 1988, its objective is to improve traditional airship technology and develop modern airships for various applications. The company's R&D activities have resulted in a considerable number of significant inventions and patents. http://www.21stcenturyairships.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.
