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Proxity Announces Dividend Date
ST. PETERSBURG, Fla., Oct 25, 2005 (BUSINESS WIRE) -- Proxity, Inc. (Pink Sheets: PRXT), a development stage holding company, specializing in the deployment and integration of security protection technology and government contract fulfillment, is announcing a stock dividend to its shareholders. The stock that will be distributed among holders of Proxity will be shares of the recent spin off Cyber Defense Systems (OTCBB: CYDF). For every 500 shares of Proxity that a shareholder possessed as of the record date November 15, 2005, the holder will receive one share of Cyber Defense Systems. The 500:1 dividend is a vital step in melding the shareholders of the two entities together in order to bring additional value to Proxity. Proxity recently formed PECS or Proxity Electronic Commerce Systems to continue to enhance the value of its shares through new business opportunities. Management plans to distribute the remaining 18,250,000 CYDF shares on a quarterly basis with amounts and dividend dates to be announced in the future.
Billy Robinson, CEO of Proxity Inc. states, "This stock dividend is our way of saying "thank you" to our long-time shareholders, while at the same time enhancing the liquidity of Cyber Defense's public "float" shares in the market. We at Proxity believe that any success brought to our business through our relationship with Cyber Defense Systems, should also be enjoyed by our loyal shareholders."
ABOUT PROXITY
Proxity, Inc. is a developmental holding company specializing in the deployment and marketing of security protection technology and government contract fulfillment. With 18,250,000 shares remaining after dividend 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 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.
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.
SOURCE: Cyber Defense Systems, Inc.
CONTACT: Proxity, Inc. Cyber Defense Systems, Inc. Techsphere Systems International, Inc. Billy Robinson, 727-577-0878 billy*proxity.com or TTC Group, Inc Victor Allgeier, 212-227-0997
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