Cyberhand Announces Its Pocketop Division Enters Into Letter of Intent to Merge With Public Company
Market Wire "US Press Releases "
CALGARY, AB -- (MARKET WIRE) -- 11/17/06 -- Cyberhand Technologies International Inc. (PINKSHEETS: CYHD), a design, marketing and distribution company providing new consumer electronic technologies using innovative ergonomic designs, today announced that its Pocketop International Division has entered into a Letter of Intent Agreement with an unnamed public company with respect to merging its operations with that company. The primary objective of the merger is to maximize the shareholder value of Cyberhand shareholders. The name of the public company and other details of the planned merger will be announced when the Agreement has been finalized.
"This merger will result in Pocketop's operations being separated from our other technologies allowing the true value of this investment to be realized by our valued shareholders," said Michael Burke, CEO of Cyberhand Technologies International Inc.
About Pocketop
Pocketop International Inc. is a leader in the design, manufacture and marketing of solutions for the mobile handheld device market. Pocketop's initial product -- the Pocketop Original Keyboard -- was the first wireless, portable, folding keyboard for the PDA market and the first to offer device compatibility with all major brands of PDAs. The keyboard is half the volume and weight of competing products and has traditional keyboard touch-type functionality. In addition to its core line of keyboards the Company has expended its line of products to include compatible accessories.
About Cyberhand
Cyberhand is a multi-divisional Company with activities in the computer peripherals market and in the development of high technology military weapons systems. Cyberhand is actively involved in developing a series of computer game controllers integrating hand movement which in turn permits a variety of control functions to be performed by a single left or right handed operation resulting in a significant increase in response times over competing products. In addition to the game controllers, the Company is also developing an ergonomic computer mouse product line that eliminates computer related respective stress injuries such as carpal tunnel syndrome. The Cyberhand mouse is ergonomically designed to reduce stress and structurally designed to fit in a hand and respond to every hand movement. Another of the Company's business units, CyLogic Aerospace, the Company's military arm, is involved in developing increasingly precise military weapons systems that significantly reduce carnage and injury in surrounding "strike" areas. Where applicable, products are patent protected in both Canada and the United States.
For more information about Cyberhand see the following website link: www.cyberhand.com
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended; such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from those in prior periods, and those projected in forward-looking statements.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact:
Cyberhand Technologies International, Inc. Corporate Information Michael Burke (403) 547-1712 Email Contact http://www.cyberhand.com
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13:39 04/05/2007 CYHD Cyberhand Technologies International, Inc. Common Stock CYHA Cyberhand Technologies International, Inc. Common Stock New 1-300 R/S **
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