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Proxity And Cyber Defense's Shareholder Meetings
SecurityProNews
Staff Writer
2004-11-05
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Proxity Digital Networks and Cyber Defense Systems announced their year end shareholder meetings to be held jointly on December 16, 2004 at 12:00 PM, at Cyber Defense's Global Headquarters in St. Petersburg, FL.
Year to date financial results, recent positive developments and demonstrations of the companies products lines will be held at the meeting. Shareholders of record on November 1, 2004 are also being asked to change the name of Proxity Digital Networks, Inc. to Proxity, Inc.
The company will showcase the low cost CyberBug, a 2 lb. micro-mini UAV. When fully developed, the Armed Forces, law enforcement, business owners, and State and local agencies could use the CyberBug to monitor properties and targets of terrorism as well as assist law enforcement around the globe. The CyberScout will also be demonstrated. The CyberScout is a 10 lb. a VTOL UAV that is designed to carry a wide array of cameras, sensors, weapons, and instruments that can perform surveillance capability in remote or dangerous locations, operate innovative reconnaissance, advanced video surveillance, and target acquisition.
The company has made tremendous progress with the development of it new products and the recent successes of the Techsphere Systems International, LLC (TSI) airship line. We plan to demonstrate the capabilities of both of our UAV's and show flight footage of the TSI SA 60 flight evaluations by the Navy at Captain Walter Francis Duke Regional Airport in Hollywood, St. Mary's Md. in June. Financial results as well as the new four year forecast will also be presented at the meeting. The recent merger of Cyber Defense, the reduction of debt, increased operating revenues as well as current valuations will also be discussed. With Proxity's change from an operating company to a holding company through its 18,750,000 share ownership in Cyber Defense, the proposed name change more accurately shows Proxity in the right place at the right time. Upon shareholder approval a new stock symbol and certificates will be issued after current shareholders turn in their existing certificates. Shareholders are being asked to vote on a number of issues that will affect the company's future.
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SecurityProNews is a daily online and email publication focusing on internet security issues.
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