WEST PALM BEACH, Fla., June 15, 2004 (PRIMEZONE) -- Proxity Digital Networks, Inc. (PinkSheets:PDNW) and Techsphere Systems International, Inc. announces Cyber Aerospace Corp., an operating subsidiary of Proxity's On Alert Systems, has received two contracts for airship services; one from a U.S. Government agency, another from the U.S. Navy.
Using the AeroSphere SA-60, Cyber Aerospace will provide the U.S. Government agency with testing and integration services for future airship uses. Test flights will take place at locations to be announced in the D.C. metropolitan area.
The U.S. Navy will utilize the SA-60 for technology tests and evaluation the week of June 28. The tests will demonstrate the significant capabilities of the Cyber airship to monitor activities on the ground while flying altitudes in excess of 5,000 feet.
The AeroSphere SA-60 is a low altitude airship manufactured by Techsphere Systems International, Inc. The SA-60 can be used for battlefield surveillance to monitor war zones and combat areas with multiple systems platforms. Cyber Aerospace holds the exclusive global government marketing rights to Techsphere's existing AeroSphere SA-60 and advanced airship designs.
About Proxity Digital Networks
Proxity Digital Networks, Inc. is a developmental holding company specializing in the deployment and marketing 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 acquiring a homogeneous Suite of 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.proxygen.com/36/Editorial.asp?aff_id=36&this_cat=Company
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 airships. 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 airships. 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 21st Century Air Ships of Canada, the Company will build unique airship designs. The airship design currently holds the world altitude record and ranges in price from $5 million for low altitude airships to $32 million for platforms that will be 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 those actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
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