Cyber Digital Outlines Recent Acquisitions and Subsidiaries
Cyber Digital Inc. (OTCBB: CYBD) announced today that it formed two wholly-owned subsidiaries in December 2006 for the sole purpose of acquiring two competitive local exchange carriers (CLEC) namely New Rochelle Telephone Corp. and Telecarrier Services Inc. These subsidiaries are named CYBD Acquisition Inc. and CYBD Acquisition II Inc. Under Cyber Digital, as a parent company, CYBD Acquisition Inc. entered into an agreement to acquire New Rochelle Telephone and CYBD Acquisition II Inc. entered into an agreement to acquire Telecarrier Services. These acquisitions will be treated as separate business units of Cyber Digital to have minimal integration issues. Their current…