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CY

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:CY TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Cybersurf Corp. Notice of Default Update

14/11/2008 10:46pm

Marketwired Canada


Cybersurf Corp. (TSX VENTURE:CY) (the "Corporation"), was unable to file its
audited financial statements and other material for the fiscal year ended June
30, 2008 (the "Financial Statements") by the October 28, 2008 deadline set forth
in National Instrument 51-102-Continuous Disclosure Obligations. A Management
Cease Trade Order was issued by the Alberta Securities Commission on November 5,
2008. This Default Status Report is issued pursuant to National Policy 12-203
Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203").


The Corporation continues to implement its remediation plan as outlined in its
Notice of Default filed on October 5, 2008 and amended on November 5, 2008. The
Corporation has not yet made a decision on hiring a new auditor or engaging its
existing auditor. The Corporation is currently meeting with prospective new
auditors and expects to make a decision by November 20, 2008.


The Corporation continues to expect to file its Financial Statements by December
27, 2008. The Corporation intends to continue to satisfy the provisions of the
Alternative Information Guidelines by issuing bi-weekly Default Status Reports
in the form of news releases, so long as it remains in default.


The Corporation is not in any insolvency proceedings and there is no other
material information relating to the affairs of the Corporation that has not
been generally disclosed.


There are no other changes required to be disclosed pursuant to section 4.4 of
NP 12-203.


About Cybersurf Corp.

Cybersurf is an independent Internet and communications company providing
consumers in the United States and Canada with a value-driven alternative to
large incumbent carriers. Cybersurf prides itself on providing the highest
possible quality of services at the lowest possible prices and is one of
Canada's largest independent Internet service providers.


Cybersurf believes consumers want 'The Freedom of Choice' that comes with having
a truly independent provider as an alternative to larger incumbent telephone
companies or cable carriers -- a choice that allows users to connect to the
Internet how they want and with an independent provider that focuses on the
needs of today's average user by providing quality service at the best possible
price. Cybersurf is that choice.


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