Cyberrecord (CE) (USOTC:CYRD)
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CybeRecord, Inc. (OTC:CYRD), a Delaware corporation, would like to take
this opportunity to respond to several shareholder questions. At the
present time, CybeRecord, Inc. is still establishing its investor
relations department; however, we have received numerous emails from
shareholders. We felt it best to address many of the common concerns in
this press release, in order to ensure that all investors are updated
equally.
Many shareholders have asked about the possibility of a reverse split.
The company does not have any plans for a reverse split, and management
does not foresee the need to do one in the future. The current corporate
structure is sufficient to handle all of the company’s
upcoming growth plans.
Another question that seems to be of major concern is the outstanding
share count, the authorized share count, and whether the authorized is
going to increase. As of today, the outstanding share count is
142,283,944, with 100 million restricted shares as stated on the company
website (www.cyrdoil.com). The
current authorized share count is 250,000,000, and management does not
plan to increase the authorized count anytime soon.
We have received several emails asking about potential projects, deals,
and strategic plans. At this time CybeRecord, Inc. is still in the
transition phase. Management and consultants are hard at work to make
the move into the energy field a smooth and successful one. The company
is currently conducting due diligence on several potential projects,
including acquisitions. Talks are currently underway. We hope to have
our strategic outline completed and released by the start of next week.
We will continue to keep shareholders apprised of major announcements
and developments as they happen.
Legal Notice Regarding Forward-Looking Statements:
Safe Harbor: This press release contains forward-looking information
within the meaning of section 27A of the Securities Act of 1933 and
section 21E of the Securities Exchange Act of 1934 and is subject to the
Safe Harbor created by those sections. This material contains statements
about expected future events and/or financial results that are forward
looking in nature and subject to risks and uncertainties. Such
forward-looking statements by definition involve risks, uncertainties,
and other factors, which may cause the actual results, performance, or
achievements of CybeRecord, Inc. to be materially different from the
statements made herein.