Cyberhand Technologies Upgrades Engineering and Design in Preparation for Spin-off Stock-Dividend
Las Vegas, Nevada US, May 27, 2009 (Filing Services Canada via COMTEX) --
Companies: Autodesk, Inc. (ADSK), Cyberhand Technologies International Inc (CYHA)
Cyberhand Technologies International Inc. (CYHA - OTCBB_Pink_Sheets), announced today TriEye Design and its US division owner Corporate Advisors Management, LLC are part of the company's restructuring efforts and its planned stock-dividend and technology spin-off.
TriEye Design and its division owner Corporate Advisors Management, LLC is a full service design and engineering specialty house with a wide range of advanced abilities. In house abilities include solid modeling and turnkey design with AutoDesk Inventor, Electrical, Mechanical, AutoCad, Maps 3D, SoftImage, Alias and architectural Revit.
Corporate Advisors Management, LLC , a professional engineering consulting firm, can take a simple idea, advance it to a sketch, build a prototype, complete a business plan and produce the finished model.
The Company intends to consolidate its most promising products and technology and announce a stock-dividend in preparation for a spin-off transaction. Management determined the spin-off necessary to promote shareholder equity and attract expansion capital for its technologies and products. Management will immediately begin the process of completing its capital transactions as well as the public listing of the new spin-off company's stock. Current stockholders will receive stock, pro rata, in the newly formed spin-off company.
Investors will be timely updated on the following:
* Details on stock dividend date and planned technology assets of the new spin-off company.
* Details on major product launch by new spin-off company at national electronics convention.
* Details on full public registration of the new company's operations and stock
* The Company's new strategic goals and business strategy for 2009
* The acquisition of new biotech technology and new executive management
* New web site, corporate image, and published business plan focused on the company's new biotech acquisitions
* New company name and stock symbol
About Cyberhand Robotics
Cyberhand Robotics Corporation, a subsidiary of Cyberhand Technologies International Inc. is a new Company that consists of all the technology and intellectual property related to the development of an Ergonomic Computer Mouse and a line of Computer Game Controllers. The Company's controllers are 40% more responsive than competitor products. The markets for the Company's products are huge consisting of the Computer Peripheral market with over 600,000,000 users worldwide and the Computer Gaming Peripherals market estimated at $6 billion dollars in the U.S. alone with this market growing at the rate of 34% per year. To learn more, visit our web site at: www.cyberhandrobotics.com
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's website version of this press release contains various RISK FACTORS (and are incorporated herein by reference) and should be read before any investment decision.
Investor Relations
Contact:
Cyberhand Technologies, Inc.
admin@cyberhandrobotics.com
Tel 702-966-2473
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Companies: Autodesk, Inc. (ADSK), Cyberhand Technologies International Inc (CYHA)
Related terms: acquisition, business, canada, computer, computer games, consulting, corporate, dividend, electrical, engineering, equity, expansion, investment, market, peripherals, products, property, restructuring, robotics, securities, technology, web
