SOURCE: OTC Report

May 24, 2005 13:17 ET

Cyber Defense Systems Announces Merger With Techsphere Systems International, Says the OTC Report

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the OTC Report.

LAKE HARMONY, PA -- (MARKET WIRE) -- May 24, 2005 -- The OTC Report recommends Cyber Defense Systems, Inc. (OTC BB: CYDF), which announced Techsphere Systems International, LLC has signed an agreement granting Cyber Defense the exclusive right to merge a wholly owned subsidiary of Cyber Defense into Techsphere Systems. Techsphere Systems will be the surviving corporation and become a wholly owned subsidiary of Cyber Defense. Techsphere will continue to manufacture, sell and lease airships presently being designed and manufactured by Techsphere in Columbus, GA. Cyber Defense will continue to work with Techsphere on the sales and marketing of its Airships as well as the marketing and development of Cyber Defense products. For additional information please refer to the 8K to be filed with respect to the transaction. For the complete story, go to http://www.vlcn.com/cydf52405.htm

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