Good afternoon Cyberlux community:
Our management team recently attended the SHOT Show January 17 through January 20 at the Venetian Expo and Caesars Forum in Las Vegas where we were able to identify potential customers at the more than 2,000 exhibits, education sessions and training sessions. We expect to convert those networking opportunities into new orders. We have also made progress with our preparations to enter new foreign markets.
Cyberlux has recently engaged two law firms—one to expedite compliance with OTCMarkets requirements so that we are in good standing and another firm to (1) update our internal procedures for issuance of securities and (2) assure that all current and future shareholders will have all documents and information necessary to resell their shares in the public markets and the shareholders will know the procedures for resales of restricted stock.
I also congratulate our Chief Test Pilot, world champion drone racer and world-class drone cinematographer, Paul Nurkkala, for winning a 2022 Mid-Atlantic Regional Emmy Award for his work as a drone pilot on the short, “Soaring Through the Pavilion,” featuring Penn Medicine’s new hospital.
The management team will also continue to add staff and external resources to manage current and coming market opportunities.
Cyberlux plans to become a registrant under the Securities Exchange Act of 1934 and comply with other requirements of Rule 144 of the Securities Act of 1933 so that (1) Cyberlux is a more attractive candidate for substantial investors and (2) our shareholders will not only be able to take advantage of a shorter holding period before reselling their shares but also will have access to more broker-deals and banks for the resale of Cyberlux stock.
On the advice of our securities attorneys, Cyberlux will notify our shareholders, strategic partners and the investment public about news regarding our Company in the short term by issuing press releases that will be posted on OTCMarkets.com and, in the near future, filing Form 8-K reports with the SEC rather than sending weekly shareholder communications.
Mark Schmidt, President and Chief Executive Officer
SAFE HARBOR STATEMENT
This press release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
These statements may appear in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Cyberlux, (the “Company”), its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
About Cyberlux Corporation
Cyberlux Corporation (OTC Bulletin Board: CYBL), an advanced defense technology platform company providing Defense Industry solutions in advanced unmanned aircraft solutions (UAS), intelligence software solutions, advanced infrastructure technology, and solid-state LED lighting innovations. Moving forward, Cyberlux is “Harnessing the Future” by driving operational growth through an accelerated defense technology industry acquisition and joint venture strategy, with growth from current and future technology developments, including fundamental organic growth, all driving Cyberlux to be a leading defense technology growth company.
For more information, please visit www.cyberlux.com. For investor information, please contact: ir_cybl@cyberlux.com.