CALGARY, Alberta, Aug. 29, 2005 (PRIMEZONE) -- Cyberhand Technologies International, Inc. (Pink Sheets:CYHD), a leading computer peripheral design company specializing in innovative wireless ergonomic products for private and military purposes, announced that it has received an initial order for 720,000 units of its CT4700 Wireless Keyboards, X Series Controllers and Advanced Computer Pointing Devices from Connection Devices Distribution Inc.
Connection Devices Distribution Inc. has agreed to purchase a minimum of 30,000 units per month starting in February of 2006 and increasing to 100,000 units by March of 2008. These numbers indicate monthly revenue streams upwards of $300,000 beginning in February of 2006 and expanding to an anticipated minimum of $1.0 million per month by April of 2008. Cyberhand is assembling an initial stocking order to be shipped within 30 days.
This contract represents an extraordinary opportunity in both revenue and market penetration for Cyberhand. The Company is confident that it can deliver upon all its obligations and provide a series of products whose quality will create order demand in addition to the terms of the contractual agreement.
Cyberhand feels it is uniquely positioned to take advantage of three market conditions: the growing appetite for high-performance adaptable keyboards for PDAs and Smart Phones, the growing awareness of the ill-effects on consumers and employees of computer-related repetitive stress injuries (RSI) such as carpal-tunnel syndrome, and the demand for the fastest high-end gaming controllers. Cyberhand, through its American distribution efforts with Connection devices Distribution Inc., will establish itself as a premier manufacturer of quality, performance driven Pointing Devices and Smart Wireless Keyboards. Cyberhand is confident the value and performance offered to Connection Devices Distribution Inc. by the X Series controllers, V Series RSI protective mice and the CT4700/9000 Series of Keyboards will enhance Connection Devices Distribution Inc. market share dominance in the U.S.
About Cyberhand Technologies International, Inc.
Cyberhand Technologies International, Inc. is a leading computer peripheral design company specializing in innovative wireless ergonomic products for private and military purposes. The company designs, manufactures, markets and sells leading edge consumer electronics devices that feature innovative ergonomic designs, advanced software development and technologies that are far superior to other products in the market.
This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially.
For further information, please visit www.cyberhand.com.