April 05, 2010 10:48 ET
SPOOFEM.COM, Inc./Cyber Defense Systems Spins Out New Company, SPOOFEM.COM USA
ATLANTA, GA--(Marketwire - April 5, 2010) - SPOOFEM.COM, formally known as Cyber Defense Systems, today announced that SPOOFEM.COM, Inc. has been renamed back to its original name, Cyber Defense Systems Inc. The new company, SPOOFEM.COM USA, Inc., starting Tuesday, April 6, 2010; ticker symbol SPOF (PINKSHEETS: SPOF) will stop trading and the new ticker symbol, SPFM will begin. All shareholders of the old SPOOFEM.COM, Inc. will now become shareholders in the new and clean company, SPOOFEM.COM USA (PINKSHEETS: SPFM).
Cyber Defense Systems was sold for its debt to LIGATT Security International. The sold debt will remain with Cyber Defense Systems, leaving the new company SPOOFEM.COM USA, Inc., a debt free company. William Robinson, the former CEO, will become the CEO of Cyber Defense Systems once again. Cyber Defense Systems is no longer a publicly traded company.
The former owner of Cyber Defense Systems, William Robinson, had misled the company regarding the documents he and his former attorney claimed they filed with the SEC. As a result, this issue had led to the corporate restructure of SPOOFEM.COM. In addition, the former President of SPOOFEM.COM, Inc., Lakesha Wilson, has been sued by LIGATT Security International for embezzlement.
Cyber Defense Systems is no longer a part of LIGATT Security International, or the new company, SPOOFEM.COM USA. This is the major reason why LSI did not try to deliver any stock dividends after the merger. There will be a video blog available today at 5pm on the SPOOFEM.COM web site discussing more about the new company.
SPOOFEM.COM USA, now a publicly traded company, began as a caller ID spoofing service, but has now expanded to include several new functionality elements, features and services. SPOOFEM.COM USA offers more free and powerful tools than any other identification spoofing service such as SPOOFTEXT and SPOOFMAIL. These services allow you to send anonymous text messages and emails.
For more information about SPOOFEM.COM USA visit www.Spoofem.com.
***This press release was done in-house by a LIGATT Security International staff member. LIGATT Security International never has and never will use stock promoters, or outside Investor Relations firms.***
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.