LAS VEGAS, April 26, 2005 (PRIMEZONE) -- NuVoci, Inc. (Pink Sheets:NVCI) announced the completion of a share exchange agreement with privately held Cyberhand Technologies Inc., a leading computer peripheral design company specializing in innovative wireless ergonomic products for mobile and desktop users. As a result NuVoci will change its name to Cyberhand Technologies International, Inc. and enter the rapidly growing multi-billion dollar computer mouse and handheld computer device markets.
The transaction was completed by the execution of a share exchange agreement where 5.0 million shares of NuVoci were exchanged for the shares of Cyberhand Technologies, which will become a wholly-owned operating subsidiary of the Nevada Company. In consideration for their shares of Cyberhand's capital stock, the Cyberhand stockholders collectively received approximately 97.7 percent of NuVoci's equity after giving effect to the transaction. Further, the officers and directors of Cyberhand replaced all of the officers and directors of NuVoci. Upon completion of the acquisition, NuVoci ceased all of its existing business operations and adopted and implemented Cyberhand's business plan.
With the merger NuVoci has changed its name to Cyberhand Technologies International, Inc. A new ticker symbol for the company's common stock will be disclosed when available.
According to the terms of the acquisition, each share of Cyberhand will receive point four zero (0.40) of a share of NuVoci. As a result, the company now has outstanding approximately 5,117,288 shares of common stock. A private placement of common shares is presently being conducted by the public company.
"This transaction enables Cyberhand Technologies International to expand sales of our groundbreaking consumer electronics products, introduce new designs that we believe will revolutionize the computer peripheral market, and make key acquisitions," said Mike Burke, president of Cyberhand Technologies International. "Our new lead product line is completing the final testing to authenticate and verify its abilities in advance of market release. Once completed, it will represent the next generation of patented pointing devices which we expect will lead the market in both penetration and sales."
About Cyberhand Technologies International, Inc.
Cyberhand Technologies International, Inc. is a leading computer peripheral design company specializing in innovative wireless ergonomic products for mobile and desktop users. 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. Cyberhand is focused on developing products that allow computer, Personal Digital Assistant (PDA) and Smartphone users the ultimate in mobility, productivity, performance and comfort. Initial products include:
-- Computer Game Controllers that are 40% more responsive than
competing products
-- Wireless Keyboards for PDAs and Smartphones
-- Ergonomic Computer Mouse Products that eliminate
computer-related repetitive stress injuries
-- Related Software Upgrades and other Peripherals such as
Keyboards, Cameras and Scanners
Forward-looking Safe Harbor Statement
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.
Mike Burke
President