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ROK
For Immediate Release
ROK ENTERTAINMENT GROUP LIMITED AGREES TO BE ACQUIRED BY CYBERFUND, INC.
London and New York, May 1, 2007: ROK Entertainment Group Limited and CyberFund,
Inc. (OTC: CYFD) today jointly announced their definitive agreement pursuant to
which CyberFund, Inc. will, subject to the terms of the agreement, acquire 100%
of the issued and outstanding shares of ROK Entertainment Group Limited in
exchange for 57,000,000 common shares of CyberFund, Inc.
Upon completion of the transaction, Cyberfund, Inc. will change its name to ROK
Entertainment Group, Inc. (ROK). ROK was founded in 2003 by Xxxxxxxx Xxxxxxxx
and Xxxx-Xxxx XxXxxxx and has since its inception secured in excess of
$40,000,000 in financing. The Company has offices in the United Kingdom, United
States and the Peoples Republic of China as well as joint ventures in Russia,
Brazil and UAE.
Commenting on the plans, Xxxxxxxx Xxxxxxxx, Chairman & CEO of ROK said
"Following nearly 4 years of focused investment in innovative technologies and
applications for the delivery of entertainment and services to mobile phones, we
believe now is the right time to take ROK public".
ROK currently has 3 patents issued and 42 additional patent applications pending
for new technologies which were developed for the delivery of video
entertainment to mobile phones. The technologies facilitate delivery of services
including, but not limited to on-demand mobile TV streamed over mass-market 2.5G
via GPRS, the storage of copy-protected movies stored on memory cards for play
on mobile phones, Java, SMS and P2P games, place-shifting to mobile devices and
VoIP mobile calling.
"We have amassed a wide portfolio of products for the mobile phone and have paid
particular attention to protecting our intellectual property therein" added
Xxxxxxxx. "We look forward with great excitement to continue deploying those
products worldwide".
Xxxx X. Xxxxx, Chairman & CEO of CyberFund, Inc. stated that "ROK Entertainment
Group Limited and its global management team have developed and commercially
deployed a suite of cutting edge technologies enhanced by an innovative business
model which multiplexes the burgeoning paradigm shift to Internet Protocol
further into the mobile environment. The company is ideally positioned to create
a new, global media platform enabling local, regional and international
advertisers and marketers to broadcast and narrowcast to their desired
demographics based on user criteria and real time metrics."
ends...
For futher information, please contact:
Bruce Renny
Xxxxx.xxxxx@xxxxxxx.xxx
x00 (0)0000 000 000
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ROK
About ROK Entertainment Group (xxx.xxxxxxx.xxx )
Founded in 2003, ROK Entertainment Group set out to develop innovative
technologies to deliver entertainment services to mass-market 2.5G mobile phones
via GPRS.
Xxxxxxxx Xxxxxxxx and Xxxx-Xxxx XxXxxxx are founder partners of ROK
Entertainment Group. There are an estimated 2.7 billion mobile phones in use
worldwide - with 1 billion new handsets being sold each year.
The mobile TV market is forecast to become a multi-billion dollar business
within the next 3 years.
xxx.xxxxxxx.xxx and xxx.xxxxxx.xxx
For more information, visuals etc, please contact:
Xxxxx Xxxxx
Marketing Director
ROK Entertainment Group
Tel: x00 (0)0000 000 000
xxxxx.xxxxx@xxxxxxx.xxx
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