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Cyber Defense Secures ITAR Agreement Allowing UAV Export to Approved Countries; Engages Israel Sales Firm; Recruiting Mid-East, Pacific Rim, and Europe Reps
[March 29, 2005]

Cyber Defense Secures ITAR Agreement Allowing UAV Export to Approved Countries; Engages Israel Sales Firm; Recruiting Mid-East, Pacific Rim, and Europe Reps

ST. PETERSBURG, Fla. --(Business Wire)-- March 29, 2005 -- Cyber Defense Systems, Inc. (OTCBB: CYDF) has secured an International Traffic in Arms (ITAR) agreement from the U.S. Department of State which allows Cyber Defense to export its UAV products to approved countries. The ITAR was granted last week following the successful sales and marketing launch of the Cyber Defense UAV product line to the international military defense and law enforcement community.

Cyber Defense's participation in the Warfare Conference in Tel Aviv resulted in an arrangement with M. Paz Logistics to represent the Company in Israel. Cyber Defense also announces Mr. Ryan Robinson has been engaged by the Company to build a sales force in Europe. Mr. Robinson graduated from the University of The South with a Bachelors Degree in Political Science and attended Oxford University in England under the Rhodes scholar program.

Barry Nelsen, Cyber Defense System's Vice President of Sales states, "We have the first ever, affordable lightweight UAV. By bringing reps aboard and moving into the international markets, we can get the word out in Europe, the Pacific Rim and Mid-east. Shows and conferences in England, France, Thailand and other countries are on the agenda with the specific purpose of adding reps and resellers, and raising the interest of end-users to our unique line of UAVs."

Cyber Defense Systems, an operating subsidiary of Proxity, Inc. (Pink Sheets: PRXT) has available for sale the CyberBug(TM), a low cost UAV developed for the individual user. The CyberBug(TM) can weigh between 2.6 pounds to 6 pounds and carry a 5-pound payload depending upon the type of mission. The Company is also developing the CyberScout(TM), a UAV product, which is designed to offer VTOL capabilities (vertical takeoff or landing) and hover and fly horizontally for up to 45 minutes at speeds of 100 plus MPH.

About Cyber Defense Systems, Inc.

Cyber Defense Systems, Inc., (OTCBB: CYDF) an operating subsidiary of Proxity, Inc., is assembling a team of military experts, aerospace and composite engineers to design and build a new generation of UAV's. Cyber plans also to market their UAV's to various branches of the U.S. government and U.S. allies as multi-use platform vehicles capable of deployment in surveillance and communication operations.

About Proxity, Inc.

Proxity, Inc. (Pink Sheets: PRXT) is a developmental holding company specializing in the deployment and marketing of security protection technology and government contract fulfillment. The Company seeks to acquire and develop security technology. Proxity plans to enter into teaming and exclusive and nonexclusive marketing and distribution agreements with products developed for commercial, military and homeland defense.

This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," 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 those actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

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