CDKNET Receives $500K Financing Advance from Debenture Holder

8 Jun 2006

Piscataway, NJ - June 8, 2006 - CDKNet.com (OTCBB: CDKN) announced that it filed a Form 8-K Report to report, among other things, that it received an advance of $500,000 from Bushido Capital Master Fund LP pending negotiation and execution of documents in connection additional secured financing.

Bushido currently owns $1,875,885 of $3,875,885 principal amount outstanding of CDK's 6% secured convertible debentures due December 28, 2008 and related warrants.

Filed: Jun 2006, Press, Co: Arkados, HomePlug, Tech: None