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Technology Stocks : XYBR - Xybernaut
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To: rrufff who wrote (5649)7/9/2003 9:25:43 AM
From: Roy F  Read Replies (1) of 6847
 
Xybernaut Expects Record Quarterly Revenue Increase
Wednesday July 9, 9:02 am ET
Strong Second Quarter Performance Sets Pace for Remainder of 2003

FAIRFAX, Va.--(BUSINESS WIRE)--July 9, 2003--Xybernaut Corporation (Nasdaq:XYBR - News) today announced that it expects revenue for the second quarter ended June 30, 2003 to increase more than 50% compared to revenue for the first quarter of 2003. This would be the highest quarterly percentage increase since the Company's acquisition of Xybernaut Solutions Inc. in 2000.
These preliminary results consist of hardware and consulting revenue and also represent the highest U.S. quarterly revenue total in the Company's history.

"These results reinforce our previous expectations that the second quarter would be a pivotal quarter in setting the stage for the Company's future," said Steven A. Newman, president of Xybernaut Corporation. "Based on what we have seen in the second quarter and the first few days of the third quarter, we anticipate increased momentum and success through 2003 and beyond."

Newman noted that this optimism is based on the objective measurement of numerous strategic Company initiatives including: cost-cutting programs; beneficial financings; intellectual property licensing strategies; strategic partnerships and the securing of key accounts in the transportation, retail, military and homeland security sectors.

The Company plans to formally announce its second quarter 2003 results during the week of August 11. Specific details relative to the official announcement and corresponding conference call for second quarter results will be provided shortly.

About Xybernaut ....
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