Rande
Looks like our SAM.... XYBR,,has come alive again....
Got to keep a close eye on this one ,,,News every couple
of days....One of these times it is going to pop...big
Banchee
Friday October 8, 8:30 am Eastern Time
Company Press Release
SOURCE: Xybernaut Corporation
Conversion to Common Stock Completed for Majority
of Series D Preferred Stock
FAIRFAX, Va., Oct. 8 /PRNewswire/ -- Xybernaut Corporation (Nasdaq: XYBR - news), the leader in wearable computing,
announced today that the majority holder of its Series D Preferred Stock (''Series D'') had completed the conversion of its
holdings of Series D into the Company's common stock and has successfully sold this common stock to third parties.
Edward G. Newman, President and CEO of Xybernaut, stated, ''The recent conversion of this last $1,000,000 block of Series
D is significant, because we believe that it largely removes the conversion pressure from the Series D that we feel was a
significant factor in the decline of the price over the past few months.''
About Xybernaut Corporation:
Xybernaut's wearable computer, the Mobile Assistant® IV (MA IV(TM)) is being shipped worldwide. This full-function
productivity tool features all the benefits of a powerful WINTEL Pentium PC, with complete wireless communication
capabilities. It comes packaged as a belt-worn computer, with users' choice of memory and hard drives, two PC card slots, a
color VGA head-mounted display with microphone and earphone or an optional wrist-mounted VGA flat panel touch screen
color display, a miniature keyboard, a battery pack, and integrated voice-recognition software.
Xybernaut Corporation is the leading provider of wearable computing hardware, software, and services. The company's
patented wearable computers allow users hands-free, feet-free access to information in the computer's internal storage, in local
area networks and on the Internet on an as-needed, where-needed basis. Xybernaut's software is designed to provide users
with the right information when and where it's needed, using consistent navigation techniques and screen presentations. With the
MA IV, customers realize immediate savings in maintenance and repair, diagnosis, inspection, inventory control and data
collection procedures. Key industries using Xybernaut's products include manufacturing, distribution, transportation,
government, and utilities. Headquartered in Fairfax, Virginia, Xybernaut has offices and subsidiaries in Europe (Germany) and
Asia (Japan). Visit Xybernaut's web site at xybernaut.com.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of
1995 (the ''Act''). In particular, when used in the preceding discussion, the words ''plan,'' ''confident that,'' ''believe,''
''expect,'' or ''intend to,'' and similar conditional expressions are intended to identify forward-looking statements within the
meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and
uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks
and uncertainties include, but are not limited to, market conditions, the availability of components and production of the Mobile
Assistant, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully
complete additional financings and other risks described in the Company's SEC reports and filings.
SOURCE: Xybernaut Corporation |
