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Technology Stocks : XYBR - Xybernaut

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To: Roy F who wrote (4743)1/24/2002 9:35:27 AM
From: Roy F  Read Replies (3) of 6847
 
Xybernaut Corporation and Key3Media Group to Bring 7th Annual International Conference On Wearable Computing to COMDEX Chicago

January 24, 2002 09:04:00 AM ET

LOS ANGELES and FAIRFAX, Va.--(BUSINESS WIRE)--Jan. 24, 2002--

Xybernaut MA(R)V Wearable Computers To Be Used For Attendee

Registration, Roving Research Activities and Data Gathering

Key3Media Group, Inc. KME and Xybernaut(R) Corporation XYBR announced today that the 7th annual International Conference on Wearable Computing (ICWC) will be an integral part of COMDEX Chicago, March 5-7, 2002. The COMDEX Chicago/ICWC events will be held at the McCormick Place conference facility located at 2301 S. Lake Shore Drive.

ICWC will be a full COMDEX conference program held over three days and will include interactive workshops, a keynote by Xybernaut chairman, president and CEO Edward G. Newman, presentations by industry analysts, media and influencers and discussions involving solutions providers and value added resellers. This is the first year Xybernaut has held the ICWC during COMDEX Chicago.

In a related agreement, Key3Media will replace a number of stationary kiosk computers with Xybernaut MA V wearable computers. These units will be worn by event staff to perform many tasks, including attendee registration (queue-busting), roving research on the show floor, on-site coordination, and various other types of data gathering among attendees, exhibitors and presenters.

"With its emphasis on eMobility, COMDEX Chicago represents an excellent opportunity for Xybernaut to bring wearable computing technologies to a much broader community through an expanded ICWC," said JB Rauch, vice president of marketing, Xybernaut Corporation. "We're looking forward to talking with industry experts, business decision-makers, customers and potential partners to discuss and shape the future of wearable computing."

A number of industry analysts have stated that the potential market for wearable and mobile computing technologies is expected to grow rapidly in the coming decade. The Gartner Group recently (October 8, 2001) stated that wearable computing is one of four key emerging technology trends for the next decade (see www3.gartner.com. According to the April 17, 2001 Gartner Group Research Note, Wearing it Out: The Growth of the Wireless, Wearable World, "By 2007, more than 60 percent of the European Union and U.S. populations aged 15 to 50 will carry or wear a wireless computing and communications device at least six hours a day." The report also emphasizes a dramatic increase to 75 percent of these populations by 2010.

"Innovation is a critical component of COMDEX," said Bob Bierman, vice president and general manager, COMDEX Chicago. "Xybernaut's sponsorship of The International Conference on Wearable Computing at COMDEX Chicago will offer attendees a glimpse into real-life and potential uses for wearable computing solutions in business as well as general consumer applications."

About Xybernaut

Xybernaut Corporation is the leading provider of wearable/mobile computing hardware, software and services, bringing communications and full-function computing power in a hands-free design to people when and where they need it. Headquartered in Fairfax, Virginia, Xybernaut has offices and subsidiaries in Europe (Germany) and Asia (Japan). Visit Xybernaut's web site at www.xybernaut.com.

About Key3Media

COMDEX Chicago is a Key3Media event. Key3Media Group, Inc., is the world's leading producer of information technology tradeshows and conferences, serving more than 6,000 exhibiting companies and 1.5 million attendees through 60 events in 18 countries. Key3Media's products range from the IT industry's largest exhibitions such as COMDEX and NetWorld+Interop to highly focused events featuring renowned educational programs, custom seminars and specialized vendor marketing programs. For more information about Key3Media, visit www.key3media.com.

Certain matters discussed in this release are "forward-looking statements," including statements about Xybernaut and/or Key3Media's future results, plans and goals and other events that have not yet occurred. These statements are intended to qualify for the safe harbors from liability provided by the Private Securities Litigation Reform Act of 1995. You can find many (but not all) of these statements by looking for words like "will", "may", "believes", "expects", "anticipates", "plans" and "estimates" and for similar expressions. Because forward-looking statements involve risks and uncertainties, there are many factors that could cause Key3Media's and/or Xybernaut's actual results to differ materially from those expressed or implied in this release. For Key3Media these include, but are not limited to, economic conditions generally and in the information technology industry in particular; the timing of Key3Media's events and their popularity with exhibitors, sponsors and attendees; technological changes and developments; intellectual property rights; competition; capital expenditures; factors impacting Key3Media's international operations. In addition, the terrorist attacks on September 11, 2001 have adversely affected the economy generally and significantly decreased air travel in particular. These developments have and will continue to adversely affect participation and attendance at Key3Media's events, although the Company is not able to quantify or reliably estimate the future impact that these matters may have on its businesses, results of operations or financial condition. The section entitled "Risk Factors" in the exhibits to the Form 8-K filed by Key3Media with the SEC on November 28, 2001, the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations - Recent Developments" in the Form 10-Q for the quarter ended September 30, 2001 filed by Key3Media with the SEC, , the sections entitled "Management's Discussion and Analysis of Financial Condition and Results of Operation" and "Risk Factors" in the prospectus supplement Key3Media filed with the SEC, under Rule 424(b) relating to Key3Media's high yield bond offering, and the section entitled "Item 1.Business - Certain Factors That May Affect our Business" in the Annual Report on Form 10-K for the year ended December 31, 2000 filed by Key3Media with the SEC contain important cautionary statements and a discussion of many of the factors that could materially affect the accuracy of Key3Media's forward-looking statements and/or adversely affect its business, results of operations and financial position. These statements and discussions are incorporated herein by reference. For Xybernaut such risks and uncertainties include, but are not limited to, market conditions, the availability of components and production of the Mobile Assistant, timing and successful products of Xybernaut's products, general acceptance of Xybernaut's products and technologies, competitive factors, and other risks and factors described in the Xybernaut's SEC reports and filings Neither Key3Media nor Xybernaut intends to update any forward-looking statements. Third party statements contained herein and information contained on any third party website are not endorsed or, adopted by Xybernaut or Key3Media nor has their accuracy been verified by Xybernaut or Key3Media.

Key3Media, COMDEX, NetWorld+Interop, and associated design marks and logos are trademarks owned or used under license by Key3Media Events, Inc., and may be registered in the United States and other countries. Xybernaut and the Xybernaut logo are trademarks or registered trademarks of Xybernaut Corporation in the USA and other countries. Other names mentioned may be trademarks of their respective owners.

Contact Information:
Michael Binko
Xybernaut Corp.
(703) 631-9625
mbinko@xybernaut.com
or
Eric Grodziski
Key3Media Events, Inc.
(781) 433-5042
eric.grodziski@key3media.com
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