En Pointe Technologies Signs Agreement With Xybernaut Corporation to Market Wearable Computers
LOS ANGELES, Calif. – November 2, 1998 -- En Pointe Technologies, Inc. (NASDAQ:ENPT), a national provider of information technology products and value-added services, affirmed that it had reached an agreement with Xybernaut Corporation (NASDAQ:XYBR) under which En Pointe will market and sell Xybernaut wearable computer products in the U.S. and Canada. Xybernaut Corporation is a leader in the wearable computing industry.
Bob Din, Chief Executive Officer at En Pointe, stated, "We believe that wearable computers will be a major growth market in the future and we are excited to join forces with Xybernaut, a leader in that market. We will market advanced mobile and wearable platform technologies to our Fortune 1000 and governmental customers, providing them with comprehensive solutions to their mobile computing requirements. We expect that Xybernaut’s world-class hardware and software products will be of great value to our customers."
Edward G. Newman, Chief Executive Officer of Xybernaut Corporation, stated, "We are extremely pleased by our growing relationship with En Pointe. They have strong customer relationships, exceptional marketing and distribution capabilities, and provide excellent customer support. En Pointe’s talents, skills and efforts in North America will parallel those of Hewlett Packard, our European distribution partner for the new Mobile Assistant® IV wearable computer, to build growth in sales of our wearable computers and related software. "
Steven A. Newman, Vice Chairman of Xybernaut, added, "This strategic relationship ensures that our North American clients will receive world class fulfillment when ordering Xybernaut products and solutions. En Pointe provides among the finest marketing, distribution and support services of any company we know. We are extremely pleased that they have joined with Xybernaut to aggressively launch our products into the marketplace."
About En Pointe Technologies, Inc.
En Pointe Technologies, Inc. is a national business-to-business e-commerce provider of IT products and value-added services, using proprietary and non-proprietary software and systems to drop-ship materials, repair and operation ("MRO") products to its customers through an electronically linked network of the largest allied distributors in the U.S. This software allows En Pointe to serve as an electronic clearinghouse of computers and computer related products without many of the risks and costs associated with maintaining inventory. En Pointe offers its customers direct on-line access to 70% of the mainstream PC products. En Pointe Professional Services offers "total solution" system consulting services such as: pre-sale consulting, design, training, customization and integration.
En Pointe is represented nationally with a concentration in more than 20 sales and service markets throughout the United States, as well as a value-added ISO 9002 certified integration facility in Ontario, California. Visit En Pointe at www.enpointe.com.
For further information, please contact En Pointe Technologies at (310) 725-5200, or
Arlene Crispin
Executive Office Coordinator
Phone: (310) 725-5265
Fax: (310) 727-5803
email: acrispin@enpointe.com
This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from management’s projections, estimates and expectations include, but are not limited to:
En Pointe Reports Third-Quarter 1998 Results
Quarterly fluctuations in results
Seasonal patterns of sales and client buying behaviors
Changing economic influences in the industry
The development by competitors of new or superior delivery technologies or entry in the market by new competitors
Dependence on intellectual property rights
Delays in product development
The company’s dependence on key personnel, and potential influence by executive officers and principal stockholders
Volatility of the company’s stock price
Delays in the receipt of orders or in the shipment of products
Any delay in execution of the company’s system development plans
Loss of minority ownership status
Planned or unplanned changes in the quantity and/or quality of the suppliers available for the company’s products
The actions of suppliers of the company’s products
Changes in the costs or availability of products
Interruptions in transport or distribution
General business conditions in the economy and other factors referred to in the company’s Securities and Exchange Commission filings. |
