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Technology Stocks : XYBR - Xybernaut

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To: PartyTime who wrote (4962)6/5/2002 10:08:59 AM
From: Roy F  Read Replies (1) of 6847
 
Xybernaut and World Wide Technology Announce GSA Schedule Listing for Mobile/Wearable Computing Technologies and Services

Armed Forces and Civilian Government Organizations Now Have More Direct Access to Xybernaut® Offerings

FAIRFAX, Va.--(BUSINESS WIRE)--June 5, 2002-- World Wide Technology (WWT) and Xybernaut Corporation (NASDAQ:XYBR - News) today announced that Xybernaut hardware and professional services are now available to armed forces and civilian government organizations as a part of WWT's General Services Administration (GSA) schedule.

GSA Schedules are contract instruments utilized by technology/services providers and government agencies to facilitate procurement of goods and services from private-sector companies.

Xybernaut's listing on WWT's GSA schedule provides government procurement officers a more streamlined channel through which Xybernaut products and services can be acquired in a more direct and efficient manner.

WWT, a leader in providing comprehensive, vendor-neutral, Internet-based, business-to-business e-marketplaces for the buying and selling of information technology products and services, has a strong market presence with annual revenues of more than $900 million in 2001 and has been providing solutions to government organizations since 1990.

Xybernaut has been working with government and enterprise organizations for more than 10 years and is recognized as a leading provider of wearable/mobile computing hardware, software and services.

"World Wide Technology is pleased to partner with Xybernaut in bringing the Federal government easy access to the latest in wearable/mobile computing hardware, software and services," stated Tim Loughman, director of sales operations for World Wide Technology. "Xybernaut's breadth of products combined with World Wide's back-office capabilities offers government clients a fast, flexible, cost-effective solution," Loughman added.

"WWT is recognized for their success in creating relationships with leading technology companies to build the best solutions for government organizations. We are excited to join with World Wide Technology to meet the growing needs of our government customers," stated Edward G. Newman, chairman, president and CEO of Xybernaut. "This partner agreement with WWT is an important component of our increased efforts to extend and expand our leadership in various government sectors including military, tactical security, homeland defense, emergency preparedness and many others," Newman added.

Throughout Xybernaut's history, the Company has built and maintained strong relationships in military and civilian government organizations at the federal, state and local levels.

About World Wide Technology

With headquarters in St. Louis, Missouri, World Wide Technology, Inc. (WWT), is the leading electronic procurement and logistics company in the information technology industry. WWT specializes in helping its customers to rapidly build and deploy their IT infrastructure in an on- time and cost-effective manner.

WWT's electronic Procurement and Logistics (e-PL) capabilities combine procurement services and logistics functions with state-of-the-art information systems technology, allowing partners to focus on core competencies, while maximizing supply chain efficiencies.

About Xybernaut Corporation

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.

Xybernaut, the Xybernaut logo and Mobile Assistant® V (MA® V) are trademarks or registered trademarks of Xybernaut Corporation in the USA and other countries. All other brand and product names are or may be trademarks of, and are used to identify products or services of, their respective owners.

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," "scheduled," "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 successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.

Third party statements contained herein and information contained on any third party website are not endorsed by or adopted by Xybernaut, nor has their accuracy been verified by Xybernaut.

--------------------------------------------------------------------------------
Contact:

Xybernaut Corporation
Michael Binko, APR, 703/631-6925
mbinko@xybernaut.com
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