Thursday May 21, 1:38 pm Eastern Time
Company Press Release
SOURCE: Xybernaut Corporation
En Pointe and Xybernaut Enter Marketing and Distribution Agreement
FAIRFAX, Va., May 21 /PRNewswire/ -- Xybernaut Corporation (Nasdaq: XYBR - news), a leader in wearable computers, today announced that an agreement had been completed with En Pointe Technologies, Inc. (Nasdaq: ENPT - news), under which En Pointe will market, sell and service Xybernaut(R) products in the U.S. and Canada on a non-exclusive basis.
En Pointe is one of the nation's fastest-growing resellers of computer products and services, directing a team of more than 475 employees from its Los Angeles, California corporate headquarters and currently generating revenues in excess of $500 million annually. With coverage in 19 cities throughout the U.S., En Pointe sales and service consultants bring customized, cost-effective computer hardware, software and service solutions to a wide range of Fortune 1000 companies, including IBM Global Services, Northrop Grumman and Motorola, as well as state and local government entities.
Dr. Mark Bergman, noted industry analyst and consultant stated: ''En Pointe has grown rapidly by providing its customers with quality products, expertise and service. I feel that Xybernaut's hardware and software products fit perfectly into En Pointe's business model. The En Pointe sales force was introduced to Xybernaut's products last week, and their response to the product was overwhelmingly enthusiastic. I believe that the combination of Xybernaut's world-class products and En Pointe's marketing strength will result in tremendous success for both companies.''
Edward G. Newman, Xybernaut Corporation's Chairman and Chief Executive Officer stated: ''We have high-volume production capacity in place for the Mobile Assistant(R) IV (''MA IV'') wearable computer and our relationship with En Pointe is the first announced step in the establishment of worldwide sales and marketing resources to match this production capacity. En Pointe has strong customer relationships, distribution capabilities, and provides excellent customer support. I expect that these capabilities will be key drivers in obtaining substantial sales of the MA IV. We are already working together to design an aggressive launch campaign and we look forward to a long and successful relationship with En Pointe.''
Xybernaut Corporation is a leader in providing hardware, software and service solutions to the wearable computing industry. The Company's patented wearable computer systems feature speech-activation and head-mounted displays that allow users hands-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 needed for the task at hand using consistent navigation techniques and screen presentations. Xybernaut's customers include leading corporations and government agencies for many mobile knowledge delivery system applications, including maintenance and repair, inspection, inventory control, manufacturing and data collection.
For more information, contact Xybernaut Corporation, 12701 Fair Lakes Circle, Suite 550, Fairfax, Virginia, 22033 phone: 703-631-6925, fax: 703-631-6734. Web site: xybernaut.com; company contact: Steve Newman, 703-631-6925, Email: investrel@xybernaut.com; for automated fax releases, please call 800-832-5522, ext. 114624.
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 for, and delays in the start of, production of the next generations 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.
Mobile Assistant is a registered trademark of Xybernaut Corporation Pentium is a registered trademark of Intel Corporation
SOURCE: Xybernaut Corporation
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