Rande
XYBR.....
Well it looks like our sales are going up.....
But shorts having a good time...
Watch for covering......
Wednesday February 9, 9:23 am Eastern Time
Company Press Release
SOURCE: Xybernaut Corporation
Xybernaut(R) Reports Additional Sales in Gulf Area
$500,000 Sales Contract Received in Saudi Arabia, Additional Sales Made in Kuwait and Dubai
FAIRFAX, Va., Feb. 9 /PRNewswire/ -- Xybernaut Corporation (Nasdaq: XYBR - news), the leader in wearable computing, and PAMAS Trading & Contracting
Est., a leading distributor of computers and electronics in Saudi Arabia and the surrounding Gulf states, today announced that they have finalized additional
agreements, including an order for approximately $500,000 of Xybernaut's Mobile Assistant® IV (MA IV®) systems to be shipped over the next several months.
This contract was concluded at the Saudi Computer Technology 2000 show last week, and sales of initial MA IV systems were also made last week to customers in
Dubai and Kuwait.
Dr. Ibrahim El Wakkad, executive corporate president for PAMAS, stated, ''Xybernaut's products were very well received by attendees at the Saudi Computer
Technology 2000, and we received a great deal of attention from print and electronic media. With its combination of wireless communications, full- function
computing and hands-free operation, the MA IV system is ideal for many customers in the Middle East to improve security, productivity and the quality of their
products and services. We see a strong future for Xybernaut in these markets, and our initial commitment for first year sales of Xybernaut products is $3 million,
which, with the grace of almighty Allah, is a level we are confident we can exceed. PAMAS has now established a separate business unit dedicated to providing
Xybernaut's products and solutions for our customers in Saudi Arabia and the Middle East. We are staffing this business unit with qualified technical personnel to
provide solutions uniquely suited to the Arabic-speaking world.''
Dr. Steven A. Newman, vice chairman of Xybernaut, added, ''We were very pleased with the results of our exhibition with PAMAS at this show where we
demonstrated the MA IV using IBM's Via Voice in Arabic and Windows 98 in Arabic to provide solutions understandable at all levels of the local workforce. The
security, construction, petrochemical, transportation and telecommunication industries in the Gulf area are very promising customers for Xybernaut's products and
services, and we look forward to furthering our relationship with PAMAS as we develop these significant markets.''
About Pamas
Prince Abdul Rahman Bin Mohamad Bin Adbul Aziz AlSaud Establishments, or PAMAS, was founded in 1979 and is ranked among the Top 1000 companies
operating in the Kingdom of Saudi Arabia. The company operates with a construction sector that includes fabrication, project management and manufacturing
operations, a trading sector, and a technical management, maintenance, and computing sector. The technical management and computing sector is the fastest growing
sector within PAMAS and is one of the leaders in the maintenance and management services with several successfully completed government contracts.
About Xybernaut Corporation
Xybernaut Corporation is the leading provider of wearable computing hardware, software and services. The company's patented wearable computer is a full-function
Pentium PC that runs Microsoft MS-DOS, Windows, and Windows NT, along with UNIX, Linux and other operating systems that run on the Intel x86 architecture.
The MA IV® allows 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 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.
MS-DOS, Windows and Windows NT are registered trademarks of Microsoft Corporation
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
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