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Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?

To: j.d.robbins who wrote (4830)	3/21/2002 9:39:52 AM
From: Roy F	Read Replies (1) \| Respond to of 6847

Xybernaut Raises $9 Million of Equity Capital March 21, 2002 09:02:00 AM ET FAIRFAX, Va.--(BUSINESS WIRE)--March 21, 2002--Xybernaut(R) Corporation XYBR, today announced that it had recently raised more than $9 million in equity capital through private placements of common stock with institutional investors. The placements were structured as sales of common stock to new and existing institutional shareholders without reset or re-pricing provisions and were priced at $1.60. The institutions also received callable warrants, with an exercise price of $3.00, to purchase stock that would raise an additional $4.2 million for the Company if fully exercised. "Xybernaut has raised over $124 million in capital since the formation of the company and this placement again demonstrates our ability to raise capital under challenging market conditions," stated Edward G. Newman, chairman and CEO of Xybernaut. "With this funding completed, we can now focus our efforts on building upon the success we have already achieved in the enterprise market." About Xybernaut ...