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

To: Roy F who wrote (4992)	7/3/2002 8:17:44 AM
From: Roy F	Read Replies (1) \| Respond to of 6847

Xybernaut Updates Q2 Revenue Guidance FAIRFAX, Va.--(BUSINESS WIRE)--July 3, 2002--Xybernaut® Corporation (NASDAQ:XYBR - News) announced today that certain significant orders outside the U.S. did not occur as anticipated and, as a result, the Company is now expecting revenues for the quarter ending June 30, 2002 to approximate the $2 million in revenues realized for the same period last year. In addition, the Company clarified Mr. Newman's remarks made Monday related to backlog noting that its current pipeline of potential orders, rather than its backlog, has reached record levels. The Company's previous guidance for revenues in the third and fourth quarters of 2002 and profitability by second quarter of 2003 remains unchanged. About Xybernaut 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. -------------------------------------------------------------------------------- Contact: Xybernaut Corporation, Fairfax Michael Binko, APR 703/631-6925 mbinko@xybernaut.com or Michael Wachs, 212/732-4300 mwachs@ceocast.com