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

To: Roy F who wrote (5174)	11/8/2002 7:36:27 AM
From: StockDung	Respond to of 6847

Here He Comes, Here Comes Speed Racer He's A Demon On Wheels He's A Demon And He's Gonna Be Chasing After Someone. He's Gainin' On You So You Better Look Alive He's Busy Reving Up The Powerful Mach-5! And When The Odds Are Against Him And There's Dangerous Work To Do You Bet Your Life Speed Racer Will See It Through! Go Speed Racer Go Speed Racer Go Speed Racer, GO! He's Off And Flyin' As He Guns His Car Around The Track He's Jammin' Down The Pedal Like He's Never Comin' Back Adventures Waiting Just Ahead! Go Speed Racer Go Speed Racer Go Speed Racer, G0!!!!!!!!!!!!!!!! =========================================== NVEI Press Release Misleads And Confuses Investors By OTCNN staff Published by OTCNN.com 11/20/2000 11:59 AM CST New Visual Entertainment (OTCBB: NVEI) announced today that it had completed equity financing. That’s at least what the headline of today’s press release stated. Interestingly enough, nothing actually happened. The company announced already in September that it had received a financing commitment from Lilly Beter Capital Group that could result in up to $23 million in equity financing for the company. In today’s announcement, NVEI stated that it had successfully completed its previously announced equity financing with Lilly Beter. But, then NVEI went on to state that as a result, the company MAY sell up to $5 million of its common stock, and MAY receive up to $24 million. In other words, the headline of the press release turned out to be grossly misleading. According to the announcement, there is no funding in place, except for those $315,000 that NVEI has received under this equity facility. OTC News Network tried to reach Dodi B. Handy, the company’s investor relations contact at Continental Capital. Handy could not be reached. According to other Continental people familiar with the account, however, could not answer a simple question: was the funding in place or not. OTCNN also asked for Lilly Beter’s phone number to talk directly to decision makers to find out about their future intentions to fund NVEI, but Continental representatives did not have that at hand. In the past two months, the company’s stock price has plummeted by almost 50%. Keeping this in mind, the terms of the equity financing package sound almost too good to be true. According to the company, it can sell its shares equal to 87% of the average market price of the common stock over the five days preceding the closing of each tranche. This amounts to 13% discount of the current market price, making a private long-term equity investment risky for the investors – after all, they would be making a long-term investment in a stock with a downward trend. According to Continental Capital, any investments would be for RESTRICTED stock with piggyback registration rights. In other words, unless there are any additional registrations, investors would be holding their stock for at least a year. The $29 million question is: how much funding and how soon will NVEI be able to secure with these terms? New Visual is developing broadband transmission technology with the mission to utilize existing copper telecommunications infrastructure to deliver high data content to the home or office at VDSL (52Mbps) data transfer rates. Disclaimer OTC News Network is an unbiased, objective news source focusing exclusively on OTC Bulletin Board companies. We do NOT publish any paid editorial content. In addition, OTC News Network does NOT own any stock in any OTC Bulletin Board companies. None of the shareholders, officers and affiliated entities owns any stock in the companies mentioned in this article. This ensures that OTCNN can make its editorial decisions objectively. Companies included in the news stories have NOT paid a fee or any other form of compensation for their appearance. Previous Article Next Article

To: Roy F who wrote (5174)	11/8/2002 6:09:09 PM
From: StockDung	Respond to of 6847

Xybernaut to Announce Financial Results for Third Quarter 2002 On November 14 FAIRFAX, Va.--(BUSINESS WIRE)--Nov. 8, 2002--Xybernaut Corporation (Nasdaq:XYBR) today announced plans to release its third quarter financial results -- for the period ended September 30, 2002 -- on Thursday, November 14. Edward G. Newman, Xybernaut president, chairman and CEO and other company executives will host a conference call starting at 8:30 am Eastern Time the same day to discuss the results. The conference call can be accessed via telephone by dialing toll free to 888-432-3272 from within the U.S. or 612-288-0318 from outside the U.S. and asking for the Xybernaut Third Quarter 2002 Financial Results conference call. 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. 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 Michael Binko, 703/631-6925 mbinko@xybernaut.com SOURCE: Xybernaut Corporation Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com 11/08/2002 14:54 EASTERN