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

To: Stan V. who wrote (2493)	4/15/1999 9:02:00 PM
From: MSB	Respond to of 6847

Here is what Stan V. is referring to (from the Annual Report filed on Edgar): NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED) 12. RELATED PARTY TRANSACTIONS: The Company uses a Director of the Company as its patent counsel and paid cash to this Director for fees and reimbursement of expenses of approximately $313,187 and $276,000 in 1998 and 1997, respectively. The Company paid $189,647 and $136,001 in 1998 and 1997, respectively, to a law firm of which one of the partners is Director of the Company. An individual who was a Director of the Company through August 1997 was paid $20,750 during 1997 for consulting services pursuant to a contract between that Director and the Company. The Company accrued $97,800 in 1998 and 1997 for salaries and automobile allowances payable to a Director of the Company for services provided to Tech Virginia, and paid $65,000 in 1998. A Director of the Company, who is the brother of the President and Chief Executive Officer, serves as a consultant to the Company and during 1997 was paid $305,000 for consulting fees and $110,000 as reimbursement for expenses. During 1998, the Company paid $162,869 in consulting payments and $23,789 as reimbursement for expenses incurred during the year to the same Director. In addition the Company reserved for approximately $45,000 of advances that were paid to this consultant during 1998. The Company paid $172,000 in 1997 as advances on commissions and expenses to an individual consultant who is an uncle by marriage to the President and Chief Executive Officer of the Company. In addition, this consultant is the President of Davis Group to whom the Company sold products during 1998 for approximately $23,000. The wife of the Chief Executive Officer is employed by the Company and was paid a salary of $50,000 in 1998 and 1997. During 1998 and 1997, the Company paid approximately $219,433 and $81,000, respectively, for sales and marketing consulting fees and expenses to two members of the SBS Software Center in Germany. The Company sold approximately $135,000 of products to the SBS Software Center in 1997. During 1998 the Company sold approximately $35,000 of products to Call In, the President of whom is the son of one of the Company's Directors. Question: Can one be legally adopted at an age past 18? I can afford to buy two units and will lick stamps for oh, say, $40,000 a year. I hope it goes without saying that positive is not first and foremost on my mind at the present time. Come to think of it, May looks a hell of a long ways away. Mike