xybernaut (xybr) baldiger Ausbruch?

ich tippe auf grotten schlecht...

schaut euch lieber TASR an!

MfG, ZiZo

   $0.10 per share in the prior year.

   "The Company is moving in the right direction in virtually all areas. We are pleased
   with our second quarter results and especially the record revenue levels that we
   achieved. We are determined to do even better on all fronts as we move forward and my
   outlook remains highly positive," stated Steven A. Newman, Xybernaut president.

   Thomas D. Davis, senior vice president and CFO, added, "We have continued our cost
   cutting efforts into 2003, streamlined operations and, with significant cash on-hand we
   now believe that we have more than enough capital to last us through the end of the
   year."

   "From recent meetings with executives of some of the world's largest companies, I've
   seen first hand that these business leaders recognize that wearable computing has moved
   from a possible to a preferred mobile computing solution," stated Edward G. Newman,
   chairman and CEO. "Our primary objective is to steadily increase stakeholder value by
   leveraging these relationships and others as well as our expertise and successes to
   produce tangible results."

Cash soll bis Ende des Jahres reichen - Verlust pro Share vermindert, was aber auch keine Kunst ist, wenn sich die Aktienanzahl ständig erhöht :-)
"Company also reported that it had raised an additional $3 million through warrant exercises."

Zumindest legt der Kurs vorbörslich gut zu.

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.

Third party statements contained herein and information contained on any third party website are not endorsed by or adopted by Xybernaut, nor has their accuracy been verified by Xybernaut.

HONG KONG & FAIRFAX, Va., Jan 20, 2004 (BUSINESS WIRE) -- Softbank Investment International (Strategic) Ltd. (" Softbank Strategic," stock code: 0648 HK, www.softbank.com.hk) and Xybernaut(R) Corporation (" Xybernaut," stock code: Nasdaq: XYBR, www.xybernaut.com) have signed a memorandum of understanding (MOU) to establish a joint venture which will develop the market for mobile/ wearable computing technologies in the People`s Republic of China (PRC).

Xybernaut will own 60% and Softbank Strategic 40% of the new joint venture (JV) Company, which will introduce Xybernaut products and intellectual property (IP) into the PRC. More specific information related to the terms of the agreement and relationship is expected to be announced in the near future. The joint venture signals the importance that both Companies place on mobile/ wearable computers as the next wave in computing technology.

The new JV Company will have the exclusive right to manufacture, market, sell and distribute Xybernaut products throughout the PRC.

With over 600 patent applications issued or pending worldwide, Xybernaut develops market leading mobile technology solutions that free users from the constraints of location and working conditions. Designed for the worker who needs maximum mobility, portability and hands-free operation, Xybernaut product lines feature wearability, voice activation and full WINTEL and open standard compatibility. Content is delivered before the wearer`s eyes, where and when it is needed, without interfering with the full range of vision.

" We are very pleased to be partnering with the leader in this field," says SJ Wong, vice chairman and CEO of Softbank Strategic. " Xybernaut products and solutions are applicable to a wide range of industries including aerospace, transportation, medical, education, telecommunications, utilities, media, public safety, travel and leisure and government. Xybernaut customers include major Fortune 500 companies and government organizations. We are very optimistic because the demand for wearable computing technology in the PRC will be huge. We not only expect this joint venture to be successful and financially rewarding, but we also believe that it will help propel the PRC and Asia into a new era of mobile computing."

" Mobile/wearable technologies are changing the way people conduct both their business and personal lives," says Edward G. Newman, Chairman and CEO of Xybernaut. " China represents the next big world market for us and we are passionate about doing it right. We are delighted to be working with a partner like Softbank Strategic who not only understands the industry and our products, but also has the strength and ability to help us succeed from step one with their strong funding capability and good connections in China."

Under the terms of the joint venture arrangement, Xybernaut will assign all existing agreements and relationships in China to the new JV Company, and provide the necessary know-how and technical assistance. Softbank Strategic will provide start-up funding. Although Xybernaut will be the majority owner of the joint venture, Softbank Strategic will be responsible for overseeing the joint venture`s day-to-day operations. The arrangement is subject to completion of definitive documentation.

About Softbank Investment International (Strategic) Limited

Softbank Investment International (Strategic) Limited (" Softbank Strategic," stock code: 0648 HK, www.softbank.com.hk) aims to be a pioneer in the Asian technology-driven economy with innovation, capital and expertise - investing in technology and high growth companies whose products and services will help add value to businesses and enhance the quality of life throughout the world.

Softbank Strategic`s core business is primarily in venture capital and investment banking. Softbank Strategic funds innovative entrepreneurs and businesses in the technology sector with the aim of building them into market leaders.

About Xybernaut Corporation

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 the Xybernaut 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.

SOURCE: Xybernaut Corporation & Softbank Investment International

22.01.2004 / 16:47
Xybernaut erhält neues Patent

Xybernaut Corp. (Nasdaq: XYBR; WKN: 905276): Der Hersteller von PC-Systemen für den mobilen Einsatz Xybernaut gab am Mittwoch bekannt, dass das Unternehmen ein weiteres Patent erhalten hat.

Das Patent ist Teil der „Way Point“ genannten Strategie, nach der Patente für Methoden, Anwendungen und Technologien gewonnen werden sollen, die die Übermittlung von Daten und Meldungen an einer bestimmten Koordinate gewährleisten. Das neue Patent umfasst Anwendungen, die Signale an ein WayPoint-Netz senden, um den genauen Standort eines Geräts oder Nutzers festzustellen. Ebenso sollen Informationen wie Wartungszeugnisse, Betriebsanleitungen oder Schemata abgerufen werden können. Das neue Patent beinhaltet auch Finanztransaktionen.


Xybernaut hat bislang Patente für die Interaktion von Teilnehmern in einem WayPoint-Netz gewonnen, sowie für die Art und Weise, wie Daten einer bestimmten Koordinate zugeordnet werden. Das Unternehmen will die Technologien an das US-Militär vermarkten und an Privatunternehmen, um Verbraucher besser erreichen zu können. (jwd)

[Zurück zur Übersicht]

Der größte amerikanische Pensionsfonds Calpers hat sich
672,700 stück gekauft
          §

"Brad's experience in building and managing mobile/wearable technologies with Bell Canada and its customers complements our growth strategies," said Edward G. Newman. "His success in growing profitable sales, marketing and service organizations will assist Xybernaut in supplying customers and partners in many industry sectors with the mobile/wearable solutions necessary to achieve optimal performance."

The Mobile Enterprise Technology effort within Bell Canada was a new business venture for the company, which incorporated fixed and mobile wireless communications, computing devices and the development of unique mobile technology applications and services.

"Over the past three years, Xybernaut has formed a successful relationship with Bell Canada. As the point-person for the relationship, I served on the Xybernaut Customer Advisory Board as the Bell Canada representative. Through the CAB efforts, I realized I shared the Xybernaut future vision for computing and communications," stated Chitty.

"Brad possesses the experience and determination that will help us expand Xybernaut market presence in key industries and achieve our goals. Relations with Bell Canada executive leadership are still very solid and supportive. Brad received well-wishes from Bell Canada executive staff on his new venture with Xybernaut and the company also expressed interest in continuing to work with Xybernaut and Brad in his new role. We look forward to expanding this relationship and many new cooperative efforts with Bell Canada and their clients in the future," added Newman.

Mr. Chitty first joined Bell Canada in 1978 and was appointed to the position of district manager for Northern Ontario located in Sault Ste. Marie several years later. In 1992 he directed the installation and maintenance of the Canadian National Fiber Optic Project and in 1994 he was appointed to the Ontario Region Process Team to provide wireless computing solutions for electronic dispatch "Mobile Office Solutions." In April of 2000, he became regional manager Strategic Business Development for Ontario Operations developing business cases and strategies to lead the company into new revenue portfolios. This led to Mr. Chitty's most recent roles of CTO Bell Gateways and director, Mobile Enterprise Technology.

Born in Sault Ste. Marie, Ontario, Mr. Chitty received his education from Sault College of Applied Art's & Technology, Seneca College for Business, Queens University and the Bell Institute for Professional Development.

Mr. Chitty is an accomplished media spokesperson and public speaker. He has also hosted and participated in numerous technology forums at industry events such as the International Conference on Wearable Computing (ICWC), COMDEX and numerous mobile technology/communications conferences.

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 the Xybernaut Web site at www.xybernaut.com.

Xybernaut, the Xybernaut logo and Mobile Assistant(R) V (MA(R) V) and Atigo(R) 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.

Third party statements contained herein and information contained on any third party website are not endorsed by or adopted by Xybernaut, nor has their accuracy been verified by Xybernaut.

SOURCE: Xybernaut Corporation

Xybernaut Corporation
Michael Binko, 703-631-6925
mbinko@xybernaut.com


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"Our efforts to forge strategic relationships and licensing agreements with a growing base of leading equipment manufacturers, resellers and integrators, is based largely on our ability to expand and protect our intellectual property in leading world markets," stated Edward G. Newman, Xybernaut chairman and CEO. "Xybernaut has already entered into licensing and business combination relationships with international companies to develop technologies and solution services directly rooted in Xybernaut IP and we expect more success on that front."

The Israeli Patent Office issued the Transferable Core computer patent, which corresponds to the Xybernaut U.S. patent No. 6,029,183, as Israeli Patent No. 123,493.

About Xybernaut Corporation

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. Xybernaut maintains hundreds of patents in more than 17 countries. Headquartered in Fairfax, Virginia, Xybernaut has offices and subsidiaries in Europe (Germany) and Asia (Japan). Visit Xybernaut on the Internet at www.xybernaut.com.

Xybernaut and the Xybernaut logo 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.

SOURCE: Xybernaut Corporation

Xybernaut Corporation, Fairfax
Michael Binko, 703-631-6925
publicrelations@xybernaut.com


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"While we are developing modern high-tech security solutions here in China with our partners, we have been missing that systems integrator and development company that can help us go-to-market internationally in the homeland security sector," said Dr. Liu, Bin, Sci-Tech General Manager. "With Xybernaut understanding of the Chinese culture and business environment, its worldwide partner network and its direct and successful security solutions for the Port of Charleston, airport authorities, Littleton, Colorado school emergency efforts, Essex County (MA) Prisons and homeland security efforts in Winchester, Virginia, we have the makings of an excellent team to grow our container inspection business."

"The HLX TS-SCAN Cargo Inspection System container scanning solution, whether fixed or mobile, offer many unique capabilities when compared to alternatives on the market now or available in the foreseeable future," said Edward Newman, Xybernaut chairman and CEO.

Thirteen TC-SCAN CIS's are already deployed throughout China, the Middle East and Africa with additional orders already received and being manufactured. As part of additional agreements to be formalized, Xybernaut will assist Sci-Tech in certifying the products for sale on an exclusive basis in the targeted territories. It is anticipated that the CIS's will be fully integrated into Xybernaut's security services, including its software, wireless, sensors and mobile computing offerings.

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 the Xybernaut Web site at www.xybernaut.com.

Xybernaut, the Xybernaut logo, Atigo(R) and Mobile Assistant(R) V (MA(R) 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.

Third party statements contained herein and information contained on any third party website are not endorsed by or adopted by Xybernaut, nor has their accuracy been verified by Xybernaut.

SOURCE: Xybernaut Corporation

Xybernaut Corporation, Fairfax
Michael Binko, 703-631-6925
publicrelations@xybernaut.com


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Annual reconstitution of Russell indexes captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000. The largest 1,000 companies in the ranking comprise the Russell 1000 while the remaining 2,000 companies become the widely used Russell 2000. These investment tools originated from Russell's multi-manager investment business in the early 1980s because the company needed a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.

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 the Xybernaut Web site at www.xybernaut.com.

About Russell

Russell Investment Group, a global leader in multi-manager investment services, provides investment products and services in more than 35 countries. Russell manages more than $107 billion in assets and advises clients worldwide representing $1.8 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. For more information, go to www.russell.com.

Xybernaut, the Xybernaut logo, Atigo(R) and Mobile Assistant(R) V (MA(R) 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.

Third party statements contained herein and information contained on any third party website are not endorsed by or adopted by Xybernaut, nor has their accuracy been verified by Xybernaut.

SOURCE: Xybernaut Corporation

Xybernaut Corporation
Michael Binko, 703-631-6925
publicrelations@xybernaut.com


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"Xybernaut continues to expand its patent portfolio of practical technologies worldwide. Enhanced ergonomics and greater flexibility are always at the top of the list of improvements requested by customers and partners," stated Edward G. Newman, chairman and CEO of Xybernaut. "Our efforts to address these specific customer needs, can also lead to opportunities to apply for and protect new intellectual property. I'm very proud of our team and their ability to consistently secure these assets for the Company."

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 (U.S.), Xybernaut has offices and subsidiaries in Europe (Germany) and Asia (Japan and China).

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.

SOURCE: Xybernaut Corporation

Xybernaut Corporation, Fairfax
Michael Binko, 703-631-6925
mbinko@xybernaut.com


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IBM and Xybernaut began their relationship in 1999 when IBM was selected to jointly develop and manufacture the fifth generation of the Xybernaut Mobile Assistant(R) (MA) product family. Under that initial agreement, the MA V(R) wearable computer was developed based on Xybernaut intellectual property with engineering and technology services provided by the Engineering and Technology Services (E&TS) division of IBM.

"Building on our initial involvement in the development and manufacturing of the MA V, the Xybernaut and IBM relationship naturally evolved into one that included joint market and business development efforts to further extend our relationship in the mobile computing marketplace," stated Samuel M. Prabhakar, Director, Systems Solutions, IBM E&TS.

About IBM

IBM is the world's largest information technology company, with 80 years of leadership in helping businesses innovate. IBM and its Business Partners offer a wide range of services, solutions and technologies that enable customers, large and small, to take full advantage of the new era of on demand engineering and computing services.

    Information about IBM is available at www.ibm.com.

    About Xybernaut Corporation


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 and China). Visit Xybernaut on the Internet at www.xybernaut.com.

Xybernaut, the Xybernaut logo, Mobile Assistant(R) MA V(R) and Atigo(R) 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.

SOURCE: Xybernaut Corporation

Xybernaut Corporation, Fairfax
Media Contact:
Michael Binko, 703-631-6925
publicrelations@xybernaut.com


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" Xybernaut solutions and technologies based on our intellectual property are now being deployed into a wide variety of major market sectors from homeland security applications used to examine moving cargo containers; to systems that can detect guns; to in-the-field monitoring solutions to combat West Nile virus; to information delivery systems used by Wall Street traders; to even a solution that will allow a disabled child to learn to communicate," Newman added.

Quarterly Highlights
As of and for the As of December 31, 2003 and
Six Months Ended for the Six Months Ended
June 30, 2004 June 30, 2003
----------------- ---------------------------
Total revenue $ 7,775,045 $ 4,575,558

Cash & cash equivalents $13,251,416 $ 9,524,541

Stockholders' equity $16,470,820 $15,909,525

Xybernaut currently holds patents that relate how computers are worn, how they integrate with garments/textiles and specific applications of computer-enhanced textiles. Examples of Xybernaut intellectual property in these areas include computers combined with protective garments such as body armor, HAZMAT response garments, clean-room garments and others.

WHAT/WHEN:
Taipei International Apparel Show 2004 -- September 21 - 23
For detailed information on the event, visit www.titas.com.tw.

WHERE: NOTE: Registered Guests Only
Taipei World Trade Center
5 Hsinyi Road, Sec. 5, Taipei 110, Taiwan

HOW TO COVER THE NEWS:
Media representatives should contact Xybernaut Corporate
Communications at 703-631-6925 or publicrelations@xybernaut.com.



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 and China). Visit the Xybernaut Web site at www.xybernaut.com. Product photos are also available directly from Xybernaut.

Xybernaut and the Xybernaut logo 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.

SOURCE: Xybernaut Corporation

Xybernaut Corporation
Michael Binko, 703-631-6925
publicrelations@xybernaut.com


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VTB estimates that the bank currently spends $30-40 million on Information and Telecommunications Infrastructure (ITT) development every year. According to VTB's management, intends to become the most technological bank in Russia in three years. In fact, the VTB formally documented IT strategy indicates that the banks' management plans to spend more than $100 million on ITT enhancements to achieve these objectives.

"This ITT enhancement initiative is a critical step for VTB and we anticipate measurable benefits to our operational efficiency and quality of customer service," stated Andrey Korotkov, senior vice president for VTB. "Xybernaut was chosen as a member of this technology team because of their proven success in mobile/wearable computing with large government customers and Fortune 500 enterprises. We are not only interested in Xybernaut hardware and systems but in its know-how, intellectual property and solutions services. This mix of capabilities was an important differentiator in our selection process. We have already identified several IT objective that Xybernaut has been selected to accomplish."

Xybernaut and VTB's other ITT development partners, plan to employ a staged approach to bank-wide implementation using pilot-programs, testing/evaluations, reports and refinements related to areas such as integration with existing VTB information technologies, performance measurements, training factors and return on investment (ROI) studies.

"VTB is putting together a stellar team of IT providers and we look forward to contributing with expertise, experience and technologies that will truly make a difference for VTB," stated Steven A. Newman, president and COO of Xybernaut. "Successes in the banking and finance sector, such as our Atigo deployments for NYMEX member-company MBF Clearing Corp., are providing valuable perspective and metrics that can be used for strategic planning and evaluation of efforts for VTB."

VTB currently has 48 regional representative offices in 11 time zones and over 1000 branches throughout Russia. Recently, VTB has acquired several banks in the Top 30 rating among Russian banks. Integration of these and additional merged banks is one area in which the enhanced ITT strategy is expected to deliver considerable benefit.

Among Russian banks VTB has the broadest network of correspondents. The international network of the Bank is represented by five subsidiaries in Zurich (Switzerland), in Limassol (Cyprus), in Vienna (Austria), in Luxembourg and in Erevan (Armenia), associated bank in Frankfurt-on-Main (Germany), representative offices in Milan (Italy), Beijing (China), Kiev (Ukraine) and Minsk (Belarus).

In addition to traditional banking services, VTB also actively develops retail markets, small business crediting, commercial and residential mortgages, while managing a full service insurance company and a variety of leasing companies. Additional VTB information can be found at eng.vtb.ru.

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 and China). Visit Xybernaut on the Internet at www.xybernaut.com.

Xybernaut, the Xybernaut logo and Mobile Assistant(R) V (MA(R) 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.

SOURCE: Xybernaut Corporation

Xybernaut Corporation, Fairfax
Michael Binko, 703-631-6925
mbinko@xybernaut.com


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