FAIRFAX, Va., Nov. 28 /PRNewswire/ -- Xybernaut Chairman and CEO Edward Newman was recently invited by the Peoples Republic of China's (PRC) highest intellectual property body and its most prestigious media and press to speak on the future of world technology and the importance of intellectual property policies and procedures. (Photo: http://www.newscom.com/cgi-bin/prnh/20000811/XYBLOGO ) The two-hour presentation and follow-on question and answer session, which took place in Beijing, was very well received, and has resulted in increased interest by the PRC and the general acceptance of Xybernaut's emphasis on the importance of intellectual property as China moves to strengthen its membership in the World Trade Organization. In the days following the presentation, Newman was introduced to the country's leading technology and marketing organizations as well as top governmental bodies for discussions on China opening its commercial and industrial markets. Newman stated "I am pleasantly surprised by how rapidly those discussions have led to serious negotiations with very strong potential customers and strategic partners. Xybernaut is fortunate indeed to have key executives already familiar with the PRC and its directly applicable markets, languages, business practices and customs, as well as proven experience in establishing successful business partnerships in that part of the world." Tod R. Rehm, President and COO of Xybernaut Corporation said, "Obviously we are very excited about the tremendous additional potential that the PRC provides with regard to the mobile wearable computer marketplace." With over one billion people and a new governmental philosophy of looking for better ways of doing business with and opening its markets to the world, the PRC is seen as both a major marketplace for Xybernaut as well as a potential source of high-quality, lower-cost manufacturing for its planned mobile wearable computer consumer product lines. About Xybernaut Corporation: Since its founding in 1990, Xybernaut (Nasdaq: XYBR) has been the leading provider of mobile, wearable computing hardware, software and services, bringing wireless communications and full-function Pentium computing power in a hands-free design to people when and where required. With over 500 patent applications granted or pending worldwide, Xybernaut is well positioned to continue its leadership role in this market. The Mobile Assistant IV (MA IV(R)), Xybernaut's current mobile, wearable PC, runs all major operating systems on Intel x86 architecture, such as Windows or Linux. With the MA IV, customers can realize immediate productivity increases and savings in maintenance and repair, diagnosis, inspection, inventory control and data collection procedures. Xybernaut provides management and information technology consulting services, along with asset management software, for telecommunications systems, roads, waterways, railways, utility, pipelines, and other. Solutions have been developed for all major operating systems and architectures. Xybernaut's target markets include manufacturing, distribution, transportation, government, and utilities. Headquartered in Fairfax, Virginia, Xybernaut has offices and subsidiaries in Europe and Asia. Visit Xybernaut's Web site at http://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.
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