| Ticker: XYBR | 12701 Fair Lakes Circle, Suite 550 | |
| Exchange: NASDAQ-Small Cap Market | Fairfax, Connecticut 22033 | |
| Industry: High-Tech | (703) 631-6925 |
| Type of Shares: | Common Shares | Filing Date: | 4/29/96 | |
| U.S. Shares: | 2,100,000 | Offer Date: | 7/18/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $5.00 | |
| Primary Shares: | 2,100,000 | Offer Price: | $5.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.50 | |
| Offering Amount: | $10,500,000 | Selling: | $0.15 | |
| Expenses: | $911,500 | Reallowance: | $0.03 | |
| Shares Out After: | 13,819,218 |
| Manager | Tier | Phone |
| Royce Investment Group, Inc. | Lead Manager | (516) 364-8300 |
| Kensington Wells Incorporated | Co-manager | (516) 742-4444 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $0.08 | $0.32 | $0.03 | Assets: | $1.09 |
| Net Income: | -$1.30 | -$0.70 | -$0.45 | Liabilities: | $2.88 |
| EPS: | -$0.12 | -$0.06 | -$0.04 | Equity: | -$1.79 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company is engaged in the research, development and commercialization of mobile computer systems and related software solutions designed to enhance all aspects of personal productivity, especially in commercial, industrial and military applications. The Company's first mobile computing product is the patented Mobile Assistant, which is a full function body-worn, voice-controlled personal computer with a head-mounted video display providing true computing mobility through hands-free operation. With the speed, memory, data processing, multimedia and communications capabilities of a desktop PC in a lightweight unit, the Mobile Assistant combines full function PC features with simultaneous user mobility. The Mobile Assistant combines full function PC feature with simultaneous user mobility. The Mobile Assistant with application software is designed to allow workers with minimal training to perform complex and time consuming tasks such as maintenance, repair and inspection of complex technological and mechanical systems, retrieval and analysis of medical information from remote locations, and coordination of remote commercial and industrial activities and military field operations, in a more efficient manner than current technology allows. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for marketing and sales, acquisition of inventory for the Mobile Assistant, research and development, capital expenditures, debt repayment, acquisition of an affiliate and working capital, including general and administrative expenses. |
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