Xybernaut Corp. (fka XYBR)

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liberty media/opentv/wink

Wink Communications, a developer of interactive TV
advertising software, announced on Tuesday that its shareholders have
approved its previously announced acquisition by Liberty Broadband
Interactive Television (LBIT) for about $100 million in cash. "I am
pleased that the shareholders have approved the merger," said Wink CEO
Maggie Wilderotter. "The complementary strengths of LBIT assets will
provide a unique opportunity to accelerate the ITV business domestically
and globally." LBIT is a division of Liberty Media, which of late has also
acquired interactive TV software provider OpenTV for $185 million, as well
as the stake it didn't already own in interactive ad software firm ACTV.
Alameda, Calif.-based Wink's technology allows owners of Wink-enabled
set-top boxes to interact with ads and other TV content using their
television's remote control.

Wink Communications Shareholders Approve the Liberty Broadband Interactive Television Merger
ALAMEDA, Calif., Aug. 19 /PRNewswire-FirstCall/ -- Shareholders of Wink Communications (Nasdaq: WINK - News) approved the merger between Wink and a subsidiary of Liberty Broadband Interactive Television (LBIT) at a special shareholder meeting held at Wink's headquarters today. Over 69% of the outstanding shares were voted in favor of the merger.

(Photo: http://www.newscom.com/cgi-bin/prnh/19991103/WINKLOGO )
"I am pleased that the shareholders have approved the merger," said Maggie Wilderotter, Wink's chief executive officer. "The complementary strengths of LBIT assets will provide a unique opportunity to accelerate the ITV business domestically and globally."

Company Background

About Wink Communications - Wink is the leading mass-market interactive television solution in North America, giving viewers a free and convenient way to interact with programs and advertisements while they continue to watch TV. By clicking a button on their remote control during an enhanced program or advertisement, viewers can access program-related information (such as weather, sports updates, trivia and play-along games) request product samples, coupons and other free offers from advertisers or make purchases instantly. The company's end-to-end system enables advertisers and programmers to process transactions while offering viewers instant interactive entertainment and information retrieval. Wink's technology also collects, analyzes and routes viewer behavior and response data to give advertisers and broadcasters a tool to collect consumer and viewer research and to evaluate the success and value of their television campaigns. Introduced in June of 1998, Wink is currently distributed through partnership agreements with major cable and satellite operators, network and cable broadcasters, national advertisers and manufacturers of consumer electronics equipment.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by us) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Wink.

Wink Communications filed a proxy statement and other relevant documents concerning the merger with the SEC. Investors are able to obtain the documents free of charge at the SEC's website, www.sec.gov. or from Wink's Investor Relations Department at 1001 Marina Village Parkway, Alameda California, 94501, telephone [phone].

NOTE: WINK is a registered trademark of WINK Communications, Inc. All other products or brand names are trademarks or registered trademarks of their respective owners.

SOURCE: Wink Communications