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XYBIT TERMINATES DEALINGS WITH BONDNET TRADING SYSTEMS

 XYBIT TERMINATES DEALINGS WITH BONDNET TRADING SYSTEMS
 FRANKLIN SQUARE, N.Y., Feb. 10 /PRNewswire/ -- XYBIT, Inc., an over-the-counter company, today announced the termination of all further dealings with Bondnet Trading Systems, Inc. ("BNT") and Gordon Henderson, its president, regarding a contemplated Bondnet merger based on a Sept. 15, 1991 memorandum of understanding. The termination was occasioned by actions and behavior of Gordon Henderson and BNT inimical and damaging to XYBIT.
 XYBIT management also announced that it has engaged counsel for the pursuit of appropriate remedies against Henderson, BNT, and any necessary third parties.
 -0- 2/10/92
 /CONTACT: XYBIT Public Relations, 516-354-5820/ CO: XYBIT, Inc.; Bondnet Trading Systems, Inc. ST: New York IN: SU


JT-OS -- NY042 -- 3572 02/10/92 11:52 EST
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Publication:PR Newswire
Date:Feb 10, 1992
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