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Xenos joins ACORD standards organization

Xenos software supports ACORD XML standards

TORONTO, Ontario, April 8 2003. Xenos (TSX: XNS), the data to e-content company™, today announced that it has joined the US-based Association for Cooperative Operations Research and Development (ACORD), a global, non profit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries.

Standards are sets of rules and guidelines that provide a common framework for communication. ACORD Standards allow different companies to transact business electronically with agents, brokers and other data partners in the insurance, reinsurance and related financial services industries. They serve as a common communication method for use by multiple parties, thereby increasing the efficiency of the entire industry. The implementation of standards-based solutions is an industry-wide strategy.

ACORD XML Standards enable these business benefits:

• More choice for customers to decide how they want to receive services
• Better service to distribution channels and customers at lower costs
• Increased agent and customer loyalty
• Rationalization of insurance carriers' technology investments for distribution channels to both independent agents across the Web and company agents via Extranets

Xenos has incorporated the ACORD XML standards into its software to benefit the insurance industry. XML is an open industry standard developed by the World Wide Web Consortium to facilitate the exchange of structured data between businesses and applications over the Internet.

"We are pleased that Xenos has joined ACORD, " said Ronald Dudley, Vice President, Standards of ACORD. "Xenos has clearly seen the value of incorporating the ACORD standards into its software and services, meeting the strategic requirements of insurance companies to support e-business and online customer self-service on the WEB."

"The ACORD standards are driving improved industry efficiencies and systems interoperability. Xenos has already implemented the ACORD XML standards," said Jim Farmer, President and COO of Xenos. "We are seeing increased demand by insurance companies for ACORD compliant software solutions and are delivering solutions to meet their strategic customer requirements."

About ACORD

Based in New York and with offices in London, ACORD, the Association for Cooperative Operations Research and Development, (www.acord.org), is a global, nonprofit insurance association whose mission is to facilitate the development and use of standards for the insurance, reinsurance and related financial services industries. ACORD accomplishes its mission by remaining an objective, independent advocate for sharing information among diverse platforms. ACORD Standards and services improve efficiency and expand market reach. Affiliated with ACORD are hundreds of insurance and reinsurance companies, and thousands of agents and brokers, related financial services organizations, software providers, and industry organizations worldwide.

About Xenos

Xenos (www.xenos.com) software enables organizations to transform and distribute electronic versions of printed documents, supporting their e-business and print strategies. Xenos d2e Vision™, d2e Platform™ and infoWEB™ software are utilized without changing existing systems.

Xenos d2e Vision and d2e Platform software product lines transform legacy printstreams into standard electronic formats, for applications such as electronic statement presentment, enterprise content management/archiving, print automation and customer relationship management.

infoWEB™ software enables organizations to publish, disseminate and extract critical business information throughout the enterprise. Once processed by infoWEB, clients can access this information using any standard Web Browser regardless of what platform, application or format the information was generated with.

Xenos partners with industry-leading software companies, such as IBM, to provide end-to-end solutions to customers. Xenos products are deployed at organizations worldwide, in industries including banking, insurance, brokerage and telecommunications. Xenos is headquartered in Toronto, Canada, with offices in Dallas, Texas and the United Kingdom. Xenos trades on The Toronto Stock Exchange under the trading symbol "XNS", with approximately 8.6 million shares outstanding.

For more information, please contact:

Cory Pala
Investor Relations
Tel: +1 (416) 657-2400
Fax: +1 (416) 657-2300
E-mail: cpala@xenos.com

Marian Lewandowski
Director of Marketing
Tel: +1 (905) 763-5115
Fax: +1 (905) 709-1023
E-mail: mlewandowski@xenos.com

For further information, visit www.xenos.com

© 2003 Xenos Group Inc. All rights reserved