News & Events Info

Xenos and XML Global Sign Letter of Intent

TORONTO, Ontario, Jul 4, 2003 - Xenos Group Inc. (TSX: XNS), the data to e- content company™, today announced the signing of a non-binding letter of intent pursuant to which Xenos is to acquire substantially all of the business assets of XML-Global Technologies, Inc., a software developer and vendor of XML middleware products based in Vancouver, Canada. Xenos will acquire XML-Global's intellectual property, customer relationships and will retain all employees.

The transaction is subject to execution of a definitive agreement and all requisite regulatory and shareholder approvals. It is anticipated that the transaction will close on or about September 30, 2003. Further details will be made available upon the execution of a definitive agreement.

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.

About XML Global

XML Global Technologies, Inc. (www.xmlglobal.com) is a software developer
and vendor of XML middleware solutions. Founded in May 1999 as a Colorado
Corporation, XML Global has offices in Vancouver, Canada and Boise, Idaho.
In November 2000, XML Global was accepted by the OTCBB for trading on its
exchange and currently trades under the symbol XMLG. The company's GoXML(TM)
Transform product line provides an intuitive, modular solution for
integration of structured data.

For more information, please contact:

Jim Farmer
President and COO
Tel: +1 (214) 969-5341 ext. 5308
Fax: +1 (905) 709-1023
E-mail: jfarmer@xenos.com
Web: www.xenos.com

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

© 2003 Xenos Group Inc. All rights reserved