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Xenos Reports 20% Annual Growth for Fiscal 2003

TORONTO, Ontario, October 30, 2003 - Xenos Group Inc. (TSX: XNS), the data to e-content company™, today released preliminary revenue numbers for the fourth quarter and fiscal year ended September 30, 2003, and provided an update on recent corporate developments.

Xenos reported that revenue for the fiscal year ended September 30, 2003 was approximately $16.9 million, up 20% from $14.2 million in 2002. Revenue for the final quarter of Xenos' fiscal year was $4.4 million, a slight increase from $4.3 million in the same quarter last year.

"We are pleased with the year's sales performance," said Stuart Butts, Chairman and CEO of Xenos. "Given the generally challenging market environment and a dramatic appreciation of the Canadian dollar we have performed very well in achieving our stated revenue growth targets."

Details of the audited financial results for the year will be released in the first half of December 2003.

Xenos also announced today that it has closed an important sale of its d2e Vision™ product to a major US financial institution. "We are off to a good start for fiscal 2004" said Mr. Butts.

With regards to the Company's previously announced deal to acquire substantially all of the business assets of XML-Global Technologies, Inc., proxy materials have recently been mailed to shareholders of XML Global. Shareholder approval is anticipated and the transaction is expected to close in November.

XML Global is a software developer and vendor of XML middleware products based in Vancouver. The acquisition of XML Global enables Xenos to expand into new markets for e-business data transformation. Xenos will acquire XML Global's intellectual property, customer relationships and will retain all employees.

In the interim, Xenos and XML Global have entered into a co-marketing agreement that permits Xenos to offer XML Global's products to customers and prospects prior to the closing of the transaction. The Company is now working on several customer prospects.

About Xenos

Xenos (www.xenos.com) provides software and solutions that enable organizations to transform, re-purpose and distribute electronic content to support their e-business and print strategies.

Xenos d2e Platform™ transforms and re-purposes legacy printstreams into standard electronic formats (e-content) supporting both e-business and print strategies for applications such as electronic statement presentment, enterprise content management/archiving, print automation and customer relationship management.

Xenos d2e Vision™is our next-generation transformation software suite. Written in Java, d2e Vision supports Asian languages that use double-byte character sets. It is designed to be scalable and extensible for dynamic e-business solutions.
infoWEB™software enables organizations to extract, publish and disseminate 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, Financial Services, Insurance, Telecommunications, Utilities, Service Bureaus, Healthcare, Pharmaceuticals, Manufacturing and Government. 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 8.9 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

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

© 2003 Xenos Group Inc. All rights reserved