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Grinnell Mutual Reinsurance Company Web Enables Agents With Xenos GoXML™

New Solution Provides Improved Information Access and Enhanced ACORD Capabilities

TORONTO, Ontario, August 31, 2004 - Xenos Group Inc. (TSX: XNS), the data to e-content companyT, today announced the successful implementation of Xenos' GoXML Integration Solution with Grinnell Mutual Reinsurance Company. The new system provides field agents with real-time access to information and ACORD based insurance policy generation. With more streamlined processes, GoXML will increase Grinnell's competitiveness, efficiency and customer satisfaction while reducing IT overhead costs with a single, open-standards based platform across the company.

Based in Iowa, Grinnell Mutual Reinsurance has protected the assets of farming communities throughout the Midwest since 1909. To help a team of nearly 4,000 independent agents remain competitive in today's insurance market, Grinnell chose Xenos' GoXML solution to accelerate web-based transactions and provide instant access to business critical information for faster service delivery.

"Our agents conduct business in a highly competitive industry," said Carla Kelling, Assistant Vice President of Information Technology, Grinnell Mutual Reinsurance Company. "Expecting a client to wait for policies or information can result in lost business, so there's a definite need for faster transactions. GoXML allows agents to process quotes and customer account applications and receive an instantaneous response without ever leaving the client's side."

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Simplifying ACORD updates

The Association for Cooperative Operations Research and Development (ACORD) helps insurance, reinsurance and financial service industries share information through the use of standardized documents or ACORD Forms. With over 450 ACORD Forms approved for use throughout the U.S., the ability for agents to send and receive them over the Internet is crucial. As such, the integration of GoXML into Grinnell's existing infrastructure has also helped the company manage ACORD compliance issues.

Previously, changes to an ACORD Form, no matter how simple, required a costly and time consuming reprogram of Grinnell's COBOL system. If changes were frequent, reprogramming took longer and interruptions were frequent. Because GoXML comes complete with a powerful visual mapping interface which eliminates custom coding, ACORD Form changes are more easily and quickly adapted, without changing the legacy programs.

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Ease of integration within budgets

At any given point, nearly 4,000 agents throughout the Midwest rely on Grinnell's IT backbone for information. Finding a transaction processing system that easily integrated without disrupting day-to-day activities was vital to Grinnell's agents and IT department. The company chose GoXML for its ease of installation and compatibility with existing applications. In turn, this translated into fewer professional services hours spent on implementing the solution.

"Insurance companies like Grinnell are seeking ways to improve productivity within their existing IT budgets," said Bill Kurtz, Vice President of Sales and Marketing at Xenos. "This is a great example of how GoXML integrates with legacy systems and provides field agents with greater agility by providing fast access to web-based information."

As Grinnell's infrastructure needs evolve, Xenos will continue working with them to meet their requirements.

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About Grinnell Mutual Reinsurance Company

Grinnell Mutual Reinsurance Company (www.gmrc.com) is the 127th largest property-casualty insurance company in the United States. Soon to celebrate 100 years of business, Grinnell Mutual reinsures over 280 affiliated farm mutual companies.

Nearly 4,000 licensed independent agents write personal and commercial lines coverage with Grinnell Mutual in Iowa, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wisconsin.

Based in Grinnell, Iowa, Grinnell Mutual maintains an A.M. Best Rating of A. The A.M. Best Company and the Best's Rating are recognized worldwide as the benchmark for assessing insurers' financial strength and reflect an in-depth knowledge of the insurance industry.

For the second year in a row, Grinnell Mutual has also been named to the Ward's 50 Benchmark Group. Over 2,700 property-casualty companies were analyzed, and 50 chosen by Ward Group for outstanding financial results in safety, consistency and performance over a five-year period. Ward Group of Cincinnati, Ohio, is a management consulting firm specializing in the insurance industry. It is the leading provider of benchmarking and best practices consulting services throughout the U.S. and Canada.

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About Xenos

Xenos has provided data and electronic document transformation solutions for over 20 years. Its solutions are embraced worldwide, across a wide variety of industries, including healthcare, financial services and government. Xenos improves the efficiency of information and data management while preserving investments in existing IT infrastructure, systems, applications and procedures. Its solutions provide the capture, composition, transformation, enhancement, repurposing, storage, retrieval and distribution of documents across the enterprise. Xenos data solutions are used to integrate incompatible applications, business processes, enterprise systems, partners, structured data, databases and Web services. Its product offering includes Xenos d2e, Xenos infoWEB, Xenos terminalONE and GoXML. Xenos has offices in Canada, the United States, the United Kingdom and France. Xenos trades on the Toronto Stock Exchange under the trading symbol "XNS." For more information visit www.xenos.com.

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Vice President Sales and Marketing
Bill Kurtz
Tel: +1 (203) 849-7632
Fax: +1 (203) 229-9731
E-mail: bkurtz@xenos.com

Investor Relations Contact:
Cory Pala
Xenos Group, Inc.
416-657-2400
cpala@xenos.com