Document Transformation and Indexing Solution to Process 30 Million French Government Tax Forms
PARIS, France, May 12, 2005 - Xenos Group, Inc. (TSX: XNS), the Data to e-Content Company™, today announced that the DGCP (Director General for Public Accounts/la Direction Générale de la Comptabilité Publique ) has selected Xenos d2e Platform software. The DGCP, the revenue and tax department of the French government, is responsible for auditing the use of public funds and the management of tax forms from French taxpayers. Despite the growth in online tax filing, there are still 30 million paper tax form submissions each year which the DGCP is responsible for securely archiving.
DGCP chose the Xenos d2e Platform solution to meet this requirement and enable efficient archiving of all French taxpayers’ forms. With its data extraction, document separation and document repurposing and transformation capabilities, Xenos d2e Platform solution was selected for its proven high volume performance and document fidelity. Now DGCP can transform these official documents from IBM AFP format to Adobe PDF and repurpose, archive, retrieve, print and view them on-line using a web-based application.
“Large organizations such as the DGCP are not only concerned with reducing costs associated with printing and paper but also with regulatory and standards compliance. Xenos is providing effective archival and web presentment solutions to meet these critical requirements in the current business climate", said Hervé Pottier, the Xenos business development manager for Southern Europe.Xenos has provided data and document management 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 and Xenos 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.
Editorial Contacts:
Heidi Rosenberg
Nadel Phelan, Inc.
Tel: +1 (831) 440-2405
E-mail: heidi@naelphelan.com
Investor Relations Contact:
Cory Pala
Xenos Group, Inc.
416-657-2400
cpala@xenos.com
Any forward-looking statements that may be contained in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date made and constitute the Company's current intentions, hopes, beliefs, expectations or predictions of the future, which are therefore inherently subject to risks and uncertainties. Forward-looking statements are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
© 2005 Xenos Group Inc. All rights reserved.