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UK Insurance Company Invests Over CAD$1.2 million In Xenos Integrated Document Solution™
Xenos’ Customer Correspondence And Data Translation Solution Enables Multi-Channel Delivery Of Business Critical Documents
TORONTO, Ontario, February 19, 2008 —Xenos Group Inc. (TSX: XNS) today announced that it has won a major contract with a UK insurance company, worth in excess of CAD$1.2 million (£650,000). The company will roll out the Xenos Integrated Document Solution™ (IDS™), which comprises Xenos terminalONE™ data translation and transportation software integrated with Document Sciences’ xPression® suite for document composition and customer correspondence, in Q2 2008. Xenos revenue recognition for this transaction will be spread out over the first three quarters of its current fiscal year.
The implementation of xPression and terminalONE software replaces the cumbersome and costly systems currently used by the insurance company to create, format, produce and print business critical documents, such as statements, policy schedules, insurance certificates and customer correspondence.
Managing Director of Xenos Europe Ltd., Jeff Mills comments, “Xenos terminalONE will enable the company to take document requests from their existing systems, translate and transform proprietary data formats into XML files and handle multi-channel delivery, including bulk printing and archiving.”
By the end of 2008 the Xenos IDS solution will be seamlessly integrated with the company’s business systems, providing complete control of the entire document management process.
About Xenos
Xenos (TSX:XNS) high-performance software solutions streamline enterprise information supply chains. We enable our customers to process, transform, repurpose, personalize and deliver their data and documents when they need it, where they need it and how they need it. Xenos extends the value of existing IT investments, enabling organizations to increase efficiency, agility and accountability.
By streamlining, standardizing and automating the handling of information on demand, our customers reduce costs while increasing a powerful competitive advantage—adaptability. Xenos has customers worldwide in financial services, insurance, healthcare, telecommunications, manufacturing, logistics, transportation, retail and government sectors. Xenos sells and supports its solutions directly from offices in Canada, the United States, the United Kingdom and France and through a global partner network. For more information, visit
www.xenos.com
Editorial Contacts:
Graham Barker
Xenos Group Inc.
+1 905 763 5103
gbarker@xenos.com
Investor Relations Contact:
Cory Pala
Xenos Group, Inc.
+1-416-657-2400
cpala@xenos.com
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