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Subject: [announce] OASIS Member News: XML Global Reports Early Sales ofGoXML(tm) Transform, Signs Contract with HomeSource Capital
------------------------------------------------------------------------- XML Global Reports Early Sales of GoXML(tm) Transform Signs Contract with HomeSource Capital ------------------------------------------------------------------------- Vancouver, BC, November 14th, 2001 - XML Global Technologies, Inc. (OTC BB: XMLG), an XML middleware company, announced today that following the November 1st, 2001 launch of GoXML(tm) Transform 2.0, it has secured some early sales success with its XML transformation solution. XML Global signed a purchase contract with HomeSource Capital, who will use the GoXML(tm) Transform 2.0 technology to increase efficiency, reduce costs and streamline the mortgage approval process. HomeSource Capital, as one of North America's leading mortgage specialists, has lending relationships with a wide range of financial institutions including banks, credit unions and trust companies. To facilitate an efficient mortgage approval process, HomeSource Capital needed to exchange data between these various institutions in a common and mutually understandable format. GoXML Transform 2.0 is able to overcome this hurdle with its powerful and patented XML transformation engine that will allow all participants in the mortgage approval process to transform their data, whether it be EDI or other legacy system, into XML and back again. In addition to using GoXML(tm) Transform 2.0 externally with its lending partners, HomeSource Capital will also use the software in-house to ensure that all of its mortgage specialists, and others crucial to the mortgage approval process, have ready access to the same information. By using GoXML(tm) Transform as an integral component of its IT infrastructure, HomeSource Capital will be able to offer its clients the most competitive mortgage available in the quickest possible time. "HomeSource Capital is committed to maintaining and expanding its leadership position as a mortgage specialist," said Erskin Bell, CIO of HomeSource Capital, "In order to do this HomeSource must dramatically increase its data transformation capabilities both internally and externally. After examining the market, HomeSource Capital concluded GoXML(tm) Transform 2.0 offers the efficiencies, scalability and flexibility needed to maintain our growth without compromising the needs of our clients and lending partners." "XML data transformation technology is essential to the growth of the financial services industry," stated Peter Shandro, CEO of XML Global, "Organizations need to address the inefficiencies that can arise when critical information is not available to everyone because it is distributed in varying formats across multiple legacy sources. We are very pleased that HomeSource Capital has taken the lead by choosing GoXML(tm) Transform 2.0 to support their initiative of ensuring that all participants in their mortgage network have speedy and efficient access to same information in the same format." About HomeSource Capital ======================== With a history of consistently superior performance and over 100 years of combined experience in the mortgage industry, HomeSource Capital is one of North America's leading mortgage specialists and maintains lending relationships with a wide range of financial institutions including banks, credit unions and trust companies. Dedicated to providing the best home financing experience possible, HomeSource Capital offers the widest range of products at the most competitive prices through a team of highly trained, professional mortgage specialists. Immediate approvals and individualized customer service are a few of the hallmarks consumers have come to expect from HomeSource Capital. For more information please visit www.homesourcecapital.com or call 877-768-7264, toll free. About XML Global Technologies, Inc. =================================== XML Global Technologies, Inc. is an XML middleware company focused on providing a methodical approach to the adoption of XML-based solutions. The Company's GoXML(tm) Transform product line provides a family of three complementary solutions based on a patented XML-centric data transformation engine: * Foundation includes mapping capabilities, automatic document recognition, EDI (electronic data interchange) transaction support, and a native XML repository. * Server extends Foundation's capabilities with workflow control. It provides connectors to backend systems, queuing, scheduling, and recovery and offers plug-ins for IBM's MQSeries. * Central broadens the capabilities of transformation solutions to Web service environments and allows them to integrate metadata registries. The GoXML(tm) Transform product line allows a controlled transition to XML by offering modular and open systems solutions that complement existing applications and infrastructure. The Company is an active member of the ebXML, UDDI, OAG and OASIS standards initiatives. Founded in May 1999, XML Global has its US headquarters in New York, NY, and a research and development office in Vancouver, BC. To find out more about XML Global Technologies (OBB: XMLG), visit our website at www.xmlglobal.com PR Contact Information Contact Anthony Dutton Director of Corporate Communications Phone 1-604-717-1100 ext.112 1-800-201-1848 ext.112 Fax 1-604-717-1107 Email anthony.dutton@xmlglobal.com Web www.xmlglobal.com
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