[announce] OASIS Member News: XML Global Announces Financial Resultsfor Period Ending September 30th, 2002

[Anthony Dutton <anthony@xmlglobal.com>]

FOR IMMEDIATE RELEASE

Press Release

XML Global Announces Financial Results for Period Ending September 30th,
2002

XML Global's tightened business focus continues to generate strong quarterly
revenue growth and improved gross profit margins.

New York, N.Y. - October 30th, 2002 - XML Global Technologies, Inc. (OTC BB:
XMLG), a developer of XML middleware, today announced its financial results
for first quarter of fiscal 2003 or the period ending September 30th, 2002.

Revenue for the first quarter 2003 was $318,766, an 89% increase in revenue
from the same period in fiscal 2002 and a 25% increase in revenue from the
previous quarter. The gross profit for the quarter was $271,012 representing
a gross margin of 85% as compared to 42% for the same period in fiscal 2002
and 66% for the previous quarter. Over the 12 month period costs have been
continually rationalized resulting in reduced operating expenses of
$1,095,094 for the quarter, a 19% decrease over the same period in fiscal
2002. As a result of increasing revenues and decreasing costs the overall
result for the quarter was an $863,004 net loss, a significant improvement
on the net loss of $1,293,219 for the same period in fiscal 2002.

"In spite of continuing market uncertainty we started fiscal 2003 on a
positive note with increases in both revenues and gross margins," said Peter
Shandro, CEO of XML Global, "as well a reduction in overall operating
expenses. We are now in a much stronger position to drive near term revenue
growth by focusing on our sales and marketing initiatives and our channel
sales partnerships. Our strategy of focusing on license revenues and
reseller channels has been clearly validated and will pave the way for
future growth. I am pleased with our results," continued Shandro, "as we
have made significant progress towards our goal of profitability without
hampering our long term growth potential."

First quarter highlights:
- XML Global deepened its strategic alliances with industry partners by
signing reseller agreements with Metadata in the United States and Republica
in Europe.
- XML Global signed an important Joint Marketing Agreement with Sun
Microsystems.
- XML Global strengthened its sales team with the addition of Don Smith who
is based in Southern California and was previously with Vitria Technology
and Oracle as well as the appointment of John Allen as European Sales
Director, based in Maidenhead, England.
- XML Global continued its push into the e-Government market by selling
GoXML(tm) Registry to the US Government's National Institute of Standards
and Technology.

To view the complete 10-QSB filing please visit www.sec.gov

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 an intuitive, modular
solution for integration of structured data. Its powerful transformation
engine links XML to traditional data formats, like relational and EDI. It
also transforms data between various XML dialects. Transformation solutions
developed with the XML Integration Workbench can be deployed to GoXML
Transform Enterprise Edition for centralized management and connectivity to
integration platforms, message queues, and workflow engines. Interfaces for
Web Services and ebXML allow it to plug into popular e-business
infrastructures.

The Company is an active member of the ebXML, UDDI, OAG, W3C 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 (OTCBB: XMLG),
visit our website at www.xmlglobal.com

PR Contact Information
Contact	Anthony Dutton - XML Global Technologies, Inc.
		Director of Corporate Communications
Phone		1-604-717-1100 ext.112
		1-800-201-1848 ext.112
Email		anthony.dutton@xmlglobal.com
Web		www.xmlglobal.com

Forward Looking Statements
All statements are based on XML Global Technologies, Inc.'s current
knowledge and specific assumptions with respect to future business
decisions. The actual results of XML Global Technologies, Inc. may differ
materially from those indicated by these forward looking statements as a
result of various important factors, including, but not limited to, those
discussed in the Risk Factors section of XML Global Technologies' recent
registration document, SB-2/A, which is on file with the Securities and
Exchange Commission.