OASIS Member News: XML Global Signs Letter of Intent to AcquireBluestream Database Software Corp.

[Teresa Cheung <teresa.cheung@xmlglobal.com>]

Press Release

XML Global Signs Letter of Intent to Acquire Bluestream Database Software
Corp.

Vancouver, B.C., December 7th, 2000, XML Global Technologies, Inc. (XMLG
OTC:BB) (www.xmlglobal.com), architects and builders of XML powered
e-business platforms, announced today that it has signed a letter of intent
to acquire Bluestream Database Software Corporation, a privately held
company based in Vancouver, British Columbia. Bluestream(tm) is a database
company specializing in developing and implementing native XML database
technology.

The cornerstone of a successful XML based e-business platform is to have
search, transformation and storage capabilities seamlessly integrated into a
single software solution. The combination of XML Global's premier searching
system, GoXML(tm) and its patented EDI/XML transformation software,
ExpressXCHG(tm) with Bluestream's native XML database technology will
provide just such a fully integrated XML based e-business platform. By
incorporating these three key XML based technologies for searching,
transformation and storage, XML Global will be in the unique position of
being able to offer Global 2000 companies a complete XML based business
platform solution.

"This acquisition has come at exactly the right time for XML Global and our
strategy of focusing on the e-business platform market," said Peter Shandro,
CEO of XML Global. "With leading standards bodies and key industry
participants, including Microsoft, Oracle and IBM, all working on major XML
initiatives, it is clear XML technology is underpinning the next evolution
of the Internet. By integrating the core computing functions of searching,
transformation and storage into one dedicated XML based solution," continued
Shandro, "XML Global will be able to confidently offer global corporations a
robust and highly scalable XML based e-business platform."

Under the terms of the agreement it is expected that XML Global will acquire
all of the outstanding shares of Bluestream for a combination of cash and
stock of XML Global Technologies, Inc. Bluestream's management team and
database specialists are all expected to join XML Global. The final terms
and conditions of the acquisition will be approved at special meetings of
the Board of Directors of each company. The acquisition is expected to close
by December 31st, 2000.

About Bluestream(tm)
Bluestream was founded in April 1997 by experts with a track record of
developing ground-breaking database technology for companies including
Microsoft, IBM, and Adobe. Bluestream is privately held with headquarters in
Vancouver, Canada. Bluestream's database technology is targeted at Java
application developers writing net-centric applications. Bluestream's
objective is to be the leader in providing database engine components and
services to the Java database market.

About XML Global Technologies, Inc.
XML Global Technologies, Inc. engineers and deploys XML-based web
infrastructure tools for e-business. Leveraging its patented XML
technologies for searching, EDI/XML transformation, data storage and
transaction authentication, XML Global provides a solid XML-based foundation
for a wide range of e-business programs. XML Global's core products include:

*Searching:      GoXML(tm), a patent pending contextual XML search engine.
*Transformation: ExpressXCHG(tm), a patented EDI/XML transformation
                 software.
*Authentication: Ceremony(tm), a patented authentication software product.

By integrating and applying these core technologies XML Global will profit
by empowering its clients to build and manage successful technology
platforms for web services, net markets and related e-business initiatives.

XML Global supports and is actively involved in a number of industry
infrastructure initiatives and standards bodies including ebXML, UDDI,
OASIS, and W3C.

For further information please visit our website at www.xmlglobal.com or
call the numbers below.

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
prospectus, which is on file with the Securities and Exchange Commission.


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