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Subject: OASIS Member News: XML Global Completes Acquisition of BluestreamDatabase Software Corp.
Press Release
XML Global Completes Acquisition of Bluestream Database Software Corp.
Vancouver, B.C., January 19th, 2001, XML Global Technologies, Inc. (XMLG
OTC:BB) (www.xmlglobal.com), a product focused XML powered e-business
platform company, is pleased to announce that it has completed the
acquisition of Bluestream Database Software Corp., a privately held company
based in Vancouver, British Columbia. Bluestream(tm) is a database company
specializing in developing and implementing native XML database technology.
Under the terms of the acquisition agreement, XML Global Technologies, Inc.
has acquired all of the outstanding shares of Bluestream for cash of
$243,000, payable in installments over 120 days, $82,000 of assumed debt
and 100,000 shares of XML Global Technologies, Inc. Bluestream's CEO and
Founder, Jim Tivy, along with one other XML database specialist, will join
XML Global to continue their work with native XML database technology as it
relates to XML Global's strategic e-business initiatives.
Bluestream's proprietary native XML database technology will be re-branded
as GoXML(tm) DB and will join GoXML(tm) Search and GoXML(tm) Transform as
XML Global's three key software products targeting the essential business
functions of data storage, search and transformation. These core software
products are modular, scalable and interrelated and can be used as
standalone solutions from the GoXML(tm) Foundation product suite. In
addition, GoXML(tm) Foundation is integrated as a component of GoXML(tm)
Central, a complete XML based e-business platform for global electronic
marketplaces. With these focused XML based initiatives XML Global can offer
Global 2000 companies a complete and integrated XML based e-business
solution.
"We are very pleased to have Jim Tivy and Bluestream's proprietary native
XML database technology as a part of the XML Global family," said Peter
Shandro, CEO of XML Global. "This acquisition fits perfectly into XML
Global's strategic objective of providing global corporations with modular
and scalable XML based e-business platforms and related business
applications. We are confident," continued Shandro, "that with the growing
international acceptance of XML as the technological foundation for global
e-business XML Global's product suite and e-business platform solutions will
attain a dominant market position."
About XML Global Technologies, Inc.
XML Global Technologies, Inc. engineers and deploys XML-based web
infrastructure tools and e-business applications. Leveraging its patented
XML technologies for searching, EDI/XML transformation, data storage and
transaction authentication, XML Global builds and manages complete XML based
e-business platforms as well as providing standalone XML based e-business
solutions. XML Global's core products include:
Searching: GoXML(tm) Search, a patent pending contextual XML
search engine.
Transformation: GoXML(tm) Transform, a patented EDI/XML transformation
software.
Storage: GoXML(tm) DB, a patented native XML database solution.
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
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