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Subject: OASIS Member News: XML Global Releases Third Quarter 2001 FinancialResults
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XML Global Releases Third Quarter 2001 Financial Results
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Vancouver, B.C., May 15th, 2001 - XML Global Technologies, Inc. (OTC BB:
XMLG), a product focused, XML powered, e-business platform company,
today announced its Q3 2001 Financials. Revenues for the period were
$240,000 up from $7,330 for the corresponding period in 2000. Cumulative
revenues to March 31st, 2001 were $1,053,000 up from $30,000 for the end
of the third quarter 2000.
Net loss for the quarter was $1,411,000 or $0.05 per share on a basic
and diluted basis, compared to a net loss of $497,000 or $0.02 per share
reported for the same period last year. The cumulative net loss for the
nine months ending March 31st, 2001 was $2,937,000 or $0.11 per share on
a basic and diluted basis. To view the complete 10-QSB filing please
visit www.freeedgar.com
"Despite recent pronouncements regarding an uncertain economy for high
tech we are extremely happy with our progress to date," stated Peter
Shandro, CEO of XML Global Technologies. "Since the April launch of our
data integration platform, GoXML(tm) Foundation, and the unrolling of
our marketing initiative we have had some early successes, most notably
our multi license agreement with MedChannel for GoXML(tm) Transform.
"With proven XML products," continued Shandro, "as well as an aggressive
marketing and advertising campaign we are enjoying a rapidly growing
sales pipeline and anticipate strong future revenue growth."
XML Global had an exciting quarter making substantial progress in
several key areas. Most important was the launch of GoXML(tm) Foundation
that was met with a positive response from both the market and the
media. The multi license agreement with MedChannel is a reflection of
the response and XML Global is optimistic the sales success will
continue. The company attended several strategically important trade
shows, most notably AIIM in New York and then the FMI show in Chicago.
Both shows gave the company the opportunity to showcase its products and
to generate a large number of qualified sales leads. XML Global
continued to add new hires in both the product development and sales
sides to deal with the rapidly growing client base.
About XML Global Technologies, Inc.
XML Global Technologies, Inc. provides an XML-based data integration
platform, GoXML(tm) Foundation, and an application-to-application
integration platform, GoXML(tm) Central. These products form a core
framework for additional expansion as the enterprise builds or enhances
its infrastructure. GoXML(tm) Foundation includes:
Searching: GoXML(tm) Search, a scalable, context-based XML
search engine that delivers precise results.
Transformation: GoXML(tm) Transform, a transformation engine for
dynamic exchange of XML, EDI, and other
data formats.
Storage: GoXML(tm) DB, a native XML database with a high
performance query engine.
GoXML(tm) Central is an XML platform for global participation in
electronic marketplaces. It uses ebXML methodologies and is designed for
interoperability, allowing businesses to find each other, form trading
partner agreements, and conduct business electronically. XML Global
empowers its clients to build and manage technology platforms for web
services, net markets and e-business initiatives. For more 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 registration document, SB-2/A, which is on file
with the Securities and Exchange Commission.
PR Contact Information
Contact Anthony Dutton
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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