[announce] OASIS Member News: Zurich Financial Services Selects XMLGlobal's GoXML(tm) Transform for its EDI/XML Transformation Needs

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

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Zurich Financial Services Selects XML Global's GoXML(tm) Transform
                 for its EDI/XML Transformation Needs
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Vancouver, BC, December 5th, 2001 - XML Global Technologies, Inc. (OTC BB:
XMLG), an XML middleware company, announced today that it has signed a
purchase contract with Zurich Financial Services which has chosen GoXML(tm)
Transform to facilitate its XML/EDI data transformation process. GoXML(tm)
Transform is a powerful and patented solution for the dynamic exchange of
XML, EDI and other data formats, and is ideally suited to the data
transformation requirements in the financial services industry.

Zurich Financial Services, as one of the world's leading financial
institutions, has critical business relationships with a wide range of
international financial institutions including banks, trust companies and
asset management firms. To facilitate the efficient sharing of data between
these various institutions in a common and mutually understandable format,
Zurich Financial first needed EDI/XML data transformation capabilities.
GoXML(tm) Transform is able to provide this solution with its powerful and
patented XML transformation engine that will allow all business partners to
transform their data, whether it be EDI or other legacy systems, into XML
and back again.

"We did a comprehensive evaluation of the industry's leading data
transformation solutions by looking at functionality, performance,
scalability and vendor responsiveness, and chose GoXML(tm) Transform to
drive our data transformation needs," said Tarmo Ploom of Zurich Financial
Services. "We chose XML Global's product because it will enable us to most
rapidly and cost effectively deliver the EDI/XML data transformation
requirements we and our clients need."

"XML data transformation technology is critical to the growth of the
financial services industry," stated Peter Shandro, CEO of XML Global,
"Inefficiencies can arise when critical information is not available to
everyone because it is distributed in a variety of formats across multiple
legacy sources. Zurich Financial has demonstrated their understanding of
this problem by choosing GoXML(tm) Transform to ensure that all participants
in their IT network have speedy and efficient access to same information in
the same format."

About Zurich
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The Zurich Financial Services Group (www.zurich.com) is a global leader of
integrated financial services, providing its customers solutions in the
areas of financial protection (non-life insurance and structured solutions)
and asset gathering (life insurance and asset management). The Group has
offices in more than 60 countries employing 70,000 people. In 2000, the
Group achieved gross premiums of $50 billion. This amount includes insurance
deposits as well as premiums from the Farmers P&C Group. The net income was
$2.33 billion. On December 31, 2000, the Group had $440 billion of assets
under management of which $259 billion represents funds managed for
third-party institutional and retail customers.

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