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Subject: [announce] OASIS Member News: XML Global Signs Seven Figure SoftwareLicensing and Support Agreement
--------------------------------------------------------------- XML Global Signs Seven Figure Software Licensing and Support Agreement with Major North American Software Vendor --------------------------------------------------------------- XML Global secures major long-term financial commitment from leading private North American software vendor to integrate and market GoXML(tm) Transform New York, N.Y., June 19th, 2002 - XML Global Technologies, Inc. (OTC BB: XMLG), a developer of XML Middleware today announced that it has signed a three year software licensing and support agreement for GoXML(tm) Transform with one of North America's largest private independent software vendors. The agreement stipulates that XML Global will receive an immediate initial payment of $500,000 and is guaranteed annual royalty payments over the contract's term. The contract is worth a minimum of $1.25 million over its term. Under the agreement XML Global will grant a non-exclusive worldwide license to use and distribute GoXML(tm) Transform only as an embedded component of the software vendor's products. The agreement is effective immediately and shall remain in effect for a period of three years at which point it will be automatically renewed for successive one-year periods. In addition to the initial payment, XML Global will receive, on a quarterly basis, a percentage of license royalties with a stipulated minimum annual payment. "We are very excited to have signed an agreement with a recognized market leader who is focused on deploying adapter and integration solutions," said Gordon Ebanks, Executive Vice President of Sales and Marketing for XML Global. "Data transformation technology is at the heart of any integration initiative, "explained Ebanks, "and by committing to GoXML(tm) Transform we believe they have chosen the best product available. We look forward to expanding this relationship and are confident this agreement has the potential to generate at least mid seven figures for XML Global over its three year term." "XML Global is enjoying a rapidly rising profile in the data transformation sector," stated John McAughtry, President of XML Global, "and this most recent announcement is further evidence of the strength and importance of our technology. XML Global shares a commitment to efficient and cost effective business integration solutions and we look forward to helping our partners meet their corporate and technical objectives. This agreement comes at a very opportune time for XML Global," added McAughtry, "as we will now be in a much better position to advance our business plan on schedule and take advantage of the growing number of opportunities being presented to us." 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
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