[announce] OASIS Member News: XML Global Completes PreviouslyAnnounced Financing with Paradigm Group

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

Press Release

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           XML Global Completes Previously Announced         
                 Financing with Paradigm Group                 
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New York, NY, February 5, 2003 - XML Global Technologies, Inc. 
(OTC BB: XMLG), a developer of XML middleware today announced 
that Paradigm Group has completed the balance of the $2 million 
financing previously announced on August 23, 2002. XML Global 
received an immediate $415,000 cash payment and a fully 
guaranteed promissory note for the balance of $200,000. The 
balance is to be paid with interest upon the completion of a 
registration of the underlying shares.

About The Paradigm Group
-------------------------
The Paradigm Group is a private investment firm, which originates, 
structures and acts as a equity investor in growth capital 
financing. These financings include, but are not limited to, 
private or venture financing, bridge loans, and public equity 
financing. The Paradigm Group has invested over $100 million of 
equity in approximately 70 corporate transactions. In March 2001, 
the firm embarked upon funding the Paradigm Millennium Fund. 
This fund will invest primarily in the public equity markets 
and Paradigm will utilize its vast resources to aid in helping 
portfolio companies achieve their personal financial goals. 
Paradigm conducts its investment activities through its wealth 
of strategic investors as well as its strategic relationships 
and it leverages these resources through the diversity and 
experience of its partners. 
For more information visit www.paradigmventure.com

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. 
Its GoXML(tm) Registry product centralizes and organizes 
business documents, processes, and services, then shares that 
information to enable business process integration.
 
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	Corporate Communications - XML Global Technologies, Inc.
		Phone	1-604-717-1100 ext.112
		1-800-201-1848 ext.112
Email		communications@xmlglobal.com
Web		www.xmlglobal.com