Xenos Group Inc. announced the signing of a non-binding letter of intent pursuant to which Xenos is to acquire substantially all of the business assets of XML-Global Technologies, Inc. Xenos will acquire XML Global’s intellectual property, customer relationships and will retain all employees. The transaction is subject to execution of a definitive agreement and all requisite regulatory and shareholder approvals. It is anticipated that the transaction will close on or about September 30, 2003. Further details will be made available upon the execution of a definitive agreement. www.xenos.com, www.xmlglobal.com
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