To OTC Journal Members:
 

XML Global Technologies (OTC BB: XMLG): Deal With Sun Sends Stock Up the Charts

Congratulations to shareholders who have stuck with this one for the last several months. The stock is climbing the charts today on strong volume, up nearly 20% on 500,000 shares in the first half hour of trading.

Just prior to the open of the market, XML Global Technologies announced a joint marketing agreement with Sun Microsystems (NASDAQ: SUNW), the 1200 pound gorilla in the high powered server space.

Back in June the stock began a rebound phase, fueled by the an order 500% larger than any in the company's history. Last month XML Global announced a favorable financing, providing the company with enough capital to insure operations for at least another 18 months. A sophisticated venture fund invested $2 million at $.20 per share, which was about where the market was for the stock. Based on today's news release, it appears the fund manager knew what he was doing.

The capital injection strengthen the balance sheet, thereby reducing the risk of owning the stock. From here, your upside depends on the company's ability to exhibit sales growth.

Today's announcement has shareholders celebrating. Despite the poor performance of its stock, Sun Microsystems still enjoys $12 billion in annual sales. Their servers power major corporations in 170 countries around the world, and their customer base includes thousands of companies who's legacy systems need to be upgraded so they can communicate efficiently with other legacy systems they do business with.

Analysts have observed recently that the growth of computer hardware sales has been slowed by the lack of new software applications. Fledgling XML Global Technologies has now been singled out by Sun Microsystems as a company that has the potential to provide new applications which would help fuel demand for hardware.

In addition, it was disclosed in the press release that XML Global would be exhibiting in the upcoming Sun sponsored SunNetwork 2002 Conference being held in San Francisco's Moscone Center from September 18th to 20th.

This alliance not only bodes extremely well for future sales, but also bodes extremely well for recognition of XML Global by the investment community which could benefit shareholders through price appreciation in the stock.

We have always felt this stock was destined to rebound to the $.30 level in the near term, with unlimited potential beyond. Perhaps this news will help us take a major step in that direction.

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MarketByte LLC has been paid the following fee by XML Global for a year of representation extending from February 2, 2001 to February 2, 2002: $100,000 cash, 60,000 shares of free trading stock, 60,000 shares of restricted stock which are now free trading, and 60,000 options exercisable at $2. The 60,000 shares of free trading stock have been contributed by a third party on behalf of the company. MarketByte's contract to represent the company expired February 2, 2002. The contract was renewed for another year, and XML Global has paid compensation of $20,000 in cash and one million shares of newly issued restricted common stock. Please review our policy on selling shares found in our Mission Statement on our home page.

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