Newsletter

May 21, 2001

Volume IV, Issue 46

Email : info@otcjournal.com
URL : http://www.otcjournal.com

To OTC Journal Members:

After a year of dismal performance it's fun to be able to report exciting corporate developments from our featured companies. XML Global (OTC BB: XMLG) hit us with another blockbuster news release today after the close, and MedGrup (OTC BB: CODX) looks poised for record revenues and earnings throughout the remainder of the year. Before the XML press release, here's a minor correction from Friday's edition on MedGrup:

MedGrup (OTC BB: CODX) Correction From Friday's Edition

We spoke with Bill Cronin, Chairman of MedGrup today concerning a minor correction from our piece in last Friday's edition. We report accurate facts, then share our viewpoint concerning how facts can impact the stock.

After speaking with Bill at length today we are more convinced than ever about the future of MedGrup's stock price and corporate performance. It is our opinion MedGrup will have an impressive growth rate for the remainder of the year. The company is turning away business because it cannot build out the infrastructure and find the competent personnel to fill demand for its services.

In Friday's edition we mentioned the implementation of a new contract at Memorial Hermann Hospital in Houston. We mentioned the contract could be three times as large as any in the company's history. The contract is in fact with Houston based Hermann Memorial Hospital Systems. MedGrup is just beginning to perform coding services for two of the hospitals in the system, and Hermann Memorial has asked them to expand to at least one more hospital as soon as feasible. The contract with Hermann Memorial does, in fact, have the potential to be the largest contract in corporate history.

We also mentioned MedGrup plans to pay down its debt over the course of the rest of the year. Bill Cronin informs us this will be easily accomplished, as MedGrup in fact has no debt beyond normal month to month operating accounts.

The company plans to get more active in the press release arena over the next several months, so look for more coverage in future editions. The stock closed at $2.62 today, but we expect much higher levels in the near future.

XML Global (OTC BB: XMLG) In the News Again

XML Global was an outstanding performer last week on the heels of the announcement of a partnership with IBM. The stock traded nearly 1 million shares in one day, and hit a new high since our original release.

As we pointed out in our original profile on this company, there were 4.5 million shares issued two years ago at $1 per share. After holding for two years through the worst bear market in the history of NASDAQ, we suspected beleaguered investors would welcome a break even. The stock has probably traded enough volume to be poised for a move to higher levels.

Today's news release could be the required catalyst to take this stock to the next level. Today, at 6:00 Eastern Time, XML Global announced an OEM Agreement with iWay Software, an international e-business software company.

iWay Software's choice of XML Global's solutions within its product offerings serves as further evidence XML has created viable and valuable tools for the coming eCommerce revolution.

This contract allows XML to benefit from the 1500 salespeople iWay Software has worldwide. iWay Software has installed systems at such well known names as Bell Canada, Merrill Lynch Credit Corp, and Cal Poly Technical Institute.

Here is the complete text of the news release for your review:

Press Contacts:
Kathleen Moran
Information Builders
(917) 339-6313
kathleen_moran@ibi.com

Anthony Dutton
XML Global Technologies
(604) 717-1100 ext.112
anthony.dutton@xmlglobal.com

iWay Software and XML Global Announces New eBIX XML-Based Integration Server
Partnership Aims to Reduce Integration Costs by Delivering XML e-Business Solution

Summit 2001, Orlando, FL – May 21, 2001 – iWay Software, an Information Builders company and market leader in middleware that accelerates e-business initiatives through the rapid integration of complex back-office systems, and XML Global Technologies (OTC BB: XMLG), an XML middleware company, today announced an OEM agreement to develop and market a joint e-business integration solution for complex enterprise environments. Under the terms of the agreement, XML Global and iWay Software will partner to develop and market an entirely XML-based integration solution to be branded eBIX (e-Business XML Integration Server).

eBIX will integrate XML Global’s GoXML™ Transform, a patented transformation engine for dynamic exchange of XML, EDI, and other data formats with iWay Software’s XML server and complete Enterprise Adapter Suite. The complementary technologies will unite in a new XML-based server product that will allow Business Analysts and Systems Integrators to access the extensive information assets contained in more than 120 applications and data sources on 35 platforms. The combined product masks the complexity of back-end systems, allowing users access to all of the valuable assets in the enterprise.

“This product opens up new worlds of e-business communications,” said iWay President John Senor. “XML includes formats that a wide array of organizations can agree on, but XML documents frequently must be populated from legacy applications and data which are hard to reach. With our ability to open up old legacy systems and new e-business applications to XML, our customers will be able to create better integrated applications than ever before.”

“One of the greatest challenges in e-business today is finding transformation technologies that will cost-effectively breathe life into legacy databases and add value to a firm’s information assets,” said Gordon Ebanks, Executive Vice President of XML Global. “The combined iWay/XML Global solution will give organizations a one-stop solution to this problem, allowing them to leverage their information assets in a wide variety of Web-based applications.”

The eBIX product will be available immediately through both iWay Software and XML Global. The two companies will work together to promote the eBIX product through joint sales and marketing efforts and will also jointly support the product through their professional services organizations.

About iWay Software
iWay Software, an Information Builders company, is a market leader in middleware that accelerates e-business initiatives through the rapid integration of complex back-office systems. The company provides e-business-to-enterprise (e2E) integration technologies that enable e-commerce, B2B, EAI, and mobile business applications. Specializing in connecting new e-business applications to back-office systems including legacy information sources, iWay Software provides unparalleled access to more than 120 nonrelational, relational, transaction, and application sources. For more information about iWay software, visit www.iwaysoftware.com

About XML Global Technologies, Inc.
XML Global Technologies, Inc. provides an XML-based data integration platform, GoXML™ Foundation, and an application-to-application integration platform, GoXML Central. These products form a core framework for additional expansion as the enterprise builds or enhances its infrastructure. GoXML Foundation includes:
Searching: GoXML Search, a scalable, context-based XML search engine that delivers precise results.
Transformation: GoXML Transform, a transformation engine for dynamic exchange of XML, EDI, and other data formats.
Storage: GoXML DB, a native XML database with a high-performance query engine.
GoXML Central is an XML platform for global participation in electronic marketplaces. It uses ebXML methodologies and is designed for interoperability, allowing businesses to find each other, form trading partner agreements, and conduct business electronically. XML Global empowers its clients to build and manage technology platforms for Web services, net markets and e-business initiatives. For more information, visit our Web site at www.xmlglobal.com.

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Forward Looking Statements
All statements are based on XML Global Technologies, Inc.’s current knowledge and specific assumptions with respect to future business decisions. The actual results of XML Global Technologies, Inc. may differ materially from those indicated by these forward looking statements as a result of various important factors, including, but not limited to, those discussed in the Risk Factors section of XML Global Technologies’ recent registration document, SB-2/A, which is on file with the Securities and Exchange Commission.

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Disclaimer

The OTCjournal.com Newsletter is an independent electronic publication committed to providing our readers with factual information on selected publicly traded companies. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. Moreover, as detailed below, this publication accepts compensation from certain of the companies which it features. Likewise, this newsletter is owned by MarketByte, LLC. To the degrees enumerated herein, this newsletter should not be regarded as an independent publication.

Click Here to view our compensation on every company we have ever covered, or visit the following web address: http://www.otcjournal.com/disclaimer.html for our full profiles and http://www.otcjournal.com/trading-alerts/disclaimer.html for Trading Alerts. MarketByte LLC has been paid the following fee by XML Global for a year of representation: $100,000 cash, 60,000 shares of free trading stock, 60,000 shares of restricted stock, 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 LLC has been paid a fee of $27,400 and 40,000 shares of MedGrup stock for representing MedGrup for one year. The fee has been paid by SSP Management acting on behalf of MedGrup. Please review our policy on selling shares found within our Mission Statement at our home page.

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