xRM Global Inc.

xRM Global Inc.

March 03, 2010 08:30 ET

FIG Partners Selects xRM Global's Wealth Solution for Research Dissemination and Relationship Management

New platform to revolutionize delivery of FIG's Research to clients and key relationships

TORONTO, ONTARIO--(Marketwire - March 3, 2010) - xRM Global Inc. ("xRM Global") (TSX VENTURE:XRM) has developed and operates the xRM Utility for some of the largest global enterprises. The xRM Utility is a High Touch – High Trust core infrastructure that manages the most valued relationships across the enterprise.

xRM Global announces today that it has entered into an agreement with FIG Partners, LLC ("FIG Partners"), a broker/dealer focused on research, raising capital, strategic advisory, trading and sales. FIG Partners will use the xRM Utility to reinvent client access to their highly respected research on financial institutions. Components of the contract include professional services fees for customization, a monthly recurring charge for use of xRM Utility's portal (the "Wealth Razor Portal") and a monthly recurring per user fee.

"At FIG Partners, vital systems and tools is the backbone in delivery of market intelligence and research recommendations on financial institutions to our clients," said Christopher Marinac, Managing Principal and co-founder of FIG Partners. "xRM Global offers a complete solution which will create a productive tool for our clients to regularly access our research, but also provide us internally with a compliant authoring workflow, and relationship management tool," continued Marinac. "We are looking forward to implementing the new FIG Partners platform and unlocking the value it will bring to our clients."

FIG Partners is utilizing three specific offerings from the xRM Wealth suite of solutions covering relationship management, research authoring and compliance workflow. In addition, the xRM Wealth Razor Portal efficiently deploys FIG Partners' research on banks and other financial services companies while maintaining strict adherence to regulatory compliance requirements. "Institutional brokers have always needed more efficient ways to disseminate their research and content while maintaining proper compliance and workflow procedures. Additionally, clients demand better access and instant notifications from firms they value and respect such as FIG Partners," said Lou Corsetti, Sales Director, xRM Global.

The new FIG Partners research platform will consist of a new custom publicly available website where qualified clients can log into a dynamic content and research management portal through secure authentication. Clients can then track their FIG Partners research notes and reports and obtain real-time updates as new FIG Partners content is published. Clients can also track discussions about the companies they follow from impactful media sources like business television and investment websites as fed by xRM Wealth Razor. All of these tools for clients are linked through a back-end relationship management system called xRM Wealth. xRM Wealth empowers research authoring tools, workflow and compliance tracking, publishing and dissemination controls, and all the integrated relationship management functionality an institutional firm requires.

"FIG Partners is a top tier research and investment boutique and we are pleased to be a part of transforming their research delivery and content systems" said Gary Bartholomew, Chairman and CEO, xRM Global. He continued, "When the analysis and insights of FIG Partners is a vital portion of your daily investment decision process, it makes sense to have the ability to access that information on a real-time basis. xRM Wealth and its relationship management tools will significantly enhance the experience for FIG Partners, its clients, and other market participants."

About FIG Partners, LLC

FIG Partners forges relationships between community banks and investors via its "Ideas and Execution."

Its independent research on individual banks and the industry at large, plus execution on capital raising, strategic advisory, and market-making, bridges the investment community's demand for above-average returns with the banks' desire for greater exposure.

FIG Partners provides directors, insiders, and other bank investors low-cost liquidity for their shares while creating opportunities for investors seeking entry into unique community bank stocks.

FIG Partners is owned and led by its managing principals who have decades of experience in research, capital raises, strategic advisory, trading and sales.

Additional information on FIG Partners can be found at www.figpartners.com.

About xRM Global Inc.

xRM Global empowers people within the enterprise to achieve "high-touch, high-trust" interactions dramatically improving overall financial performance and building highly interactive social networks. This relationship centric automation is performed on xRM Global's On-Demand Enterprise 2.0 relationship management utility (the "xRM Utility"). The xRM Utility captures the best and most innovative practices of each industry and deploys them on a global basis enabling the transformation of an entire enterprise from a "Command & Control" structure to a "High-touch, High-trust" culture. People now have the freedom to focus on building and managing relationships, both internally and externally, which are integral to the enterprise. Best Practices are developed globally and are published in the Best Practices Marketplace within the xRM Utility allowing our customers to rapidly deploy new products and services locally and internationally without the large expense of systems discovery and development. Best practices are developed for internal and external relationship management as well as for the entire enterprise within industry verticals such as insurance, wealth management and telecom. Additional information about xRM Global can be found at www.xrmglobal.com and at www.sedar.com.

Forward-looking statements

This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, economic performance and future plans and objectives of xRM Global. Any number of important factors could cause actual results to differ materially from these forward-looking statements. Although xRM Global believes that the assumptions and factors used in making these forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that any such events will occur in the disclosed timeframes or at all. xRM Global disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • xRM Global Inc.
    Gary Bartholomew
    Canada: 416-900-2925 x 110 or US: 678-534-7335 x 110 or
    Brazil: 55-11-3957 1802 x 110
    647-346-2229 (FAX)
    xRM Global Inc.
    Paige Gaudette
    Canada: 416-900-2925 x 112 or US: 678-534-7335 x 112 or
    Brazil: 55-11-3957 1802 x 112
    647-346-2229 (FAX)