xRM Global Inc.
TSX VENTURE : XRM

xRM Global Inc.

December 18, 2009 08:51 ET

xRM Global Completes Ockham Research, LLC Acquisition

"xRM's Information Slicing Technology Enables the Wealth Management Industry to Regain Touch and Trust with its Client Base"

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2009) - xRM Global Inc. ("xRM Global") (TSX VENTURE:XRM) has developed and operates the xRM Utility for some of the world's largest, global enterprises. The xRM Utility is a High Touch - High Trust web based application that manages the most valued enterprise relationships across companies of any size.

On November 17, 2009 xRM Global announced that it had entered into an agreement to acquire substantially all the assets of Ockham Research, LLC, a limited liability company incorporated under the laws of the State of Georgia ("Ockham"). Pursuant to the terms of an amended and restated purchase agreement, xRM Global is pleased to announce the completion of the Ockham transaction.

Pursuant to the terms of the transaction, EM Technologies, Inc. ("EM Technologies"), a wholly-owned subsidiary of xRM Global, acquired from Ockham certain intellectual property, tangible personal property, inventories, accounts receivables, cash and cash equivalents, and the rights under specified contracts, for a purchase price of US$1,890,734. The purchase price was offset in part against a prior loan made by EM Technologies to Ockham in the aggregate principal amount of $275,246. The remainder of the purchase price was paid by the issuance to the members of Ockham, in the aggregate, of 3,409,324 common shares of xRM Global at an issue price of CAD$0.50 per share. The common shares issued are subject to certain escrow conditions agreed to by the parties.

"The Ockham technology provides a significant advantage to the users of the xRM Utility by extracting intelligence directly from the unstructured content generated by the internet and media", states Gary Bartholomew, Chairman and CEO, xRM Global. "Taking this intelligence and creating an actionable, meaningful task with the structured data, the xRM utility creates a high touch platform that builds ongoing trust with the customer. This combination of unstructured information from the internet with structured corporate data is the foundation for the new Social Enterprise".

Christian J. Ward, founder and CEO of Ockham commented, "The close of the acquisition of Ockham by xRM Global signals the beginning of our integration of the core technologies at each firm." Ward added, "By bringing together relationship mapping from xRM and the information slicing and analytics tools developed by Ockham, we are creating the ultimate relationship building and retention utility for our clients."

About Ockham Research, LLC

Ockham is an information, content, and analysis platform which provides tools and solutions that simplify each investor's focus. Ockham utilizes proprietary media slicing technologies to find and filter impactful stories and information from thousands of sources including both traditional and new media. Additionally, Ockham provides its unique valuation ratings on thousands of companies through a detailed fundamental analysis of the targeted company's revenues, cash earnings, dividends and stock price factors. Ockham's platform and tools, including mobile device access, are all designed to simplify the amount of information surrounding investments to the core necessary factors to make informed decisions. Additional information about Ockham can be found at www.ockhamresearch.com.

About xRM Global Inc.

xRM Global empowers people within the enterprise to achieve "high-touch, high-trust" interactions thereby 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 and 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.

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