xRM Global Inc.

xRM Global Inc.

December 02, 2009 00:12 ET

xRM Global Updates Proposed Private Placement

TORONTO, ONTARIO--(Marketwire - Dec. 1, 2009) -


On November 4, 2009, xRM Global Inc. ("xRM Global") (TSX VENTURE:XRM), which has developed and operates the world's first on-demand, relationship management utility (the "xRM Utility"), announced a proposed non-brokered private placement of up to a maximum of 20,000,000 common shares at a price of $0.65 per share (the "Offering Price"), for aggregate gross proceeds of $13,000,000 (the "Offering"). The Offering, which is subject to all necessary regulatory approvals, was expected to close on or about November 30, 2009.

The Offering has been structured to provide for multiple closings. Management continues to pursue the completion of the Offering.

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 success of the enterprise. The best practices, which are developed globally and are published in the Best Practices Marketplace within the xRM Utility, allow 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.

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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