XnE, Inc.

September 29, 2009 08:00 ET

XnE, Inc. Appoints a New COO

SAN JUAN CAPISTRANO, CA--(Marketwire - September 29, 2009) - XnE, Inc. (PINKSHEETS: XNEZ) is pleased to announce the appointment of Rick Berry to the Company's Board of Directors and as Chief Operation Officer. Mr. Berry will become the third member of the Company's Board and brings with him over two decades of experience in start-up businesses as well as management for several firms.

Rick is a native of Salt Lake City, Utah and a graduate of Ricks College. Mr. Berry has an extensive career in sports marketing and in building successful start-up business such as L.A. Gear, Cape Athletic and Above the Rim. Mr. Berry has constantly been involved with sports as an administrative capacity or as a coach. Mr. Berry has coached football at both Ricks College and Dixie State College. Mr. Berry first got involved with professional baseball while working with the Golden Baseball League during 2006-2007 and has been the General Manager for the St. George Roadrunners since their inception in January of 2007.

Michael Cummings, XnE, Inc. Chairman and Chief Executive Officer, commented on the appointment of Mr. Berry saying, "We are very pleased to welcome Rick to our Management Team and Board of Directors and view his appointment as being very positive for our company as well as our shareholders. Rick's desire to participate in enhancing shareholder value combined with his successful experience in business and sports makes him especially well suited to join our Team."

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About XnE, Inc.

XnE, Inc. is part of the "FASTEST GROWING FAMILY SPORT IN AMERICA and that is MINOR LEAGUE BASEBALL." Over 50 million people attend minor league baseball games each season. In 2004 through 2008, minor league baseball drew more total fans to their games than the NBA, NFL and NHL combined and minor league teams are now in or near 100% of the top 50 US cities.

Minor league baseball appeals to families who appreciate its ability to entertain at a reasonable price. A family of four can go to the game including tickets, snacks and parking for around $40. Minors' average ticket price is $6, Major League Baseball is $18, NBA is over $41 and the NFL is over $50. In a recent survey, 81% of respondents said they want to spend more time with family and 51% said baseball is the way to do it.

FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the Sports and Entertainment industry; the positioning of XnE in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether XnE can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.

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