March 18, 2010 08:00 ET

XnE, Inc. Enters the Technology Industry by Acquiring MSP on Demand

SAN JUAN CAPISTRANO, CA--(Marketwire - March 18, 2010) -  XnE, Inc. (PINKSHEETS: XNEZ) announces the acquisition to be the majority shareholder of MSP on Demand, LLC.

MSP on Demand, LLC was the first company to deliver a 'Hardware-as-a-Service' Business Model (aka; HaaS) to the technology channel. HaaS gives companies the ability to acquire technology and support services on a monthly fixed price model. MSP on Demand has helped change the decision process for businesses to consider paying for technology like a cell phone plan. MSP completed their 2009 year with approximately $1.0 million dollars and a net income of approximately 11%; terms of the agreement have not been disclosed.

HaaS gives all businesses the ability to procure technology along with the needed support on a monthly fixed price model. "We are excited to diversify our holdings by expanding into the technology market sector," Cummings stated. "MSP on Demand is an industry leader in the US to provide funding alternatives to resellers of technology-based products and services. They are a perfect fit for us because their services touch every facet of the technology market through its acclaimed HaaS business process which includes their National Funding Desk," Cummings added. "We think the severe problems that are impacting the current economy have severely thwarted acquisition by small to medium size business purchasers of technology products and services. Technology Providers now have an alternative funding source vs. the traditional financing option. MSP on Demand has helped change the decision process for businesses to consider paying for technology like you do your cell phone plan," Cummings concluded.

"The investment by XnE, Inc. in MSP on Demand provides us the important fuel needed for us to significantly expand our program offerings and provide our resellers with the best possible HaaS program in the market," Ramsey Dellinger, President of MSP on Demand said. "It cannot be overstated for Technology Resellers to remain competitive in a global marketplace, The Technology channel has to provide the ability to deliver technology and support services in a different way. Hardware-as-a-Service has become a strategic imperative for long term growth," Dellinger added.

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About XnE, Inc.

XnE, Inc. partners with executives to build public or private long term businesses, through acquisitions or organic growth. Our philosophy is that through a strong management team a strong company can be built, whether the company is a start up, in the growth stage or distressed and needs to be turned around.

XnE, Inc. is able to offer financial assistant, critical strategic support and management support from an experienced team. XnE will ensure that whatever the management team goals are for their company, we will help them achieve it with overall success.

About MSP on Demand

Helps resellers create and build an annuity revenue model for their organization. The next generation of computing will dictate that resellers make changes to keep up with the continually evolving demands by end-users. Service and support will be paramount and cost will be the driving factor for many decision makers. The HAAS Process will provide resellers the opportunity to maximize revenue on both hardware and service and be competitive in the IT pricing arena. Our unique process utilizes a private label funding source based on a single contract for both hardware and service. The process will maximize revenue forecasting, thus allowing service organizations to better manage their technical staff and resources.

The HAAS model is designed specifically for the small to medium-sized business looking for a better way to transact and conduct business in the next generation of IT Service: Transitioning from a traditional Value Added Reseller to a Managed Service Provider (MSP).

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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