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Thursday July 15, 2:29 pm Eastern Time

Company Press Release

SOURCE: XMLSolutions Corporation

XMLSolutions Receives $3.6 Million in Venture Capital Financing; Accelerates Solutions for End-to-End Commercial E-Commerce Integration

VIENNA, Va., July 15 /PRNewswire/ -- XMLSolutions Corporation, the leading provider of end-to-end commercial e-commerce integration solutions, today announced the completion of a $3.6 million round in venture capital financing with Verticality Investment Group, LLC, a Jersey City, N.J.-based venture capital firm that invests in private technology companies.

The investment, which marks the company's first round of funding, will be used to continue the rapid expansion of XMLSolutions' superior professional services group and accelerate deployment of the Exeter family of e-commerce software products.

``We are extremely excited about the Verticality partnership and look forward to continuing their past success as one of the industry's leading venture capitalist firms,'' said Kevin Kail, CEO.

``The current crop of XML vendors add to the burden of IT managers,'' said Hadar Pedhazur, a principal at Verticality Investment Group. ``XMLSolutions has put together an extraordinary team that will unveil products and services that will enable the Global 2000 to leverage their existing systems and investments, while utilizing XML-based technologies to forge ahead and capture their share of the new economy.''

The Exeter family of products will be released on August 1, 1999. XMLSolutions backs its XML e-commerce software with a superior professional services team, staffed with top experts in XML, EDI, enterprise metadata and legacy system integration.

About Verticality

Verticality Investment Group, LLC, is a venture capital management company that focuses on investments in private technology companies, generally those involved in software development concentrating on finance, the Internet, programming tools, development environments, distributed object systems and programming languages. Verticality's partners have achieved notable successes in both large corporate and entrepreneurial venues. For more information, call Hadar Pedhazur at 201.656.9311 or visit the web site at http://www.verticality.com.

About XMLSolutions

XMLSolutions Corporation is the leading solutions provider for end-to-end commercial e-commerce integration. Pioneer in XML-EDI, XMLSolutions Exeter family of products enables large corporations to leverage their investment in EDI and extend their reach to small and midsize trading partners through XML.

XMLSolutions is headquartered in Northern Virginia, with offices in Chicago, Illinois. For more information, contact XMLSolutions Corp., 8401 Old Courthouse Rd, Suite 130, Vienna, VA 22182. Phone: 703.980.7326; email: info@xmls.com; web: http://www.xmls.com

SOURCE: XMLSolutions Corporation

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