Press Releases
xRM Global to Present Ockham’s Media Slicing at Las Vegas Traders Expo
“Media Impact, Crowd Sentiment, and Valuations–Slicing Through to What Matters for Today’s Investor”
LAS VEGAS, NEVADA–(Marketwire – Nov. 19, 2009)– xRM Global Inc. (“xRM Global”) (TSX VENTURE:XRM) has developed and operates the On-Demand xRM Utility for some of the largest, global enterprises. The xRM Utility is a High-touch – High-trust core infrastructure that manages the most valued relationships across the enterprise.
On November 17, 2009, xRM Global announced that it 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”). Completion of the transaction is subject to the satisfaction of a number of conditions, including approval of the TSX Venture Exchange.
xRM Global is pleased to announce that Christian J. Ward of Ockham will be presenting today at The International Traders Expo in Las Vegas, Nevada, the world’s largest Expo for active traders. The speech is sponsored by Fidelity Investments and will cover the effects of media sources, valuations, and crowd sentiment statistics on trading and investing.
“With the complete inundation of information facing today’s investor, slicing through to what matters is on the mind of every trader, whether individual or institutional. With business television shows everywhere, irreverent blogs spreading like wildfire, and social media exploding, it can be incredibly difficult to identify and focus on what matters to each position in your portfolio,” said Ward. “xRM Global focuses our wealth management, on-demand infrastructure on the changing environment for today’s investor and demonstrates how staying informed at all times is one of the most critical elements of successful investing.”
The Ockham platform provides investors and professionals the ability to slice through impactful media sources quickly to arrive at the most pertinent information regarding their investments. The xRM Utility will incorporate the wealth intelligence tools of the Ockham on-demand infrastructure into the relationship management process for each client.
On November 17, 2009, xRM Global announced that it 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”). Completion of the transaction is subject to the satisfaction of a number of conditions, including approval of the TSX Venture Exchange.
xRM Global is pleased to announce that Christian J. Ward of Ockham will be presenting today at The International Traders Expo in Las Vegas, Nevada, the world’s largest Expo for active traders. The speech is sponsored by Fidelity Investments and will cover the effects of media sources, valuations, and crowd sentiment statistics on trading and investing.
“With the complete inundation of information facing today’s investor, slicing through to what matters is on the mind of every trader, whether individual or institutional. With business television shows everywhere, irreverent blogs spreading like wildfire, and social media exploding, it can be incredibly difficult to identify and focus on what matters to each position in your portfolio,” said Ward. “xRM Global focuses our wealth management, on-demand infrastructure on the changing environment for today’s investor and demonstrates how staying informed at all times is one of the most critical elements of successful investing.”
The Ockham platform provides investors and professionals the ability to slice through impactful media sources quickly to arrive at the most pertinent information regarding their investments. The xRM Utility will incorporate the wealth intelligence tools of the Ockham on-demand infrastructure into the relationship management process for each client.
xRM Global Enters the Wealth Intelligence Market With Ockham Research, LLC Acquisition
“Information Slicing Technology enables the wealth management industry to regain touch and trust with its client base”
TORONTO, ONTARIO–(Marketwire – Nov. 17, 2009) xRM Global Inc. (“xRM Global”) (TSX VENTURE:XRM) has developed and operates the XRM Utility for some of the largest, global enterprises. The XRM Utility is a High Touch, High Trust core infrastructure that manages the most valued relationships across the enterprise.
xRM Global is pleased to announce it has 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 the purchase agreement, EM Technologies, Inc. (“EM Technologies”), a wholly-owned subsidiary of xRM Global, will acquire 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$1,800,000, as adjusted pursuant to the terms of the purchase agreement. Approximately US$275,000 of the purchase price will be offset against the full amount of a prior loan made by EM Technologies to Ockham. The purchase price will be paid by the issuance of approximately 3.6 million common shares of xRM Global at an issue price of $0.50 per share, subject to adjustment in accordance with the terms of the purchase agreement. The shares issued to Ockham will be subject to certain escrow conditions agreed to by the parties. Completion of the transaction is subject to the satisfaction of a number of conditions, including approval of the TSX Venture Exchange.
“This is a very strategic acquisition for xRM Global on two fronts”, stated Gary Bartholomew, Chairman and CEO of xRM Global Inc. “First, it brings a core technology to xRM Global that extracts intelligence from online and traditional media sources, bringing content, analysis and information directly to our clients. Second, with xRM Global’s High Touch, High Trust wealth management utility, investment managers and advisors will be able to synthesize the Ockham intelligence directly into their daily work flow. This will strengthen the ability of each xRM Global client to retain assets, build more informative dialogues and improve overall asset growth.”
Christian J. Ward, founder and CEO of Ockham added, “The Ockham team has long recognized that the next step for information and analytics in wealth management is making relevant connections between managers and customers. All the data in the world is useless in the absence of a simple way to understand and inform your clients in a proactive and efficient manner.” Ward continued, “XRM Global’s High Touch, High Trust relationship utility embodies this concept perfectly. Every wealth manager and investment advisor needs a better way to use information, analysis, and content in their relationships with each client.”
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 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.
xRM Global is pleased to announce it has 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 the purchase agreement, EM Technologies, Inc. (“EM Technologies”), a wholly-owned subsidiary of xRM Global, will acquire 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$1,800,000, as adjusted pursuant to the terms of the purchase agreement. Approximately US$275,000 of the purchase price will be offset against the full amount of a prior loan made by EM Technologies to Ockham. The purchase price will be paid by the issuance of approximately 3.6 million common shares of xRM Global at an issue price of $0.50 per share, subject to adjustment in accordance with the terms of the purchase agreement. The shares issued to Ockham will be subject to certain escrow conditions agreed to by the parties. Completion of the transaction is subject to the satisfaction of a number of conditions, including approval of the TSX Venture Exchange.
“This is a very strategic acquisition for xRM Global on two fronts”, stated Gary Bartholomew, Chairman and CEO of xRM Global Inc. “First, it brings a core technology to xRM Global that extracts intelligence from online and traditional media sources, bringing content, analysis and information directly to our clients. Second, with xRM Global’s High Touch, High Trust wealth management utility, investment managers and advisors will be able to synthesize the Ockham intelligence directly into their daily work flow. This will strengthen the ability of each xRM Global client to retain assets, build more informative dialogues and improve overall asset growth.”
Christian J. Ward, founder and CEO of Ockham added, “The Ockham team has long recognized that the next step for information and analytics in wealth management is making relevant connections between managers and customers. All the data in the world is useless in the absence of a simple way to understand and inform your clients in a proactive and efficient manner.” Ward continued, “XRM Global’s High Touch, High Trust relationship utility embodies this concept perfectly. Every wealth manager and investment advisor needs a better way to use information, analysis, and content in their relationships with each client.”
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 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.