EXA Signs Investment Banking Agreement

EXA Signs Investment Banking Agreement 


DEERFIELD BEACH, Fla., March 31  /PRNewswire-FirstCall/ -- EXA, Inc. (OTC Pink
Sheets: EXAI), formerly EXA International, Inc., announced the signing of an
investment banking agreement with an affiliate of Grosvenor Capital Markets,
Inc. of New York, NY.  James Vernon, president, remarked, "I have fulfilled my
first priority since I assumed the presidency of EXA. Grosvenor Capital Markets,
Inc. agreed to assist us in raising $10 million through a private placement
offering of 100 three-year term interest and revenue-sharing debentures.  Brian
Lewis, president of Grosvenor Capital Markets, believes that, "EXA's
Cruiseshares concept is an innovative and much needed vacation product."

Mr. Vernon continued, "These funds will allow EXA to purchase one or more
commercial cruise ships for its Cruiseshares project."

Cruiseshares is the marriage of the two most popular vacation alternatives --
timesharing and cruising, offering an extraordinary vacation value on
unforgettable, port-oriented cruises where owners will enjoy world-class service
to new and different destinations each and every year.

Statements in this release are made pursuant to the "Safe Harbor" provisions of
the Private Securities Litigation reform Act of 1995. Investors are cautioned
that like forward-looking statements, certain risks and uncertainties are
involved, including without limitation, continued acceptance of the company's
services, increased levels of competition for the company and dependence on the
performance of the management of the company. 

DATASOURCE: EXA, Inc.



CONTACT:  James C. Vernon of EXA, [phone], or

 

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