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XRM Xrm Global

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Share Name Share Symbol Market Type
Xrm Global TSXV:XRM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

xRM Global Updates Proposed Private Placement

16/04/2010 3:00pm

Marketwired Canada


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


On January 18, 2010, xRM Global Inc. ("xRM Global") (TSX VENTURE:XRM), which has
developed and operates the world's first on-demand, relationship management
utility (the "xRM Utility"), announced a proposed non-brokered private placement
wherein xRM Global will sell up to 4,615,385 units (the "Units") at $0.65 per
Unit for gross proceeds of up to $3,000,000, with each Unit consisting of one
common share of xRM Global and one common share purchase warrant exercisable,
subject to adjustment in accordance with its terms, for 12 months at $0.80 per
share. As of April 15, 2010, an aggregate of 1,629,230 Units have been sold for
gross proceeds of $1,058,999.


The TSX Venture Exchange has agreed to extend the previously granted price
protection of $0.65 for a further 18 days to April 30, 2010 at which time the
price protection will lapse. The Offering has been structured to provide for
multiple closings. Management continues to pursue the completion of the
Offering. 


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 & 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 success of the enterprise. The best practices, which
are developed globally and are published in the Best Practices Marketplace
within the xRM Utility, allow 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.


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.


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