Mitchell Joins XRT North America as Director of Services

KING OF PRUSSIA, May 25, 2001 - Stephanie Mitchell joins XRT North America as director of services. Mitchell's responsibilities include implementation of services, training, client support and overseeing XRT University.

Mitchell comes to XRT from MERANT Micro Focus, Inc., Rockville, Md., where she served for three years as director of Global Services. Mitchell joined MERANT Micro Focus in 1990 as operations manager for North America. In 1994, she was named director of the company's Services Sales for North America.

Mitchell earned a bachelor's degree in business administration from Brandywine College, Wilmington, Del. She resides in Downingtown.

About XRT
XRT (Euronext Paris, ticker 5458), the secure financial flow architect, provides financial executives and treasurers truly global solutions for controlling financial risks and optimizing cash flows. Today, financial executives face the challenge of implementing "Collaborative Commerce," a new form of exchange based on electronic transactions. In this new environment, where reliability and security are essential, XRT offers Internet application platforms that enable global solutions. The XRT "Collaborative Treasury Management" solution delivers a comprehensive financial architecture. It ensures the complete protection of ERP and financial control applications, while complying with the FAS 133/IAS 39 standard and the requirements of the international banking environment.

XRT has formed strategic alliances with several key players from the technology industry (e.g. IBM, Microsoft, Oracle, etc.), the software industry (e.g. JD Edwards, Lawson Software, PeopleSoft, SAP, etc.) and the banking industry (e.g. ABN-AMRO, CCF-HSBC, Chase, Commerzbank, ING Bank, etc.). These partnerships, combined with XRT’s expertise and international presence in 55 countries, allow the Company to serve more than 10,000 clients.

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