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14 May 2010 XPI secures $3.0 million second round investment from The Business, Engineering, Science & Technology (BEST) Discoveries Fund and BEST Total Return Fund. The investment signals bolstered confidence in XPI as a company, DisclosureNet as stand-out, corporate disclosure research technology and the management team as innovative visionaries and effective leaders"”key elements for corporate success and strategic growth. The investment comes as XPI sets a record in March 2010 for the highest monthly sales of DisclosureNet in the company's history and recognizes 4 months of continued and accelerated business growth. "With the growth that XPI has experienced over the past year and the continued, growing adoption of DisclosureNet, it is clear that XPI's creative and innovative solutions are well received in the marketplace," said John Richardson, CEO of BEST Funds " ( PRWEB ) May 13, 2010 -- XPI, a leading provider of online solutions for corporate disclosure research , today announced that it has secured a $3.0 million round of investment from The Business, Engineering, Science & Technology Discoveries Fund and BEST Total Return Fund (together as "BEST Funds"). This second investment by BEST Funds is a key testament to the confidence placed in the company's visionary management team and its ability to grow the company to meet the ever-increasing demand for DisclosureNet, its security filings research solution that is redefining corporate disclosure research. The investment comes on the heels of the company setting a record in March 2010 for the highest monthly sales of DisclosureNet in the company's history and recognizing 4 months of continued and accelerated business growth. The increased growth is attributed to amplified demand for DisclosureNet 5 "”the latest version of the popular online, public company research solution"”and the availability of DisclosureNet IFRS, a key resource for professionals assisting companies with their IFRS transition. The newest edition, DisclosureNet Team, offers unique, collaborative capabilities which help to further solidify DisclosureNet's market-leading position. "With the growth that XPI has experienced over the past year and the continued, growing adoption of DisclosureNet, it is clear that XPI's creative and innovative solutions are well received in the marketplace," said John Richardson, CEO of BEST Funds. "Our decision to invest in the company a second time demonstrates our confidence in the XPI team and our firm belief that that DisclosureNet is on track to becoming the unequivocal leader in the security filings research space." The infusion of investment funds will be utilized to strengthen the organization's operations while expanding its sales and marketing efforts internationally. This boost will also ensure that XPI can continue to meet the escalating demand for DisclosureNet"”its flagship disclosure research solution that enables professional users to search, mine and monitor public company information filed on the SEC EDGAR database in the United States, SEDAR and SEDI in Canada and documents filed in the UK.

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