XN Financial Partners with Global Tax Network To Provide International Individual Income Tax Services

BOCA RATON, FL - June 7, 2006 - XN Holdings, Inc., parent company of XN Financial Services, XN Risk Insurance Services and XN Private Client Services, today announced a strategic alliance with Global Tax Network (GTN) to offer international individual income tax planning and compliance - regardless of the Home or Host country.

Global Tax Network focuses on providing tax solutions for corporations with employees on short- and long-term international assignments. Key GTN program benefits include:

• Tax Planning: Creative assignment planning and compensation structuring to minimize tax costs to the company and individual associated with an international assignment or transfer
• Tax Preparation: Home and Host country return preparation including review/analysis of tax codes, provisions and credits relevant in each respective location
• Annual Calculations: Tax and assignment cost projections, as well as tax equalization, protection and/or reconciliation calculations
• Payroll Consulting: Expatriate and foreign national areas of focus, including worldwide payroll reporting and withholding requirements
• International Tax Liaison: Tax notice responses provided for Home and Host country taxing authorities, including representation before applicable taxing authority

"At Global Tax Network, we are committed to excellent client service and to the use of technology to support our services," said David Kolb, Partner, Global Tax Network. "XN Financial allows us to expand our business with a superior Web platform to better service clients throughout the world."

GTN joins XN Financial's roster of independent service providers, further strengthening this first and only alliance of its kind for companies with internationally mobile employees. The alliance is supported by XN's technology platform, which also includes web-based resources for personal banking and offshore, online trading. GTN is the latest to align with XN Financial's team of globally recognized service providers including Citibank's Personal Banking for Overseas Employees, FGIworld and HTH Worldwide.

"XN Financial has a genuine appreciation and first-hand knowledge of the impact that international mobility can have on the assignee's taxable income," said Dan Anber, President and CEO of XN Holdings Inc. "Given the complexity of tax laws and direct effect of ever changing bilateral agreements, a strategic partner of GTN's caliber is critical to offering the highest level of service to our corporate and individual clients."

About Global Tax Network

Global Tax Network ("GTN") specializes in meeting the international individual income tax preparation and consulting needs of employers with employees on foreign assignment. GTN provides sound, dependable, cost-effective Expatriate and Foreign National tax preparation, consulting, and international payroll services to our clients--pre-assignment planning through repatriation. Global Tax Network is a consortium of leading professional services firms specializing in delivering world-class international ("expatriate" and "foreign national") tax and consulting services to individuals, small businesses and corporations around the world. GTN combines excellent client service, technical expertise, leading-edge technology and creativity in all major markets to provide clients with a full range of value-added tax and business services. GTN strives to help clients keep their tax and compliance costs as low as possible through proper planning and their thorough tax compliance process. Please visit us at www.GlobalTaxNetwork.com.

About XN Holdings(TM)

XN Holdings(TM) is a leading online provider of insurance and financial products designed specifically for the needs of expatriates and internationally mobile employees. XN offers both corporate- and association-sponsored employees "24/7" global access to personalized insurance and financial information through both the Web and a multilingual call center. XN enables expatriates to access customized products and information designed to ease common concerns about security issues, health care, travel arrangements, relocation and tax planning. XN Holdings(TM) is headquartered in Boca Raton, Florida, with the Global Service Center in Montreal, Canada. For an in-depth look at XN, please visit www.xn.com.

XN Holdings(TM), XN Risk(TM) and XN Financial(TM) are registered trademarks of XN Holdings, Inc. in the United States, and other countries.