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, +1-954-725-5570, or

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