XNR Xanser Corp

Xanser Corporation (NYSE:XNR) today announced that the company�s name will change to Furmanite Corporation, effective upon shareholder ratification at the Annual Meeting on May 17, 2007. Furmanite Corporation will trade on the New York Stock Exchange under the ticker symbol FRM. �Through a significant acquisition and a refinement of our business direction, our company today is very different from the company a year ago,� said John R. Barnes, chairman and CEO of Xanser Corporation. �We are now operating as a single business � Furmanite � and that�s why our name will change, reflecting our focus on expanding and building our worldwide presence in technical services.� ABOUT XANSER CORPORATION Xanser Corporation (NYSE:XNR) is a worldwide technical services firm, which will be renamed Furmanite Corporation (NYSE:FRM) effective with shareholder ratification at the May 17, 2007 annual meeting. Headquartered in Dallas, Texas, Xanser owns and operates Furmanite, one of the world�s largest specialty technical services companies. Furmanite delivers a broad portfolio of engineering solutions that keep facilities operating, minimizing downtime and maximizing profitability. Furmanite�s diverse, global customer base includes offshore drilling operations, pipelines, refineries and power generation facilities, chemical and petrochemical plants, steel mills, automotive manufacturers, pulp and paper mills, food and beverage processing plants, semi-conductor manufacturers and pharmaceutical manufacturers. The company�s customer base also includes U.S. governmental entities. Furmanite operates more than 50 offices on five continents. For more information, visit the company�s current Web site at www.xanser.com. Upon ratification of the name change, the company�s Web site will be www.furmanite.com. Certain of the Company�s statements in this press release are not purely historical, and as such are �forward-looking statements� within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management�s intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in the Company�s business, and other risks and uncertainties detailed from time to time in the Company�s periodic reports filed with the Securities and Exchange Commission. One or more of these factors have affected, and could in the future affect the Company�s business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this document will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and the Company assumes no obligation to update any forward-looking statements.