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EXA Announces Planned Acquisition

Press Release: EXA, Inc.
May 19, 2004
DEERFIELD BEACH, FL -- EXA, Inc. (OTC Pink Sheets: EXAI) announced yesterday the signing of a Letter of Intent with Carrano Travel, Inc., of North Miami, Florida to enter into a share exchange to acquire Carrano. The terms and conditions were not disclosed. James C. Vernon, president of EXA, said, "I have had a long-term working relationship with Carrano Travel during my tenure at the helm of Travel Professionals International, Inc. Carrano Travel's president, Warren Crowder, will retain his position, but will also become a valued addition to the EXA management team."

Vernon continued, "Carrano Travel is primarily an in-bound call center currently booking over 6,000 hotel rooms annually for special events. Carrano will become the in-bound call center for our direct cruise bookings and timeshare leads. The facility will become a major factor in the sales and marketing of our Cruiseshares product, including the development of pre and post cruise tours."

Mr. Crowder added, "We all look forward to working again with Jim and EXA's management team. If everything goes according to plan, we should have a closing agreement completed within 90 days."

Cruiseshares is the marriage of the timeshare and cruise industries 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.

Source: EXA, Inc.