XeDAR Ends Public Reporting

May 13, 2009 - XeDAR has filed paperwork with the Securities and Exchange Commission (SEC) to terminate the Company's registration under the Securities Exchange Act of 1934, as amended.  As a result, the Company's obligation to file periodic and current reports with the SEC, including Forms 10-K, 10-Q and 8-K, has been suspended.  The stock will continue to be quoted on the Pink Sheets alternative market.

Hugh Williamson, XeDAR's Chief Executive Officer, said "This decision comes after we spent more than 18 months trying to raise debt or equity to do more acquisitions on reasonable terms; efforts that proved unfeasible, largely due to the banking crisis and ongoing weakness in the equity markets.  After careful analysis and deliberation, the XeDAR Board of Directors concluded that deregistration was both the fiscally responsible choice and the most advantageous decision for the company's stockholders."

XeDAR's Chief Financial Officer, Steven Bragg, adds that this does not mean that XeDAR is changing its plans for organic growth.  "We view deregistration as a first step to assuring the sustained health of XeDAR," noting that the current recession has both depressed the stock price and contributed to very low trading volumes.  He adds that "the benefits of remaining public are not there.  In fact, the costs of remaining public are adding more burden.  We currently spend nearly $500,000 annually just to remain a publicly traded company.  Also, it is widely expected that regulatory burdens will increase, which will drive up our reporting costs even more."

Williamson stresses that XeDAR remains "extremely well-positioned in a growing and recession-proof market, and is seeing an increasing number of transaction opportunities open to us.  We are successfully continuing our organic growth, and are 100% focused on being a profitable company, and maximizing shareholder value."

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