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XRS Corporation Appoints Michael Weber As Chief Financial Officer

MINNEAPOLIS, Oct. 10, 2012 (GLOBE NEWSWIRE) -- XRS Corporation (formerly Xata Corporation) (Nasdaq:XRSC), the leader in mobile fleet optimization software, today announced that the company's board of directors has promoted and appointed Michael Weber to chief financial officer effective immediately.

Weber brings more than 25 years of finance expertise to his new role, with five years a member of XRS' finance team. Most recently, he served as XRS' vice president of finance responsible for corporate-wide financial planning and analysis, management of all Securities and Exchange Commission (SEC) and management reporting functions, and leading the day-to-day financial operations while focusing on process improvements throughout the organization. During his tenure at XRS, Weber has been instrumental in leading the successful acquisition and integration of two key acquisitions, GeoLogic Solutions, Inc. and Turnpike Global Technologies, resulting in subscriptions in excess of 114,000 and significant improvement to the company's strategic positioning in the trucking industry.

"Mike has been an integral part of our team since he joined XRS in 2007, and he has more than demonstrated his ability to lead our company's financial operations," said Jay Coughlan, chairman and CEO. "His skill set will be invaluable as we transition XRS from a hardware-centric platform to our new mobile application format. We are pleased to promote Mike and know his financial and strategic expertise will help ensure that XRS remains on a strong path to meet our customers' and investors' expectations."

Prior to joining XRS, Weber held the role of director of compliance and external reporting, controller at CNS, Inc. from 2001 to 2007. From 1999 to 2001, he held several key financial roles at Schwan's Sales Enterprises, Inc. Weber received a bachelor of science degree in accounting/business from St. John's University in Collegeville, Minn. He also holds the designation of certified public accountant (inactive).

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