AIM Rule 26 compliance
August 17 2007 - 3:00AM
UK Regulatory
RNS Number:2547C
XL TechGroup, Inc.
17 August 2007
Press Release 17 August 2007
XL TechGroup, Inc.
("XL TechGroup" or "the Company")
AIM Rule 26 Information
XL TechGroup (AIM: XLT), the systematic architect and builder of an ongoing
stream of high value new companies, announces that the information required by
AIM Rule 26 (company information disclosure) is available in the Investor
Relations section of the XL TechGroup website www.xltechgroup.com.
- Ends -
For further information:
XL TechGroup Inc.
John Scott / Harold Gubnitsky Tel: +1 321 409 7403
hgubnitsky@xltg.com www.xltechgroup.com
Chris Munden, Director of Investor Relations Tel: +44 (0) 20 7398 7720
cmunden@xltg.com
Nomura Code Securities
Richard Potts, Corporate Finance Tel: +44 (0) 20 7776 1200
www.nomuracode.com
XL TechGroup media enquiries:
Abchurch Communications
Heather Salmond / Gareth Mead Tel: +44 (0) 20 7398 7700
heather.salmond@abchurch-group.com www.abchurch-group.com
NOTES TO EDITORS
About XL TechGroup
XL TechGroup is in the business of significant value creation. Working with
major international corporate and technology partners such as AES, Procter &
Gamble and leading universities, XL TechGroup first identifies global unmet
market needs and then targets and exploits these by the systematic creation of
successful, disruptive technology businesses. These new companies are built
from scratch, and are then managed, developed and funded by XL TechGroup through
to the point of a trade sale or a stock market listing.
XL TechGroup's unique and proven methodology selects the best opportunities in
order to create one-to-two new companies annually, where each company is
expected to achieve a realisable valuation of at least US$400 million within
four years from its creation. While an XL TechGroup company might perform a
stock market listing at an earlier point in this four year timeframe, XL
TechGroup would retain a controlling interest and would continue to assist with
the company's development. It is XL TechGroup's aim to deliver significant
shareholder distributions at the final exit from each company.
XL TechGroup's companies to date are:
* AgCert International plc (LSE: AGC, www.agcert.com)
* TyraTech Inc. (AIM: TYR, www.tyratech.com)
* LLC (www.dxtech.com)
* PetroAlgae LLC (www.petroalgae.com)
* QuoNova LLC (www.quonova.com)
XL TechGroup has also established GenXL LLC as a joint venture to capture the
value of those prospects that do not fully meet XL TechGroup's US$400 million,
four year criteria but still demonstrate considerable potential worth. Over and
above XL TechGroup's core business model, GenXL is reviewing a significant flow
of opportunities from both XL TechGroup and GEN3 in order to generate new
companies, standalone product lines and technology licensing opportunities or an
appropriate mix of these.
For further information, see www.xltechgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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