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XL TechGroup, Inc. (XLT)


Tuesday 05 September, 2006

XL TechGroup, Inc.

AgCert Interim Results

XL TechGroup, Inc.
05 September 2006

Press Release                                                  5 September 2006

                               XL TechGroup, Inc.

                        ('XL TechGroup' or the Company')

           XL TechGroup company AgCert announces its Interim results

XL TechGroup, Inc. (AIM: XLT), the systematic architect and builder of an
ongoing stream of high value new companies, advises that XL TechGroup company
AgCert International plc, a leader in the production and sale of agriculturally
derived greenhouse gas emission reductions, has today announced its Interim
results to 30 June 2006.

Strong progress has been made with AgCert announcing a 37% increase from June
2006 to end of August 2006 of its annual run rate of CER offsets to 2.6 million,
creating a total credit reserve of 26 million.  More than 100,000 CERs have been
submitted for certification with expected delivery for revenue in October 2006
subject to final UN approval.  AgCert's business model has been commercially
proven with the roll out of sites proceeding at a rapid and escalating rate.
Its joint venture with AES Corporation is progressing well with AES planning a
US$300 million investment into the joint venture over the next five years. In
addition, AgCert has delivered its first CERs to a customer from Projects
located in Brazil and Mexico.

Dr John Scott, CEO of XL TechGroup, commented on AgCert's Interim results:  'We
are delighted to see AgCert grow consistently and these results reflect strong
developments within the company.  We are confident in continued solid growth in
the future.'

                                    - ends -

For further information:
XL TechGroup Inc.
John Scott / Harold Gubnitsky                       Tel: +1 321 409 7403
[email protected]                       

XL TechGroup media enquiries:
Abchurch Communications
Heather Salmond / Chris Munden                      Tel: +44 (0) 20 7398 7700
[email protected]        


About XL TechGroup

XL TechGroup identifies unmet market needs in the Biotech, Ecotech and Medtech
sectors and then systematically creates and develops successful disruptive
technology businesses to exploit these needs.  The Company has developed a
unique proven method to rapidly bring companies from inception to liquidity,
matching unexploited IP from a group of corporate and technology partners to the
identified unmet market need.  XL TechGroup employs its own predictive algorithm
to ensure the market will rapidly adopt the identified solution and then moves
to scale the company specifically created to exploit the opportunity.

Before forming XL TechGroup, the management team created substantial value for
shareholders over a twelve year period, successfully exiting six technology
businesses at an average market valuation of approximately US$500 million.

The listing of the first company created under the XL TechGroup banner, AgCert
International, continues to validate the systematic approach to value creation.

•                  AgCert International plc was created by XL TechGroup in May
2002 and is a global leader in the production and sale of agriculturally derived
greenhouse gas emission reductions, with business in Europe, Asia, North America
and South America.  AgCert was listed on the London Stock Exchange in June 2005
and XL TechGroup maintains a 24.14% interest in AgCert.

The second and third companies in the new generation of XL TechGroup businesses

•                  TyraTech LLC, which was created by XL TechGroup in July 2004,
is developing a new class of highly effective, non-toxic pesticides using cloned
insect chemoreceptors, based on approved, safe, natural oils.  Its development
is progressing rapidly, particularly in human healthcare applications.
TyraTech, which is 66.19% owned by XL TechGroup, is continuing discussions with
companies in North America, Asia and Europe as well as numerous national public
health programs about the licensing and distribution rights for its patented
formulations in relation to natural insecticide and personal care products.

•                  DxTech LLC was created by XL TechGroup in July 2005, and is
developing a unique micro-fluidic platform that replaces essentially all
biological tests currently performed at reference laboratories with a
fully-automated, point-of-care device.  This technology has applications in
significantly lowering costs and increasing efficiency for major pharmaceutical
companies in their clinical trials, the provision of diagnostics in developing
countries and delivering a new revenue stream for doctors in the USA.  DxTech is
currently 85.59% owned by XL TechGroup.

XL TechGroup has also entered into a strategic joint venture with GEN3 Partners,
Inc. to create a new company; GenXL LLC.  This value creation entity will
combine the proven methodologies and guaranteed business opportunity flows of
both companies in order to take advantage of the rich pipeline of opportunities
over and above XL TechGroup's core business model.  The collaboration will
provide a pathway to even greater value for XL TechGroup shareholders by
producing a steady flow of new, self generated businesses within the BioTech,
EcoTech, MedTech and Communications sectors.  These will include new companies,
standalone product lines and technology licensing opportunities or an
appropriate mix of these.

XL TechGroup has a number of other opportunities already at an advanced stage in
its business creation pipeline, and expects to create one-to-two new companies
annually that can each achieve a liquidity event worth at least US$400 million
within four years from inception.

For further information, see

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                              

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